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Medifast, Inc.
Miscellaneous Personal Services Not Elsewhere Classified MD, United States
Listed in: : Consumer Goods and Services
Company Description
Medifast, Inc. develops, manufactures and markets health and diet products. The company offers protein meal substitute through a network of physicians. Its products are manufactured by its subsidiary, Jason Pharmaceuticals. It had implemented a medically supervised program for long-term weight loss, which is marketed through drug wholesalers, Internet and diet and fitness centers. The company has also developed a specialized program for diabetics called Medifast Plus for Diabetics. The company was founded in 1993 and is headquartered in Owings Mills, MD.
Executives
- Michael C. MacDonald, Chief Executive Officer
- Michael C. MacDonald , age 59, joined Medifast's Executive Committee of the Board of Directors in 1998, has served as Executive Chairman since November 2011, and was promoted to Chairman & Chief Executive Officer in February 2012. Prior to this role, Mr. MacDonald was Executive Vice President of OfficeMax, overseeing the Contract Division – a $3.6 billion division of the OfficeMax Company. Mr. MacDonald has spent an additional 33 years in sales, marketing, and general management at Xerox Corporation. Among his most significant roles was leading the turnaround in North America from the years 2000 to 2004 as President of the North American Solutions Group, a $6.5 billion division of Xerox. In addition, Mr. MacDonald was President of Global Accounts and Marketing from 2004 to 2007, where he led the re-branding of the Xerox Corporation. Mr. MacDonald also has international experience in marketing, sales, and operations with both Xerox and OfficeMax. Mr. MacDonald is the uncle of Margaret Sheetz who performs the roles of President and Chief Operating Officer at Medifast, Inc. and brother of Mr. Bradley T. MacDonald. Mr. MacDonald received his Bachelor of Arts, Political Science at Rutgers University, earned 44 MBA Credits at Iona College, and attended premier executive education courses in leadership and management at Harvard and Columbia Universities. In addition to serving as Chairman and CEO of Medifast, Inc., Mr. MacDonald also serves on the Jimmy V Foundation and the Archdiocese of Baltimore Catholic Community Foundation.
- Margaret MacDonald-Sheetz , MBA, President and Chief Operating Officer
- Margaret "Meg" Sheetz is the President and COO of Medifast, Inc. In March 2011, Meg also became the CEO of Take Shape for Life, a division of Medifast. As Medifast continues to see strong year-over-year growth, Ms. Sheetz has provided the operational and technical leadership that has resulted in Medifast providing the proper infrastructure to support the growth of the company. Her accomplishments include making dramatic productivity improvement in the company's operational capabilities, as well as building a strong infrastructure of distribution, manufacturing, information systems, and human resource operations necessary to support rapid business growth. Ms. Sheetz was first selected as a Management Director in 2008 after she had assumed the positions of President and Chief Operating Officer of Medifast, Inc. Her leadership and oversight skills are greatly admired, and she is recognized in the company as a detail-orientated executive who builds high-performance teams. The Board considers her the source person to get information pertinent to the oversight of Medifast's operations. Ms. Sheetz supports the efforts of the American Diabetes Association, the American Heart Association, and Toys for Tots Foundation. Meg sits on the Board of Directors for Stevenson University, the Greater Baltimore Committee, and Siloam, and is also a member of the Villanova President's Leadership Circle. In addition, she is the managing trustee of the MacDonald Family Foundation and the Take Shape for Life Foundation which focuses on grants to support educational programs for disadvantaged students. Ms. Sheetz is an active member of Vistage, an organization of top area business leaders who meet regularly to discuss business challenges, get peer advice, and learns how to take smart risks to move their companies confidently to the next level. She holds a Bachelor of Arts degree from Villanova University and received an Executive MBA from Loyola University. In April 2011, Meg was awarded the 2011 Baltimore Smart CXO award. This distinguished award is given to CEO's, COO's, and CFO's who have demonstrated creative management vision, leadership, the ability to build innovative strategies, and undeniable work ethic.
- Brendan Connors , CPA, Chief Financial Officer
- Brendan Connors joined Medifast as the Vice-President of Finance in April 2005. In May 2010, he was promoted to Chief Financial Officer. Prior to joining Medifast, Mr. Connors worked as a Senior Accountant at Wolf & Company, P.C., a certified public accounting and consulting firm in Boston, MA. Mr. Connors has provided financial leadership that has resulted in the strong year-over-year growth experienced at Medifast. In addition to his strong financial expertise, Mr. Connors leadership skills have been critical to building high performance teams within the organization. He was instrumental in building the Senior Level Finance Team, as well as the Business Intelligence Team necessary to support the company's growth. He also supports the efforts of the American Diabetes Association, the American Heart Association and the Toys for Tots Foundation.