Will Weight Watchers’ CTO Resignation Appease These Top Institutional Shareholders?

Weight Watchers International (NYSE:WTW) announced that Michael Basone, Chief Technology Officer and President, has informed the Company of his decision to resign in order to pursue other business opportunities. No successor has yet been named. In order to ensure a smooth transition, Mr. Basone will continue working closely with David Kirchhoff, the company’s Chief Executive Officer, James Chambers, President and Chief Officer of Operations, and the other members of the firm’s senior management team to take care of business until his departure. Mr. Basone has entered into a retention agreement for his continued employment until his departure date.

Will Weight Watchers International, Inc.’s shareholders decrease their holdings? They reported owning a total of 40.19 million shares on 12/31/2012. The shares closed at $52.36 on 12/31/2012.

Here are the ten largest positions in Weight Watchers International, Inc. at the end of December 31st, 2012.

Artal Group S.A. held 28,749,089 shares on 12/31/2012 worth $1,505,302,318. This brought the portfolio total to 53.68%.

First Manhattan Co. held 1,489,432 shares on 12/31/2012 worth $77,986,660. This brought the portfolio total to 0.57%.

Vanguard Group Inc. held 1,288,939 shares on 12/31/2012 worth $67,488,847. This brought the portfolio total to 0.01%.

Global Thematic Partners LLC. held 730,914 shares on 12/31/2012 worth $38,270,657. This brought the portfolio total to 0.58%.

Blackrock Institutional Trust Company N.A. held 665,440 shares on 12/31/2012 worth $34,842,439. This brought the portfolio total to 0.01%.

Thornburg Investment Management Inc. held 552,813 shares on 12/31/2012 worth $28,945,289. This brought the portfolio total to 0.13%.

Btim Corp. held 442,739 shares on 12/31/2012 worth $23,181,814. This brought the portfolio total to 0.47%.

Tiaa Cref Investment Management LLC. held 410,468 shares on 12/31/2012 worth $21,492,105. This brought the portfolio total to 0.02%.

Apex Capital LLC. held 388,000 shares on 12/31/2012 worth $20,315,680. This brought the portfolio total to 1.6%.

State Street Corp. held 383,287 shares on 12/31/2012 worth $20,068,908. This brought the portfolio total to 0.0%.

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