Medifast Chief Executive Officer Dan Chard will now also serve as the company’s new executive chairman. Chard will replace former non-executive chairman Michael MacDonald, who spent more than twenty years with the company.
Chard has helped lead the company with historic revenue levels since beginning his role as CEO in October 2016. Part of his responsibility has included overseeing the continued development of the company’s coach-led branch, OPTAVIA, which has been the driving force behind the company’s record revenues. Chard will continue in his role as Medifast’s CEO.