OWINGS MILLS, Md., May 13 /PRNewswire-FirstCall/ -- Medifast, Inc.
(NYSE: MED), a leading portion-controlled weight loss program, today
announced that Barry B. Bondroff, CPA has been named to the Board of
Directors. Bondroff, currently a Senior Managing Director with SMART, a
diverse team of business advisory professionals founded in 1988, brings
over 35 years of experience providing companies of all sizes and industries
with practical and cost-effective accounting, assurance, tax, business,
technology and financial advisory services.
"Medifast is very proud to be adding someone of Barry's caliber and
expertise to our Board of Directors," said Brad MacDonald, Chairman of the
Board, Medifast, Inc. "He brings over 35 years of financial advisory
experience as well as countless local affiliations serving numerous
companies and causes in the Baltimore area."
Prior to managing SMART, Bondroff was the Managing Partner for Grabush,
Newman & Co., P.A., which combined with SMART in May 2003. Bondroff began
his career with Grabush Newman in 1970, and in 1976 became Officer and was
promoted to Managing Partner in 1982. He earned his Bachelor of Science
degree in Accounting from the University of Baltimore.
Bondroff also serves on the Board of Directors for the publicly traded
First Mariner Bank of Maryland, a NASDAQ listed SEC registrant. Bondroff is
active with First Mariner serving on the Executive Committee, Loan
Committee, Audit Committee and as Chairman of the Compensation Committee.
First Mariner was a start-up bank that demanded detailed oversight by
Bondroff and all Board members.
Including First Mariner, Bondroff has extensive bank experience,
serving on the leadership team responsible for the first bank proxy battle
in the country resulting in the successful takeover of The Bank of
Baltimore, a NYSE listed SEC registrant. In that capacity Bondroff was
actively involved in rebuilding the bank and providing oversight and
governance in transition.
In addition to his professional affiliations, Bondroff served on the
Executive Committee for Israel Bonds and was a Director of Cycle Across
Maryland. Bondroff has served the National Jewish Medical and Research
Center, the Jewish Center for Business Development and has assisted the
Baltimore Symphony Orchestra in its fundraising efforts. In addition, Barry
was a past President and Treasurer of the Edward A. Meyerberg Northwest
Senior Center, and also served as a Member of the Board of Directors for
the Levindale Hebrew Geriatric Center and Hospital.
MED-G
About Medifast:
Medifast (NYSE: MED) is the leading easy-to-use, clinically proven
portion-controlled weight loss program. Medifast has been recommended by
15,000 physicians and used by over one million customers. It is committed
to enriching lives by providing innovative choices for lasting health.
Medifast programs have been proven effective through studies by major
university teaching hospitals. The company sells its products and programs
via four unique distribution channels: 1) the web and national call
centers, 2) national network of physicians, 3) medically supervised
Medifast Weight Control Centers, and 4) the Take Shape For Life
direct-selling division, a network of health coaches. Medifast was founded
in 1980 and is located in Owings Mills, Maryland. For more information log
onto http://www.choosemedifast.com/.
SOURCE Medifast, Inc.
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Related links:
http://www.choosemedifast.com
CONTACT:
Brian Gleason of Medifast, Inc.,
+1-410-504-8260, bgleason@choosemedifast.com
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