Consumer >> CEO Interviews >> July 26, 2004

MICHAEL HAGAN – NUTRISYSTEM INC (NSI)

MICHAEL J. HAGAN was appointed Chairman of the Board of Directors and Chief Executive Officer of NutriSystem, Inc., on December 20, 2002. Prior to joining the company, Mr. Hagan was the co-Founder of Verticalnet, Inc., a business-to-business Internet and software company, and held a number of executive positions at Verticalnet since its founding in 1995, including Chairman of the Board from February 2002 to the present, President and Chief Executive Officer from January 2001 to February 2002, Executive Vice President and Chief Operating Officer from January 2000 to January 2001 and Senior Vice President prior to that time. Prior to founding Verticalnet, Mr. Hagan was a Vice President and Senior Manager at Merrill Lynch Asset Management from 1990 to 1995, and worked for Bristol Meyers Squibb from 1988 to 1990. Mr. Hagan is a Director of Verticalnet, Inc., a Director of American Financial Realty Trust, and a Trustee of Saint Joseph's University. Mr. Hagan was a CPA in the State of Pennsylvania (license lapsed). Profile
TWST: Can you start out with a history and overview of NutriSystem?

Mr. Hagan: NutriSystem is one of the pioneers in the weight loss field.

The company was started back in the early 1970s. For