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Headquartered in Baltimore, Medifast was founded in 1980 by William Vitale, a medical doctor who provided other doctors with weight-loss products for their patients. The company grew over the years, merging with other health organizations to become a leading health and wellness company.

Daniel Chard, who had previously worked for related companies such as Nu Skin Enterprises, which develops and sells personal care products and dietary supplements, and had a quarter-century of experience in direct selling, marketing and consumer products experience, took over Medifast as CEO in 2016.

Today, Chard is given credit for transforming the company into a leader in the health and wellness industry. Under his leadership, Medifast’s revenue soared 240% to $934.8 million in 2020 from $274.5 million in 2016. Diluted earnings per share have more than quintupled to $8.68 in 2020 from $1.49 in 2016. And in 2020, a pandemic year, revenue surged 31% from a year earlier.

Chard transformed Medifast into an industry powerhouse and top performer. Medifast is now the global company behind one of the fastest-growing health and wellness communities called Optavia, which offers clinically proven plans, support of coaches and a community to help clients achieve health and wellness goals.

I Medifast has twice made Forbes’ annual list of the 100 Most Trustworthy Companies in America.

Chard holds a Bachelor of Arts in economics from Brigham Young University and an MBA from the University of Minnesota.