In the wake of L Catterton’s substantial $680 million acquisition of Thorne HealthTech in October, the distinguished Colin Watts, former CEO of Vitamin Shoppe, has been appointed to lead Thorne HealthTech into its next phase. Simultaneously, this strategic move aligns with the departure of current CEO Paul Jacobson, who is slated to head the newly formed Thorne Ventures, a dedicated entity for groundbreaking research and development in scientific wellness breakthroughs.
Dual-Unit Dynamics: Thorne HealthTech’s Innovative Structure
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Thorne HealthTech, celebrated for its at-home health tests and an extensive array of supplements addressing various health dimensions, including sleep, fertility, stress, and gut health, is set to maintain a dual-unit organizational structure. Within this framework, Watts assumes leadership at Thorne HealthTech, while Jacobson spearheads Thorne Ventures. The collaboration between these units is poised to ensure a seamless and integrated approach.
Leveraging a wealth of industry insight, Colin Watts, recognized for his leadership role as Vitamin Shoppe’s CEO from 2015 to 2018, brings a seasoned perspective to Thorne HealthTech. His professional journey encompasses pivotal positions such as president of Weight Watchers Health Solutions, chief innovation officer at Walgreens, and global operating president at McNeil Nutritionals and Consumer Healthcare within Johnson & Johnson.
Thorne Ventures: Pioneering Wellness Breakthroughs
Paul Jacobson, a foundational figure in Thorne’s history, will transition into directing Thorne Ventures, a visionary initiative dedicated to exploring and identifying groundbreaking products and services within the wellness sector. Jacobson, instrumental to Thorne’s growth, has served on its board of directors since 2010 and co-founded Onegevity Health, LLC, seamlessly integrated into Thorne in 2021.
In the midst of these organizational changes, Thorne’s Chief Operating Officer, Tom McKenna, with a commendable 14-year tenure, will continue to play a pivotal role. Thorne, with a robust customer base exceeding five million, has made a significant impact, particularly within professional athlete circles, boasting partnerships with over 100 professional sports teams and various U.S. National Teams.
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