Herbalife Nutrition's Chief Operating Officer, Richard P. Goudis (Right In Picture) Will Become CEO Of Herbalife Nutrition When Current Chairman And CEO, Michael O. Johnson (Left In Picture) Transitions To Executive Chairman On June 1, 2017 (Photo: Business Wire)
Global nutrition company Herbalife Ltd. (NYSE: HLF) ("Herbalife Nutrition" or "the Company") today announced that consistent with the Company's planned succession strategy, Michael O.
Global nutrition company Herbalife Ltd. (NYSE: HLF) ("Herbalife Nutrition" or "the Company") today announced that consistent with the Company's planned succession strategy, Michael O. Johnson, Herbalife Nutrition's chief executive officer (CEO) since 2003 and chairman since 2007, will transition to the role of executive chairman of the Company, effective June 1, 2017. At that time, Richard P. Goudis, currently chief operating officer (COO), will succeed Mr. Johnson as CEO. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20161101006764/en/
Herbalife Nutrition's chief operating officer, Richard P. Goudis (Right in picture) will become CEO of Herbalife Nutrition when current chairman and CEO, Michael O. Johnson (Left in picture) transitions to executive chairman on June 1, 2017 (Photo: Business Wire)
"Over the past 13 years, Michael's incredible vision, leadership and passion for Herbalife Nutrition's mission have strengthened the Company's global leadership, expanding our positive impact on the health and wellness of millions of people in more than 90 countries," said Jeffrey T. Dunn, lead independent director of Herbalife Nutrition's Board of Directors. "Michael has skillfully led the Company through a period of significant expansion, quadrupling annual net sales from $1.1 billion to $4.5 billion over the course of his tenure and deepening relationships with distributors and customers around the world. As we move through this planned leadership transition process, we look forward to Michael's ongoing involvement with the Company as executive chairman, where his talents, experience and judgment will continue to help guide the Company and deliver value for shareholders." "It is a privilege to lead this remarkable company and work with our extraordinary management team, employees and distributors to reach the position of strength we are in today," said Mr. Johnson. "Our mission of improving people's nutrition and health is what attracted me to Herbalife Nutrition more than 13 years ago, and I am extremely proud that we have made incredible strides in bringing our mission to bear around the globe. I look forward to continuing to advocate the importance of good nutrition, which is at the heart of my new role."