Johnson will then transition to the role of executive chairman.
Additionally, the nutritional-supplements company posted mixed results for the 2016 third quarter this afternoon.
After the market close, Herbalife reported adjusted earnings of $1.12 per share on $1.12 billion in revenue. Analysts surveyed by FactSet were looking for adjusted earnings of $1.09 per share on $1.14 billion in revenue.
Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C.
Herbalife's strengths such as its notable return on equity, revenue growth and good cash flow from operations are countered by weaknesses including deteriorating net income and generally higher debt management risk.
You can view the full analysis from the report here: HLF
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.