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Medifast Finalises Board Members After Activist Investor Shakeup

 
Medifast Inc. will complete its board overhaul by nominating as directors a former Avon executive and the president of alternative medicine supplement company Healthy Directions.
The moves come to satisfy activist investor Glenn Welling, who pushed Owings Mills-based weight-loss company Medifast (NYSE: MED) at the beginning of April to revamp its board. Welling owns 6% of Medifast through his California-based company, Engaged Capital LLC, and used his influence to shrink the company’s board of directors to nine people while removing eight existing directors.
In April, Welling and Medifast agreed to keep four directors and add three new directors. But they still had to agree on two more new directors. Those directors will be Scott Schlackman and Connie Hallquist, the company said Thursday.
Schlackman has experience in the direct-selling industry that makes up much of Medifast’s business. He held several executive roles for

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JAFRA Cosmetics Names New President of Brazil & S.America

 
Lasaro do Carmo Jr. has joined JAFRA Cosmetics International as President of JAFRA Brazil and South America. He will lead JAFRA Brazil’s growth as well as help JAFRA expand further within South America. He will report to Mauro Schnaidman, President and CEO of JAFRA Worldwide.
Do Carmo brings with him a wealth of experience in both the cosmetics and the direct selling arenas. His career began in the French pharmaceutical company Sanofi-Aventis. In his most recent role as acting CEO of a Brazil-based direct seller, his leadership and strategic management led the company towards significant growth in sales and revenue. In various senior positions at another direct seller in Brazil and Argentina, do Carmo also played a major role in areas such as commercial sales, marketing, operations and training.
His experience, coupled with strategic

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