LifeVantage Corp. announced Monday that President and CEO Douglas Robinson has resigned from the company, ending a tenure that began in 2011.
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ItWorks! CEO Donates $3 Million To Michigan State University
by Tina Williams • • 0 Comments
Michigan State received a $3 million gift that will help support the men’s basketball program, according to a release from the university Thursday.
Mark and Cindy Pentecost’s donation will be used to update the men’s basketball offices, practice facilities and “establish an endowment for continued facility improvements,” according to the release.
The gift is one of the largest ever to Michigan State athletics, and is the third gift of $3 million or more received by the athletic department since the October 2014 public launch of the Empower Extraordinary, which according to the release is “enabling MSU athletics to build championship-level facilities, increase endowment support and elevate annual giving.”
“For many Spartans around the world, the men’s basketball program has been a source of pride and an engine of opportunity not only for the student-athletes in the program, but for the overall student experience on campus,” MSU President Lou Anna K. Simon said in the release. “We are so grateful to Mark and Cindy Pentecost for their vision and commitment to help us give ‘Team MSU’ the opportunity for continued excellence.”
Mark Pentecost is the president and CEO of It Works!, a direct-selling company that offers beauty and wellness products. He is a former teacher
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Mary Kay Named Official Beauty Sponsor For 2015 ‘ACM Awards’
by Tina Williams • • 0 Comments
The Academy of County Music (ACM) has announced its partnership with Mary Kay as the official beauty sponsor for the 2015 “ACM Awards.”
“We are excited to partner with a Dallas icon and legendary beauty brand, Mary Kay, as we prepare for the largest celebration in Country music history,” said ACM SVP/Brand Integration and Strategic Partnerships, Teresa George.
“Music fans turned out in droves when tickets went on sale for the events and quickly became the fastest selling in the Academy’s history with 65,000 tickets sold in just 18 minutes. We’re looking forward to a warm welcome from Mary Kay and thousands of Country music fans in north Texas.”
The “50th Annual ACM Awards” will air live from AT&T stadium in Arlington, Texas at 8p (ET/delayed PT) on SUNDAY, APRIL 19th on CBS-TV.
About Mary Kay
Mary Kay, Inc. is an American privately owned multi-level marketing/direct sales company that sells cosmetics products. According to Direct Selling News, Mary Kay was the sixth largest direct selling company in the world in 2011, with net sales of USD 2.9 billion.
Mary Kay is based in Addison, Texas, outside Dallas. The company was founded by Mary Kay Ash in 1963. Richard Rogers, Mary Kay’s son, is the chairman, and David Holl is president and was named CEO in 2006.
Originally reported
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Ally names successor to the retiring CEO Michael Carpenter
by Successful IBO • • 0 Comments
Auto financing company Ally Financial says that Michael Carpenter, who became the company’s CEO about a year after Ally was bailed out by the federal government, is retiring and stepping down from the board of directors.
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Utah lawmaker revives proposal to raise smoking age
by Successful IBO • • 0 Comments
A Utah lawmaker has revived a proposal to raise the age for legal tobacco purchases to 21, despite the bill’s failure in the Senate last year.
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Hawaii County Council considers offer of free legal help
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The Hawaii County Council is scheduled to consider an attorney’s offer for free legal representation to defend its new law restricting genetically modified crops.
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Best Apps for Business Travel
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Instead of managing every aspect of your business trip, why not let your smartphone do some of the heavy lifting?
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It Works! Founders Donate $3 Million to Michigan State Athletics
by mbeeman@directsellingnews.com • • 0 Comments
It Works! may have relocated its corporate headquarters from Michigan to Florida, but Founders Mark and Cindy Pentecost are still Spartans fans.
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FSB appeals to government once more about the impact of late payment on small companies
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The Federation of Small Businesses (FSB) has called for an independent inquiry into the UK’s poor payment culture.
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LifeVantage CEO Douglas C. Robinson Resigns
by Ted Nuyten • • 0 Comments
LifeVantage Corporation (LFVN) announced today the appointment of Dave S. Manovich, an independent director of the Company, as Executive Vice Chairman, effective immediately.
The Board and Douglas C. Robinson mutually agreed that Mr. Robinson will step down from his role as President, Chief Executive Officer and Board Member, effective immediately. The Board has formed a search committee to identify a qualified candidate to serve as the Company’s next CEO.
Furthermore, the Board has created an interim Office of the President consisting of LifeVantage’s Senior Operational Officers to provide seamless leadership continuity and continued execution across the Company’s strategic initiatives and oversee day to day operations. Dave Manovich will oversee the Office of the President and manage the strategic and tactical direction of the Company’s operations until a new CEO has been appointed.
The Interim Office of the President will be made up of Shawn Talbott (Chief Science Officer), David Phelps (Chief Sales Officer), David Colbert (Chief Financial Officer) and Bob Urban (Chief Operating Officer). Additionally the other members of the senior executive team, Rob Cutler (General Counsel and Corporate Secretary) and Michelle Oborn (Vice President of Human Resources), will also report directly to Dave Manovich.
“On behalf of the entire company, I would