Tag Archive for board of directors

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Ominto, Formerly DubLi, Establishes New Board Of Directors

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Ominto, Inc. (OTC PINK: OMNT), the global leader in online Cash Back shopping, today announced that it has established a Board of Advisors to provide strategic direction for the growing global company.
These six industry veterans, including Michael Lohner, Enoch Palmer, Ajay Pahwa, Bill Flury, Stephan Little and Brad Thatcher, will serve as ongoing advisors to the company’s management team and Board of Directors.

“The individuals making up the Board of Advisors have decades of combined experience and valuable insight in working for a variety of business growth and operational disciplines that directly affect Ominto,” said Ivan Braiker, Ominto’s President and CEO.
“In putting together this group of talented individuals, we saw an opportunity to build a qualified team of experienced leaders who are experts in specific skill sets that will help our company

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DubLi Appoints New Board Of Directors, Appoints Chairman, And New Name

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DubLi, Inc. (otc pink:DUBL), a global Cashback rewards and value-based travel, shopping and entertainment platform, today announced the appointment of six new Directors and a new Chairman of the Board. The new appointments made by DubLi’s majority shareholder expand the Board to seven members, of which five will be independent Directors.
The new Board will be seated approximately 20 calendar days after mailing of information statement to all stockholders in accordance with SEC regulations. Also, the Company is changing its corporate name from DubLi, Inc. to Ominto, Inc.

“I am pleased to announce the appointment of a world class board of seasoned leaders to support our global business plans,” said Michael Hansen, DubLi’s President and Chief Executive Officer and majority shareholder. “The new board brings together highly complementary skill sets of strategic capital

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DSA Appoints Steve Tew To Board

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The American Direct Selling Association has appointed 4Life President and CEO Steve Tew to its Board of Directors. The Board of Directors is a group of distinguished executives who share a three-year term to guide the efforts of the DSA.
The DSA works with Congress, numerous government agencies, and consumer protection organizations to lobby on behalf of its member companies, ensuring appropriate representation under the law.
Steve Tew ’s assignment, which will be announced at the DSA Annual Meeting in San Antonio, Texas, in June, came following a vote for new Officers and Directors that took place earlier this year.

“As a member of the Direct Selling Association’s Board of Directors, I am committed to addressing the issues that are significant to home-based business builders,” said Steve Tew.

Steve Tew also holds a seat on the World

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DubLi Makes Major Move With Board Of Directors

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DubLi announced on April 21st that it will not re-elect principal board members, Blas Moros (former Chairman of the Board), Lester Rosenkrantz, and David Sasnett. This comes as a big surprise to the public as these members were not only primary board members and very present in the company’s day-to-day actions, but this move also leaves Michael Hansen, CEO, the sole member. 
A reason as to the change has not been disclosed. Everything else at this point would be speculation. This, however, comes on the heels as several top distributors have left the company in recent weeks. 
About Dubli
DubLi, Inc. has created a framework for attracting and maintaining consumers through a web based shopping and entertainment community. The foundation of DubLi is based on innovative technology, a global platform and an expertise in understanding

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Medifast Board Of Directors Under Investigation

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Kirby McInerney LLP is investigating potential claims against the Board of Directors of Medifast, Inc. (“Medifast” or the “Company”) (MED) concerning the improper compensation of the Company’s executives.
Medifast’s key executive compensation increased drastically from approximately $2.12 million in 2012 to approximately $12.11 million in 2013. This is an especially significant increase given the fact that key executive compensation was under $2 million for each year from 2009 to 2011. While the key executive compensation has increased dramatically, there has not been any significant increase in the Company’s stock price.
If you are a Medifast stockholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at bwalker@kmllp.com, or telephone at (212) 699-1145, Melissa Fortunato, Esq. by email at mfortunato@kmllp.com, or telephone at (212) 699-1141, or toll free at (888) 529-4787
Kirby McInerney LLP is a New York-based law firm concentrating in securities, whistleblower, antitrust and consumer litigation. 

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Mannatech Elects Eric W. Schrier to Board Of Directors

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Mannatech Incorporated, the pioneer of nutritional glycobiology, and leading innovator of naturally-sourced supplements based on Real Food Technology® solutions, and creator of the M5MSM (Mission 5 MillionSM) social entrepreneurial movement, announced the appointment of Eric W. Schrier to the Board of Directors, effective October 28, 2014.
Stanley J. Fredrick, Chairman of the Board of Mannatech, Incorporated, commented, “Mr. Schrier brings a wealth of valuable experience in digital and print media, customer acquisition, and direct selling.”
Mr. Schrier, age 62, served as President and CEO of The Reader’s Digest Association where he was responsible for $2.4 billion in revenue and 4,500 employees and more than 100 million customers in 70 countries during his tenure from January 2006 to March 2007. Since June 2013, he has served on the Board of Directors as Chairman for Edible Media, a multi-platform media company in the farm-to-table food space.
He currently serves on the Boards of Directors for TEN (The Enthusiast Network) (since January 2011), American Chemical Society (since June 2012), Reader’s Digest Association (since April 2014), and MeQuilibrium (since October 2011). He has previously served on the boards of Willow House (from July 2009 to December 2013), Demdex Corp (from July 2009 to January 2011), and Bonnier

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Blyth, Inc Changes Around Board Of Directors

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Blyth, Inc. (BTH), a direct to consumer company and leading designer and marketer of candles and accessories for the home, as well as health & wellness products sold through the direct selling and direct marketing channels, today announced the retirement of Neal I. Goldman from its Board of Directors.  The company also announced the election of Jim Williams, President, Chief Executive Officer and Managing Partner of Karlen Williams Graybill Advertising, Inc. to its board.  The election is effective immediately.
Mr. Goldman, age 69, who is a member of the Compensation and the Nominating and Corporate Governance Committees, has been a director since 1991.  He is the President of Goldman Capital Management, Inc., an investment advisory firm.
Robert B. Goergen, Jr., Blyth’s Chief Executive Officer, commented “Neal has been an outstanding director for over two decades and his knowledge of the financial markets has been instrumental in shaping our thinking.  I would like to thank Neal for his dedicated service over the years.”
“We are delighted to welcome Jim to the board,” Mr. Goergen continued.  “Jim brings leadership, strategy and a strong knowledge of marketing, social media and global consumer insight.  I look forward to the new perspective that Jim brings to the Company.”
Mr.

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Avon Elects New Board Member, Helen McCluskey

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Avon Products, Inc. (AVP) today announced that its Board of Directors has elected Helen McCluskey to the Board, effective July 1, 2014. Ms. McCluskey’s election increases Avon’s Board to 11 Directors.

Most recently, Ms. McCluskey, age 59, was the President and Chief Executive Officer of Warnaco Group, Inc. and a member of the Warnaco Board of Directors from February 1, 2012 through February 13, 2013. Upon the acquisition of Warnaco by PVH Corp. in February 2013, Ms. McCluskey joined the Board of Directors of PVH.  Her tenure at PVH ends on June 19.  In her role at Warnaco, she focused on the company’s brand portfolio, strategic direction and the execution of its long-term growth plan.

“Helen has a valuable blend of branding, marketing and international experience,” said Doug Conant, Chairman of Avon’s Board of Directors.  “Having led a public company previously, she brings a wealth of knowledge to Avon’s Board and we are excited to welcome her.”

“I am very pleased to be joining the Avon Board,” said Ms. McCluskey. “I’m confident in the company’s leadership and am excited to join them on the journey to return Avon to profitable growth.”  

“I’m delighted that Helen is joining the Avon Board,” said Sheri McCoy, Avon’s Chief Executive Officer.  “She has an incredibly strong background in women’s brands globally and rich merchandising expertise.  I know she will contribute valuable insight as a Director.”

Ms. McCluskey joined Warnaco in 2004, where she served as Group President, Intimate Apparel. In June 2007, she also assumed global responsibility for Warnaco’s swimwear brands. In 2010, she was named Chief Operating Officer, adding to her responsibilities oversight of the Calvin Klein Jeans brand, as well as all of Warnaco’s international business and the global supply chain and sourcing operations. She expanded the Calvin Klein Underwear business, doubling revenue in a four-year period, and was instrumental in key product launches, including Calvin Klein Steel, Calvin Klein X and ckone. In 2012, she was named President and CEO of the company.

Prior to joining Warnaco, Ms. McCluskey served as Group President of the Moderate Women’s Sportswear division and President of Special Markets for Liz Claiborne Corporation from 2001 through 2004. Previously, she spent 18 years in Sara Lee Corporation’s intimate apparel units, where she held executive positions in marketing, operations and general management, including President of Playtex Apparel from 1999 to 2001. She began her career at Firestone Tire & Rubber Company.  She is a director of Signet Jewelers Limited.

Ms. McCluskey attended the University of Pittsburgh, where she graduated with a B.S., Mathematics in 1976.

About Avon

Avon, the company for women, is a leading global beauty company, with $10 billion in annual revenue. As one of the world’s largest direct sellers, Avon is sold through more than 6 million active independent Avon Sales Representatives. Avon products are available in over 100 countries, and the product line includes color cosmetics, skincare, fragrance, and fashion and home products, featuring such well-recognized brand names as Avon Color, ANEW, Skin-So-Soft, Advance Techniques, and mark.

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