Primerica, Inc. announced that its Board of Directors has promoted Glenn J. Williams, currently the company’s President, to Chief Executive Officer and also elected him to the Board, effective April 1, 2015.
The current Co-Chief Executive Officers, D. Richard (Rick) Williams and John A. Addison Jr., will remain members of the Primerica Board. In their new roles, Rick Williams, who has been with Primerica since 1989, will be non-executive Chairman of the Board and John Addison, who has been with the company since 1982, will be non-executive Chairman of Primerica Distribution.
The Board also announced that it has promoted Peter W. Schneider to the position of President, also effective April 1, 2015.
“Glenn has served as our ‘right hand man’ for the past 10 years and we are confident that he is the ideal leader to take the helm of our company and continue our growth trajectory.” said Rick Williams. “He possesses tremendous depth of understanding of our sales force and for many years has successfully overseen marketing for all Primerica business lines. He has valuable experience running our Canadian operations and leading Primerica’s overall management team, and he has been at the forefront of our most successful initiatives.”
John Addison said, “One
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Foru International Appoints New CEO
by Ted Nuyten • • 0 Comments
Foru International, the leader of personalized health, beauty and wellness products and subsidiary of foru Holdings, Inc. (OTC: FORU), is pleased to announce that seasoned MLM and direct selling executive Sharon Morgan Tahaney has returned to the Foru team as the new President.
“We are beyond thrilled to have someone with Sharon’s experience, passion, and marketing know-how lead the foru team,” said Gil Peter, Founder, foru International. “Sharon’s proven track record of operational excellence and remarkable leadership capabilities will allow us to further our premium skincare and nutrition products.”
Sharon grew up in a direct selling family and has worked with direct selling companies from both the field and corporate office for more than two decades. She has experience with both start-ups and billion dollar corporations.
Sharon spent eleven years with Tupperware, most recently as Sr. Vice President of Leadership Development. Sharon also served as a creative resource for more than eight years for Mary Kay and was one of the few authorized to write a book for Mary Kay about Mary Kay Ash. Sharon has authored four personal finance books for independent entrepreneurs and a strategy book for direct selling executives.
“Connecting innovative products to consumers through passionate and committed entrepreneurs has
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4Life CEO Attends WFDSA World Congress
by Nicole Dunkley • • 0 Comments
4Life Research President and CEO Steve Tew recently returned from Rio de Janiro, Brazil, where he participated in the World Federation of Direct Selling Associations (WFDSA) World Congress XIV.
The WFDSA is a non-governmental organization that represents the direct-selling industry as a federation of national Direct Selling Associations. Membership consists of 58 national Direct Selling Associations and one regional federation, the Federation of European Direct Selling Associations. Tew is among a handful of industry CEOs who sit on the WFDSA CEO Council.
In the United States, the DSA’s (Direct Selling Association) mission is to protect, serve, and promote the effectiveness of direct selling companies and the independent business people they represent.
Tew: “The DSA mission is a commitment that 4Life pledges to uphold on behalf of independent distributors wherever they conduct business, which is why 4Life is a good-standing member of more than a dozen Direct Selling Associations around the world.
In 2014, 4Life was granted DSA membership in Brazil (ABEVD) and Italy (Avedisco).
4Life has offices on five continents to serve a global network of independent distributors through science, success, and service.
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Bill Keep’s Open Letter To Warren Buffett On MLMs
by Tina Williams • • 0 Comments
Now that Pampered Chef, the multi-level marketing company owned by Berkshire Hathaway Inc., has a new CEO, MLM expert and dean of the College of New Jersey School of Business Bill Keep is hoping to get some support in setting clearer standards on what is or is not a pyramid scheme.
To do that, he’s published a letter that he sent to Warren Buffett earlier this year, with no response, possibly hoping to get the attention of the Pampered Chef CEO Tracy Britt Cool.
“I ask that you consider, as an owner of an MLM company, the value of having clear and public standards that differentiate a legal MLM from a pyramid scheme,” Bill Keep wrote in the letter, dated August 25, which he tweeted today. “Should you conclude that such standards are important to protect consumers and investors, I ask that you publicly address the issue.”
Bill Keep: No standard for what separates MLM and pyramid schemes
As Bill Keep and others have explained before, when you’re trying to figure out if a company is a legal MLM or apyramid scheme, the central question is whether their revenue comes from primarily from selling goods or from recruitment. But more sophisticated pyramid schemes also make some amount
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Zeek Rewards CEO Pleads Not Guilty To Scam
by Tina Williams • • 0 Comments
A North Carolina man accused of being the mastermind of an $850 million Ponzi scheme pleaded not guilty Thursday to multiple federal charges of fraud and conspiracy.
Paul Burks, the founder and CEO of the ZeekRewards penny auction site, was arraigned before U.S. Magistrate Judge David Cayer at the federal courthouse in Charlotte. In late October, a grand jury indicted Burks on charges of wire, mail and tax fraud, and conspiracy.
Burks said nothing during his brief appearance in court. His plea was entered by his attorney, Noell Tin. If convicted on all of the charges he faces, Burks, 67, faced 65 years in prison and a $1 million fine. At the conclusion of the hearing, Judge Cayer released Burks on $25,000 bond. No trial date has yet been set. Burks company and its Zeekler.com auction site was shut down by the U.S. Securities and Exchange Commission in August 2012, after the agency concluded it had sold $850 million in unregistered securities.
Prosecutors say Burkes and his conspirators ripped off as many as 1 million investors with promises of big returns and what ultimately turned out to be bogus investments. Burks, who had been accused of pocketing as much as $10 million in investors’ money, agreed to
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Herbalife Director Is Being Charged In Brazilian Embezzlement Case
by Tina Williams • • 0 Comments
A director of U.S. nutrition company Herbalife is among 12 people charged in a years-old Brazilian embezzlement case that has never been mentioned in Herbalife public disclosures, according to court documents and company filings.
Herbalife has become one of America’s most closely-watched companies after billionaire investors William Ackman and Carl Icahn squared off with enormous bets on its future, with Ackman betting on its demise and Icahn on its success.
Prosecutors in Brazil charged current Herbalife board member Pedro Cardoso with money laundering in 2008 for allegedly participating in an embezzlement scheme a decade earlier that siphoned 26.7 million Brazilian reais ($10.4 million) from the state government in Espirito Santo.
The 8th Criminal Court of Vitoria ordered bailiffs to serve him with a subpoena in 2010, but they did not locate him and the case remains open, according to court filings and a court source.
According to the U.S. Securities and Exchange Commission’s rules on disclosure, companies must report legal proceedings that are material to evaluating the integrity of a director. Herbalife has not made the information about Cardoso’s case public, according to proxy statements it has filed since 2009 when Cardoso joined the company’s board.
Cardoso said in a statement dated this week emailed to
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Meet Trévo CEO Mark Stevens
by Nicole Dunkley • • 0 Comments
Despite having started Trévo LLC just four years ago in his home state of Oklahoma, Mark Stevens’ has already seen his company expand to 14 countries, with plans to add to that number in 2015. As Trévo blazes a trail towards its goal of being the next billion-dollar company, the energetic and highly involved CEO can’t help but look back on his unique path to this point.
“Most people in my position would probably say it’s been a bit of a whirlwind, but this has been a long time coming,” Stevens said. “While Trévo is still young in terms of business, the process – the work and the energy – that has brought my family and me to this point began many years ago.”
Stevens’ journey toward the creation of Trévo began years ago when he was a young man of just 16. As he watched his mom experience years of debilitating illness only made worse by countless prescription medications, Mark committed himself to a higher standard of healthy living and helping others to avoid the same kind of health crisis his mother had to endure.
While still in high school, Mark discovered his entrepreneurial spirit and passion for excellence as he became
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Plexus CEO Highlights 4 Strategies To Business Success
by Nicole Dunkley • • 0 Comments
In April, Plexus Worldwide made its debut on the Direct Selling News (DSN) Global 100 list of the world’s largest direct selling companies. In August, Inc. magazine ranked it No. 8 on its Inc. 500 list of the nation’s fastest-growing private companies. In a recent interview with DSN, CEO Tarl Robinson shared some of the key factors he feels have been paramount to that success.
Build a bond with your field.
Plexus prides itself in having a partnership-style relationship with its salesforce of Plexus Ambassadors. Robinson said the company relies heavily on an advisory board of seven Ambassadors, chosen by the company’s top leaders. The executive team is in contact with the advisory board at least monthly, with three in-person meetings each year.
Make quality hires internally.
Because Plexus has made a name for itself in the Scottsdale, Arizona, market as a company with good compensation and benefits packages—not to mention its alluring growth story—the company has had no lack of applicants as it has grown. “It’s a unique and exciting position to be in as a company, that we really get to be selective about who we place in a role and take a lot of time and effort and thought process around
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Tupperware Received Voice For Women Award
by Tina Williams • • 0 Comments
Tupperware Brands Corp. CEO Rick Goings and his wife, Susan, on Sept. 17 received the second annual Voice for Women award for exemplary commitment to women’s economic empowerment.
The couple received the award at the Alice Award Luncheon hosted by the Sewall-Belmont House & Museum.
“The Voice for Women Award recognizes those who consistently speak out about empowering women, and on issues that are important to women — Rick and Susan Goings embody the spirit of this award in everything they do,” said Page Harrington, executive director of the Sewall-Belmont House & Museum.
The Sewall-Belmont House & Museum also honored Sen. Barbara Mikulski with the Alice Award, which pays tribute to trailblazers who have made an outstanding contribution in breaking barriers and setting new precedents for women.
Goings said he was honored to receive the award and that it “only spurs our passion for the cause.”
“At Tupperware Brands, we’ve seen how confident and educated women reshape their communities, and we’re dedicated to helping more women achieve their dreams,” he said.
Orlando-based Tupperware (NYSE: TUP) is a global marketer of premium products across multiple brands through an independent sales force of 2.9 million.
Résumé
Work history: Mr. Goings was recruited to Avon Products in 1985, where he held a number of senior management positions. He joined Tupperware
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Trévo CEO Donates To Nigerian Children’s Charity
by Nicole Dunkley • • 0 Comments
As Trévo President and CEO, Mark Stevens, traveled to Nigeria last month he did much more than present the first ever “Create Your Explosive Team” training. Trévo donated one million Nigerian Naira, about $6,200 USD, to the SOS Children in Nigeria charity. SOS Children is a global charity that has been supporting children, families and their communities to flourish for over 60 years.
Despite Nigeria being oil-rich, hundreds of thousands live in crippling poverty. Crime and HIV/AIDS are on the increase. SOS Children in Nigeria helps vulnerable children stay with their families and where necessary, give them a loving home in one of their SOS Children’s Villages.
Around 15 million children are engaged in child labor, many in very dangerous conditions in Nigeria. Some children work in hazardous industries where they are potentially exposed to toxic fumes and dangerous machinery. About 360,000 children live with HIV/AIDS and this disease is a major cause of the increasing poverty in the country. The child mortality rate stands at 138 per 1,000 live births and around 30 percent of children under the age of five are underweight.
SOS Children is in 133 countries where they have provided long-term care for almost 62,000 children in 547 SOS