Tag Archive for CEO

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My Advertising Pays (MAPS) Closes USA Market

by Ted Nuyten • October 16, 2015 • 0 Comments

According to an email from founder Mike Deese to it’s 200,000 members, My Advertising Pays (MAPS) has closed down the USA market. The official reason is a decline in the USA :

“We have battled with this decision. After careful consideration and extensive consultation with our Legal Team, MAP Executives, Tax Advisors, Financial Advisors and European MAP Leaders, we have unfortunately decided to completely pull out of the American marketplace.

The decision comes on the heels of a declining marketplace in the US for our company. It simply isn’t profitable for us to remain engaged there. Over 90% of our business already comes from Europe, while we are catering to the US members by operating in US currency.
It doesn’t make good business sense to continue operating in a place and expending valuable resources

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William Faucette Named CEO Of 5LINX

by Ted Nuyten • October 3, 2015 • 0 Comments

5LINX Enterprises, ranked the fastest-growing privately-held company in Rochester in 2013, has named William Faucette, Jr as its new CEO.
Mr. Faucette replaces Mr. Craig Jerabeck, who has stepped down after 14 years of service.
“This is very good news for our company and the Greater Rochester community,” said Jeb Tyler, who co-founded 5LINX in 2001, along with Mr. Jerabeck and Mr. Jason Guck.
“It is a brand new day for our company, and we expect to continue growing, continuing to expand internationally, and continuing to create new jobs in Rochester.”
Mr. Faucette is a 1991 graduate of Stanford University, and previously served as Chief of Staff for the City of Rochester under Mayor William Johnson. In that capacity as the third ranking official in city government, he was the youngest senior manager in

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Melaleuca’s CEO In The Midst Of The Presidential Race

by Tina Williams • September 12, 2015 • 0 Comments

Idaho isn’t known for attracting political powerhouses during presidential races. However, what it lacks in clout, it makes up for being home to one of the GOP’s wealthiest donors.
Frank VanderSloot, founder and CEO of health care products company Melaleuca based in Idaho Falls, was a critical fundraiser for former Republican presidential candidate Mitt Romney’s campaign during the 2012 election. Now he’s being courted by GOP presidential candidates eager to benefit from VanderSloot’s successful fundraising reputation.

“It was surely a lot easier four years ago,” he told The Associated Press. “There was a clear front runner to get behind. Romney was head and shoulders above the rest of the field … I surely have who I think will be the best president in my mind. But the question is, can they get elected? If

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Amway Looks To Work With Authorities After Recovering From Arrest of A CEO

by Tina Williams • September 4, 2015 • 0 Comments

Direct seller Amway India is looking to put behind it controversies stemming from the arrest of its top leadership over allegations related to various irregularities and regain growth momentum while charting out a new phase of engagement with the government.
Anshu Budhraja, the Rs 1,900-crore direct selling firm’s first India head in 16 years, said his immediate priority is to engage with the government constructively and take Amway forward from what he said is a “point of inflexion for the next growth phase.”

Amway has consistently denied any wrongdoing on its part. “An Indian leader understands the sensitivities of Indian culture,” Budhraja said in an interview. “He has the benefit of growing up and being part of system. It’s very simple… the way an Indian will interact with key stakeholders will be different from what a

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Sheri McCoy – Avon CEO Interview

by Ted Nuyten • August 30, 2015 • 0 Comments

Sheri McCoy was named in April 2012 as the CEO of Avon Products. In 2014, McCoy ranked #27 on Fortune magazine’s “50 Most Powerful Women in Business” list, which she has been on since 2008
Sheri is at the helm of almost $9 billion in annual sales and Avon has a sales force of 6 million direct selling Representatives in nearly 100 countries, 30,000+ employees worldwide.
The company has empowered and inspired women for nearly 130 years. Sheri lives in New York, USA, is married and has 3 children.
As a scientist, Sheri holds a Bachelor of Science degree in textile chemistry from the University of Massachusetts, Dartmouth, USA a master’s degree in chemical engineering from Princeton University, and an MBA from Rutgers University and holds four U.S. patents.
Ted Nuyten had the honor to interview

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Cindy Monroe: CEO Of $650 Million Thirty One Gifts

by Tina Williams • August 12, 2015 • 0 Comments

Creating a new business outlet for busy moms while also appealing to working women who can’t shop during the day eventually landed Monroe on Forbes’ list of “8 Self-Made Women To Watch In 2015,” alongside Sandra Bullock and Jessica Alba, where her worth was estimated at $200 million.

The founder, president and CEO of Thirty-One Gifts has built her personalized purse-and-bag empire by understanding and appreciating what women want and need. As noted on the company’s website, “Thirty-One was founded on the simple premise of empowering women by giving them the opportunity to own their own business.”

Monroe’s success has been enhanced by also being able to tap into others’ expertise to help her develop as a woman business owner.
As Thirty-One Gifts looks to grow well past the billion-dollar revenue mark, Monroe put together

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Herbalife Retaliates With A Website Attacking Bill Ackman

by Tina Williams • June 2, 2015 • 0 Comments

Herbalife Ltd. went on the attack against nemesis Bill Ackman on Monday, debuting a website that paints the billionaire hedge fund manager as an irresponsible opportunist.
Therealbillackman.com includes media reports about legal probes into his anti-Herbalife campaign as well as videos detailing Ackman’s investment failures. The counterpunch comes more than two years after Ackman started a site called factsaboutherbalife.com to aid his campaign accusing Herbalife of running an illegal pyramid scheme.

“When Bill Ackman’s wrong, he’s really wrong,” one video caption on Herbalife’s website reads. Another asks, “Really, Bill?”

Herbalife’s new site is its most public response yet after plenty of maneuvering behind the scenes. The company overhauled its lobbying and public-relations staffs and hired outside help to bolster its image amid federal and state probes into its business practices. The company has repeatedly denied Ackman’s allegations.
Ackman didn’t

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doTERRA Recognized As Best Of State

by Tina Williams • May 28, 2015 • 0 Comments

On Saturday, thousands of businessmen and businesswomen filled the Salt Palace Convention Center Ballroom to honor Utah companies receiving the Best of State Awards. One of the companies recognized at the black tie event was doTERRA International, LLC, based in Pleasant Grove, Utah.
doTERRA received the Best of State Award for Essential Oils/Botanicals in the Merchandising and Consumer Services Category, making it the only essential oil company recognized at the Gala.
The Best of State Awards were created to recognize the people, organizations, and businesses that are achieving, innovating, and improving the quality of life in Utah. Judges review submitted material and online nominations, and assign three separate scores to each nominee, for a total of 100 possible points.
Fifty percent of the points are for overall achievement and excellence in service, products, or performance.

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Roger Langille – DS Domination CEO Steps Down

by Ted Nuyten • May 6, 2015 • 0 Comments

Roger Langille, CEO of DS Domination has stepped down. DS Domination website services offer instructional videos and articles to operate an e-commerce business.
On his facebook he stated:
“It is with an extremely heavy heart that I must announce I will be leaving DS Domination effective immediately. I have spent the recent weeks contemplating this decision, all the while carrying out regular activities ( webinars etc). For me it all boiled down to whether or not I was leaving you in capable hands with the ability to help you grow your existing business’ .
I had several guest speakers, and snuck onto many team webinars to look over their shoulders. It was then that I once again realized the power of this product. You see in any other business, the leadership usually focused on

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Avon Having Trouble Getting Rid Of North American Business, Sales Plummet

by Tina Williams • May 5, 2015 • 0 Comments

Avon shares slid by more than 7% on Tuesday to around $7.53 a share.
Last month, the stock surged by more than 15% after the Wall Street Journal reported that it is exploring “strategic alternatives” for its North American business, meaning the company is looking for ways to improve its competitiveness.
The initial report from WSJ said the company is looking to sell some or all of this unit. But according to a New York Post story published late Tuesday, this process isn’t going very well.
The Post reported that companies interested in buying out Avon are losing interest because they are struggling to finance an offer.

The Post quotes one hedge fund investor as saying: “All in all, I don’t see a deal happening unless Avon basically gives away its North America business for essentially nothing.”

Avon also reported weak first-quarter results last

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