Premier global nutrition company, Herbalife (NYSE: HLF), today announced the appointment of Frank Lamberti to the role of executive vice president and managing director, The Americas and Worldwide Marketing.
In this role, Lamberti will lead global marketing, and will work closely with our distributors and their customers across a region that includes the United States, Canada, South and Central America and Mexico. Lamberti succeeds Miguel Angel Fernandez, who has left the Company to assume the role of president of Avon Products, Inc.
“For more than 12 years, Frank has made a positive impact on Herbalife Nutrition, assuming broader and increasingly more challenging leadership roles covering many key areas of our business,” said Richard P. Goudis, Herbalife Nutrition chief executive officer.
“As a result, he is respected by our distributor leaders, and is highly regarded by our employees and executive team.”
“During his time with Herbalife Nutrition, Miguel made many contributions to the company, and we thank him, and wish him all the best in his new role as president of Avon,” said Goudis.
Lamberti, who has been with Herbalife Nutrition since 2005, was formerly the senior vice president of Strategic Business Initiatives, responsible for overseeing several key initiatives for the Company including oversight of the
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Herbalife Appoints Richard Goudis As CEO
by Ted Nuyten • • 0 Comments
Premier global nutrition company, Herbalife (NYSE: HLF), today announced the official transition of Richard P. Goudis as the new Chief Executive Officer (CEO), in succession to Michael O. Johnson, who will now assume the position of Executive Chairman of the Company.
With his passions grounded in innovation, education and training, Goudis will set the strategy for Herbalife Nutrition, overseeing all aspects of the Company’s growth initiatives and ensuring the Company continues to be recognized worldwide as a leading nutrition company.
Goudis will guide the overall Herbalife Nutrition business strategy in the 94 countries where the Company operates. He will also be responsible for strengthening and increasing the base of Independent distributors and consumers, as well as the development of new product lines with broad scientific support.
“This is an exciting time to be leading such a dynamic team of dedicated professionals who everyday position our company for further innovation and growth. Our talented global distributors bring innovative products to market that help customers live healthy, active lifestyles, truly making us the premier global nutrition company,” said Richard P. Goudis, CEO, Herbalife Nutrition.
Goudis, a recognized leader in the nutrition industry, has more than 18 years of experience in the field of nutrition with 13
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Herbalife 90% Of USA Sales Are Consumer Based
by Ted Nuyten • • 0 Comments
Herbalife today announced that due to the dedication and diligence of its distributors, in May, 90 percent of United States sales were documented purchases by consumers, comprised of more than three million receipted retail transactions.
These results far exceed the 80 percent threshold called for in the Company’s agreement with the U.S. Federal Trade Commission.
The Company also announced that approximately 400,000 customers have converted or signed up as preferred members in the U.S. since the program began in October 2016.
“These figures should put an end to any questions regarding demand for our nutrition products and the strength of our go-to-market business model,”
said Richard P. Goudis, CEO, Herbalife Nutrition.
In the past ten months, Herbalife Nutrition created industry-leading technology and tools in partnership with its distributors to help them efficiently document retail sales.
The flexibility of the tools, built on a robust scalable infrastructure, has allowed the Company to track retail sales of products to end-users thereby allowing the Company to collect new marketing data, such as pricing, buying preferences and consumer purchase trends.
This critical information, most of which is new to the Company, will help create significant competitive advantages as Herbalife Nutrition leverages data analytics to provide enhanced, industry-leading personalized support to its
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Herbalife Q1 Sales Up 1% To $1.1 Billion
by Ted Nuyten • • 0 Comments
“We’ve made a solid start to 2017 exceeding our EPS guidance,” said Michael O. Johnson, Chairman and CEO, Herbalife.
“As we transition this June to our new CEO Rich Goudis and my role as Executive Chairman, we are more resolute than ever in making a profound and lasting effect on the nutritional habits of the world and offering people an opportunity to earn in the process.”
“Healthy living is a growing aspiration for more and more consumers worldwide and we are well positioned to capitalize on this trend. We offer a powerful person-to-person alternative to traditional retail, where consumers give our distributors permission to help them with our extensive range of nutrition products.”
For the first quarter 2017, the company reported net sales of $1.1 billion and volume point growth of 1% compared to the prior year period. China sales and
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Herbalife Reports 2016 Sales Flat $4.5 Billion
by Ted Nuyten • • 0 Comments
Herbalife Reports Record Full Year 2016 Worldwide Volume; Number of Preferred Members in the U.S. Approximately 300,000; Record Worldwide Sales Leader Retention; Announces a New Share Buyback Authorization of $1.5 Billion.
The company reported record full year 2016 worldwide volume points of 5.6 billion, which represents an increase of approximately 5% compared to 2015. Reported full year 2016 net sales of $4.5 billion was flat, while constant currency net sales increased 6%, both compared to 2015.
On a reported basis, full year 2016 net income was $260.0 million, or $3.02 per diluted share, compared to net income of $339.1 million or $3.97 per diluted share for 2015.
Michael O. Johnson, chairman and CEO of Herbalife, stated,
“2016 was a dynamic and record-breaking year. Our members continue to successfully build customer-focused businesses, which is evident in
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Herbalife Paid a $200 Million Fine – Then the FTC Screwed it Up
by Ted Nuyten • • 0 Comments
According to an article in Forbes, Herbalife Paid a $200 Million Fine and then the FTC screwed it up:
Three weeks ago, on Jan. 10, the Federal Trade Commission announced what sounded like great news for people who had lost money with Herbalife, the multi-level marketer of weight-loss shakes and nutritional supplements: Their checks were in the mail.
It was the final outcome in the FTC’s lengthy battle with Herbalife (hlf, +0.32%), which in July agreed to pay $200 million in a controversial settlement.
And it was supposed to be a great victory for the hedge fund manager Bill Ackman, who had poured $1 billion into a bet against Herbalife stock and long argued that Herbalife was scamming immigrants into loading up on weight-loss shakes they’d never be able to sell at a profit.
But
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FTC Speaks Out About Vemma, Herbalife And The Network Marketing Industry
by Ted Nuyten • • 0 Comments
Lesley Fair, senior attorney at Federal Trade Commission has published the next article.
“industry members can learn a lot by reviewing the conduct the FTC says violated the law and understanding the principles underlying those orders”
As part of the FTC’s historic $200 million settlement with Herbalife, about 350,000 Herbalife distributors should be watching their mail for a partial refund check.
The FTC has more information about the refunds and advice for people thinking about investing in a multilevel marketing opportunity. But it’s also a good time for some straight talk with members of the MLM industry.
The FTC has a more than 40-year history challenging unfair and deceptive MLM practices, including recent law enforcement actions against Herbalife and Vemma. The specific terms of those orders – which require the companies to restructure their operations
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Herbalife Congratulates Cristiano Ronaldo
by Ted Nuyten • • 0 Comments
Herbalife Congratulates Cristiano Ronaldo on Being Named The Best FIFA Men’s Player 2016.
Herbalife (NYSE: HLF), a global nutrition company, congratulates International soccer star Cristiano Ronaldo, an Herbalife Nutrition-sponsored athlete since 2013, on being named The Best FIFA Men’s Player 2016.
The award was determined through a combined voting process that included the votes of team captains and managers from national teams all around the globe, an online public ballot of football fans, and votes by a select group of global media representatives.
“Herbalife Nutrition is proud to congratulate Cristiano Ronaldo for this well-deserved award that celebrates an incredible year filled with amazing accomplishments,” said Michael O. Johnson, chairman and CEO, Herbalife. ”
We have a proud heritage of supporting athletes around the world like Cristiano who exemplify our belief in proper nutrition and a
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Hong Kong Professor In Food & Nutritional Sciences Appointed To The Herbalife Nutrition Advisory Board
by Ted Nuyten • • 0 Comments
Dr. Zhen-Yu Chen has over 27 years of experience in food and nutritional science, and is currently the Chair Professor of the Food and Nutritional Sciences Programme and Head of the Graduate Division of School of Life Sciences at The Chinese University of Hong Kong.
After completing his PhD in food science and nutrition at the University of Massachusetts in USA, Dr. Chen has gone on to lecture on food and nutritional sciences at The Chinese University of Hong Kong, and contributed to over 200 journal papers related to food and nutritional science with a total citation of more than 10,000 and an H-index of 55.
As a renowned nutrition expert, Dr. Chen has been awarded several industry awards during the course of his career. These include the Advancement of Application of Agricultural
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If The FTC Raid Your USA Based Company
by Ted Nuyten • • 0 Comments
If the Federal Trade Commission (FTC) in the USA raid your network marketing company, the results are devastating for distributors, employees as the owner(s).
Distributors are losing their commissions and credibility under their friends and family (I told you it was a pyramid..), employees are fired and the owners personal assets are seized.
After Vemma settled with the FTC, the rules are clear for companies based in the USA, if you like it or not:
– 51 % volume has to come from customers sales.
– Mandatory auto-ships to qualify for commissions are not permitted and/or a distributor person order can not count towards qualifying for bonuses.
We at Business For Home are surprised that so many USA network marketing companies are not changing compensation plans immediately, and therefore putting their distributors under great danger. Many of