Tami Longaberger, who led The Longaberger Co., a direct seller of home and lifestyle products, since her father died in 1999, has resigned as chief executive officer and director of the company.
Longaberger parent company CVSL announced that John Rochon Jr., vice chairman of CVSL and son of the CVSL chairman, will take over as Longaberger chairman, president and CEO.
The company Dave Longaberger founded in 1973 became a $1 billion business in 2000, when it employed more than 8,200 people.
Tami Longaberger became president of the company in 1994, while her father remained as chairman. She took more of a leadership role as her father battled kidney cancer in his final years.
The Newark-based company has struggled for more than a decade, with sales plummeting to roughly $100 million annually and employment dwindling to 230
Monthly Archives: May 2015
Hot Business News Today
Herbalife Reports Quarterly Revenue At $1.11 Billion – Beating Wall Streets Expectations
by Tina Williams • • 0 Comments
Nathan Vardi at Forbes reports:
Herbalife , the controversial nutritional supplements seller, delivered a blow to its adversaries on Tuesday by reporting first-quarter earnings that suggested its business model was not as broken as some had predicted.
Herbalife reported that in the first three months of 2015 it earned $1.29 per share on an adjusted basis, beating consensus estimates on Wall Street that had called for the company to earn $1.01 per share, the bottom of the company’s first quarter earnings guidance of $1.00 to $1.10 per share.
In addition to the earnings beat, the company raised its earnings per share guidance for 2015 to a range of $4.30 to $4.60 per share. The previous range Herbalife had given investors was $4.10 to $4.50 per share. Herbalife posted revenue of $1.11 billion in the first quarter of 2015,
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The Licorice Test and Other Unconventional Tips for Hiring
by Mikkel Svane • • 0 Comments
These approaches will help you build a scrappy team who will argue, push and demand more of those around them.
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Tinder's Sean Rad: 'Who We Are as a Company Isn't Necessarily About a Swipe'
by Nina Zipkin • • 0 Comments
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Does Your Business Need Buyer Personas?
by Adele Revella • • 0 Comments
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6 Steps to Becoming a Successful Student Entrepreneur (Infographic)
by Kim Lachance Shandrow • • 0 Comments
You don’t have to wait until after graduation to run your own business. From inception to launch, here’s how to start up while you’re still a student.
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3D Printing Hacks That Will Improve Your Office Life
by Chris Elsworthy • • 0 Comments
These 10 3D-printed items prove there’s more to the office 3D printer than the obvious.
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3 Situations Where It Makes Sense to Sell a Part of Your Business
by Doug and Polly White • • 0 Comments
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How to Incorporate Freelancers Into Your Business
by Rob Biederman • • 0 Comments
Looking beyond on-staff positions might be your company’s answer to a skills gap, scaling with agility or finding new opportunities.