Monthly Archives: November 2016

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Herbalife CEO Michael Johnson To Step Down Next Year

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Herbalife Nutrition Announces CEO Transition Plan, chairman and CEO Michael Johnson to Become Executive Chairman Effective June 1, 2017, COO Richard Goudis to Succeed Johnson as CEO.
Global nutrition company Herbalife Ltd. announced that consistent with the Company’s planned succession strategy, Michael O. Johnson, Herbalife Nutrition’s chief executive officer (CEO) since 2003 and chairman since 2007, will transition to the role of executive chairman of the Company, effective June 1, 2017.
At that time, Richard P. Goudis, currently chief operating officer (COO), will succeed Mr. Johnson as CEO.

Herbalife Nutrition’s chief operating officer, Richard P. Goudis (Right in picture) will become CEO of Herbalife Nutrition when current chairman and CEO, Michael O. Johnson (Left in picture) transitions to executive chairman on June 1, 2017 (Photo: Business Wire)

“Over the past 13 years, Michael’s incredible vision,

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Natures Sunshine Products Announces New Chief Financial Officer

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Nature’s Sunshine Products, a leading natural health and wellness company engaged in the manufacture and direct selling of nutritional and personal care products,recently announced that Joseph W. Baty will join Nature’s Sunshine as Executive Vice President and Chief Financial Officer reporting to Gregory L. Probert, Chairman and Chief Executive Officer.
The planned retirement from NSP of current Executive Vice President and Chief Financial Officer, Stephen M. Bunker, was announced on March 6, 2016. Mr. Bunker will remain with the Company to assist with the transition for the remainder of the year.
Prior to joining Nature’s Sunshine Products, Joe was Executive Vice President and Chief Financial Officer at Schiff Nutrition International where he played a key role in the growth, improved financial performance, and dramatically increased shareholder value of the company. Joe worked for Schiff

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Herbalife Q3 Sales Up 5% To $1.1 Billion

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Herbalife Ltd. (NYSE: HLF) reported third quarter 2016 volume growth of 6% and net sales of $1.1 billion, reflecting an increase of 2%, each compared to the prior year period.
Third quarter net sales, excluding the impact of currency, grew by 5%.
On a reported basis, third quarter 2016 net income was $87.7 million, or $1.01 per diluted share, compared to net income of $93.6 million or $1.09 per diluted share for the third quarter in 2015.
Adjusted1 earnings for the quarter were $1.21 per diluted share compared to $1.262 per diluted share for the comparable quarter in 2015. Due to currency fluctuations, third quarter 2016 reported and adjusted1 net income were each negatively impacted by $17.9 million, and reported diluted EPS and adjusted1 diluted EPS were each negatively impacted by $0.21.

Third

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