The World Federation of Direct Selling Associations (WFDSA), a global trade organization representing more than 60 national direct selling associations, today announced Oriflame CEO and President Magnus Brännström will serve as the organization’s Chairman through October 2020.
Brännström assumes the role of Chairman from Doug DeVos, President of Amway.
“I am very honoured and privileged to serve the direct selling industry as Chairman of the World Federation of Direct Selling Associations during these exciting times. The world is going through digital transformation.
I believe the direct selling, with its communities of people united by a joint purpose, is more relevant than ever for empowering entrepreneurship through offering quality products and services.
I look forward to continue to build and develop on my predecessors’ long legacy of improving the standards of the global direct selling industry,”
said Magnus Brännström.
Previously Brännström was the Vice Chairman of WFDSA. He also held the position as Chairman of SELDIA, the European Direct Selling Association.
“It’s been a tremendous honour to serve as Chairman of WFDSA for the past three years. None of our goals could have been accomplished without strong partnerships and the support of the direct selling associations around the world”,
said outgoing Chairman Doug De Vos. “Direct selling
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Gold Canyon Appoints A.K. Khalil As CEO
by Ted Nuyten • • 0 Comments
Gold Canyon International, LLC , the world’s foremost expert on specialty fragranced products and styled accessories, announced today the appointment of its new President and CEO, A.K. Khalil.
A.K.’s appointment marks a strategic move by Gold Canyon’s ownership to bring on an energetic change agent, a leader, and a visionary who has 18 years of hands-on experience as a distributor, consultant and corporate executive.
“If I had one word to describe A.K., it would be pure energy,”
said John Makoff, Gold Canyon’s Managing Board Member.
“Within two minutes of being around him, you immediately begin to feel your energy and excitement being lifted. Couple that with his unique ability to create a clear vision for the future, and excellence in leadership, sales, training and marketing, and we believe Gold Canyon has literally struck gold.”
A University of Michigan graduate, A.K. has spent the last five years serving as President of what was then an early stage direct selling company. With his strategic and tactical leadership, the company soon become a top 100 direct selling company with annual revenues exceeding 100 million.
A.K.’s ability to foster leadership, bring innovative technological solutions and expand a company’s horizons into the international marketplace will be well suited for
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Ex CEO Max International Pleads Guilty To Tax Evasion
by Ted Nuyten • • 0 Comments
According to an article in the Deseret News:
The former CEO of a Utah-based nutrition supplement company pleaded guilty Thursday to tax evasion.
Peter Nordberg, 61, was indicted by a federal grand jury in January with two counts of attempted income tax evasion, each carrying a statutory minimum sentence of five years in prison. He pleaded guilty to one of the counts Thursday, admitting to not paying $275,790 in taxes over two years.
The second count will be dismissed at a sentencing hearing Nov. 30, according to court documents.
Between September 2007 and December 2011, Nordberg served as the chief executive officer of Max International, a Utah-based multilevel marketing company that manufactures and sells nutritional supplements.
In addition to his annual salary of $331,336 in 2009, Nordberg received a portion of the company’s commissions as a bonus, bringing his income to $822,647, according to the indictment.
Federal prosecutors say Nordberg, a Draper resident at the time, set up a limited liability company in Delaware under the name MAX MLM Partners and had his bonuses deposited into an associated bank account. Nordberg directed employees at Max International to report the money as non-employee compensation.
Nordberg did not report the bonus income on his taxes, according to the indictment,
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Melaleuca CEO Frank VanderSloot Idaho’s Richest Person With $1.9 Billion
by Ted Nuyten • • 0 Comments
According to an article in Forbes:
Idaho might supply a third of America’s potatoes, but you won’t find its richest resident among the state’s 325,000 acres of potato fields, or even in its capital city of Boise. He’s in Idaho Falls (pop. 60,211), running one of the nation’s largest online retail companies from his headquarters four miles from downtown.
Idaho’s wealthiest person, with an estimated net worth of $1.9 billion: Frank VanderSloot, the 68-year-old founder and CEO of Melaleuca, which bills itself as “the wellness company.”
Melaleuca manufactures more than 450 products ranging from vitamins and health supplements to environmentally-friendly household cleaners. It then sells them direct from the factory to more than 1.8 million consumers every month through its online store.
About two-thirds of customers simply buy products for personal use. But Melaleuca also offers commissions to those who want to refer customers of their own. Most just earn a 3-4% commission on goods purchased by people they have directly referred, but it’s possible — depending on how many people you have referred and how active a role you take in the company each month — to earn higher rates and commissions on purchases made by the Melaleuca customers referred to the business by
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ARIIX Honored with 6 Distinguished CEO World Awards
by Ted Nuyten • • 0 Comments
Winners of the 2017 annual CEO World Awards were announced and ARIIX — THE Opportunity Company™ — received top honors, including Best Overall Company of the Year and Management Team of the Year.
The ARIIX founders, company innovations and the Jouvé™ brand were honored with six prestigious awards in total, including three gold and three silver awards, in this global competition honoring business and professional excellence.
Awards received include:
Best Overall Company of the Year, Gold
Innovative Company of the Year — Consumer Products and Services, Silver
Management Team of the Year, Gold
CEO of the Year — Fred Cooper, Gold
Executive of the Year — Mark Wilson, Silver
Products, Upgrades, and Innovation of the Year — Jouvé Skin System, Silver
“We have already been experiencing incredible things for 2017,” says ARIIX President and Founder, Mark Wilson.
“We’re setting record sales weeks in our top markets, we’ve shaken up the industry with compensation plan enhancements, and we’re about to host the largest event in ARIIX history, our World Reunion in Hong Kong.
We’re just getting started, and being honored by the CEO World Awards is just the tip of the iceberg for the recognition our innovations will be receiving this year.”
The annual CEO World Awards program encompasses the world’s best in
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Avon CEO Sheri McCoy Is Expected To Step Down
by Ted Nuyten • • 0 Comments
According to an article in Wall Street Journal:
Sheri McCoy, the CEO of cosmetics company Avon, is reportedly expected to step down.
The Wall Street Journal, citing people familiar with the matter, reports that the 58-year-old chief executive may be retiring. The terms of her potential departure, as well as details about a replacement, are not yet known.
McCoy’s possible departure gave some investors hope, sending shares of the struggling makeup company up roughly 4.6% by the market’s close Wednesday.
The company has struggled with declining sales and a sharp downtick in its stock price in recent years. In May, Avon’s stock price dropped 22% in a single day, falling to $3.62.
That prompted two shareholders — Barington Capital Group LP and NuOrion Partners AG, which together own 3% of the company’s stock — to urge the 131-year-old cosmetics brand to look for a new CEO.
Earlier this week, Avon announced that Miguel Fernandez, a former Herbalife executive, would take over as global president in August — replacing John Higson, who is set to retire in the fall, the Wall Street Journal reported.
About Avon Products, Inc.
Avon is the company that for more than 125 years has stood for beauty, innovation, optimism and, above all, for
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Youngevity Takes Top Honor At Telly Awards For Betterment Video
by Ted Nuyten • • 0 Comments
Youngevity International, Inc. (OTCQX: YGYID), a leading omni-direct lifestyle company – Triple A Classified by Business For Home – today announced that the Company has been recognized by the 37th Annual Telly Awards with its top honor – a Silver People’s Choice Telly Award – for its “Betterment” video.
This latest honor marks the Company’s 12th Telly Award this season –during the first year of entry for Youngevity. The People’s Telly Award is voted on among the community – industry leaders, producers, and enthusiasts from around the world. Being named a People’s Telly winner offers recognition from respected peers, experts and a global audience of individuals.
The Telly Awards is an international premier award honoring outstanding local, regional and cable TV commercials and programs, as well as the finest video and film productions and online commercials, videos and films. Winners represent the best work of the most respected advertising agencies, production companies, television stations, cable operators and corporate video departments in the world.
“It is gratifying and rewarding to be recognized with a People’s Choice Silver Telly Award for a video that embodies what our company is about – the idea of products, services and lifestyles that aim to make each day a
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Herbalife Appoints Richard Goudis As CEO
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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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Michael Hansen Awarded Prestigious CEO Of The Year Award
by Ted Nuyten • • 0 Comments
UK-based, Acquisition International, has awarded Ominto, Inc., parent company of DubLi Network, Founder and CEO, Michael Hansen, with the prestigious 2017 USA Business Executive Award for CEO of the Year.
The magazine published an in-depth interview with Mr. Hansen while characterizing the company as the Leader in Global Online Cash Back Shopping in their May 2017 issue.
The magazine, targeted at the investment community, awarded Mr. Hansen the cover feature story with a photo from the company’s recently successful uplisting to the Nasdaq Capital Market.
The article takes in-depth look at Mr. Hansen’s ongoing ability to innovate within the competitive Cash Back industry. Mr. Hansen provides insights into the many ways in which the company is tackling the B2C and B2B2C market and as well as the company’s new strategies for growth.
Mr. Hansen explains how the success of the company is not only based on the growth within the Cash Back segment but also its internal procedures that set them apart.
When discussing what makes DubLi.com different, he noted,
“Cash Back is a unique business model where the revenue stream is based on a behavior by which consumers are already engaged.
The appeal of the Cash Back value proposition is straightforward: join or sign in, choose your favorite store,
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CEO Dan Anderson Nominated For Prestigious Leadership Award
by Ted Nuyten • • 0 Comments
Learning Enterprises Organisations’ (LEO) CEO Dan Anderson has been nominated for a prestigious leadership award for his inspirational approach to steering the organisation.
Dan has been shortlisted by the Direct Selling Association for the coveted award and is among those recognised at the DSA conference at this week’s gala ceremony in England.
Mr Anderson said he was delighted to have been chosen from such a talented and capable field.
“I passionately believe in the potential inside people. Anything that someone else has done, you can do also. This has been my motto throughout my life, I try to lead by example, I work with real passion, drive and determination and believe with hard work we can all reach our real potential. You can be the change that your life needs.
“I’m delighted to have been nominated for this award, what a privilege to be recognised for doing what I love, growing this business is an honour, that I love getting out of bed for each and every morning” he added.
The Leadership category is among four awards set to be presented during the event, with a Partnership, Support, and Company with Heart honours also set to be awarded to an exclusive list of high achieving