USANA Health Sciences, Inc. (NYSE: USNA) today announced a CEO transition plan. Dave Wentz has made the personal decision to step down as Co-CEO and a member of the Board of Directors of the Company.
The Board of Directors has appointed current Co-CEO, Kevin Guest, as CEO of the Company.
The Company will no longer utilize a Co-CEO management structure. The USANA Board of Directors now consists of six directors, four of whom are independent.
Commenting on his transition, Mr. Wentz said, “I am grateful for my long tenure with USANA and am proud of what we have accomplished over the past 24 years. USANA has always been, and will remain, a positive influence for so many lives, including my own, and I am confident in the company’s future under Kevin’s leadership.
I
Tag Archive for CEO
Hot Business News Today
Oriflame Q3 Sales Up 6% To €278.9 Million
by Ted Nuyten • • 0 Comments
CEO Magnus Brännström comments:
“We are pleased to report yet another quarter of Euro and local currency growth with healthy improvements in profitability.
The strong performance in Asia & Turkey and Latin America continued, while in the CIS the focus remains on returning to sustainable growth and improving margins. The success from our online leaders and the sales of Skin Care and Wellness sets and routines reached new levels, serving as important drivers of the growth.
The local currency sales development in the fourth quarter-to-date reflects slightly tougher comparables in the beginning of the quarter as well as volatility in some markets. We have a solid strategy, a strong financial position with low debt levels and a business model proven to meet challenging market conditions and changing environments.”
3 months ended 30 September 2016
Local currency sales
Hot Business News Today
Wor(l)d Global Network Archieve Success In Thailand
by Ted Nuyten • • 0 Comments
According to a World Global Network press release:
Wor(l)d has only been operating in Thailand for 6 months, and we can already count it as a huge success.
Thailand, opened by Chanida and Nat Puranaputra, has been the main door for the Asian market. Chanida and Nat are both Global Master Distributors and Double President Millionaires in Wor(l)d.
Thanks to its outstanding products and services, Wor(l)d has experienced a huge success bringing people to the top of network marketing in just a few short months.
Thailand is the first country to have a Double President Millionaire and also a new President Millionaire and so far, more than 20,000 people have started their Wor(l)d business, and many of them are already achieving incredible things.
The numbers continue to climb, with 3 earning the rank of Double President, 9
Hot Business News Today
Herbalife CEO Michael Johnson To Step Down Next Year
by Ted Nuyten • • 0 Comments
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,
Hot Business News Today
Medifast Names Direct Sales Veteran Daniel Chard As CEO
by Nicole Dunkley • • 0 Comments
Take Shape For Life parent Medifast, Inc. (NYSE: MED), is bringing in a new CEO with expertise in the direct sales channel.
The wellness firm recently announced that Daniel Chard will succeed outgoing chief executive Michael MacDonald, who has led Medifast since 2012. MacDonald has served on the company’s board since 1998, and will continue in his role as Executive Chairman of the Board.
Chard, who is also joining the Medifast board, has spent the bulk of his nearly two-decade direct sales career with one of the channel’s top companies, in roles that included Executive Vice President of Distributor Success, President of Global Sales & Operations, and Europe President.
He most recently served as President and CEO of a direct selling company in the home fragrance category. Early in his career, Chard held marketing roles
Hot Business News Today
iMarketsLive Is Growing Fast
by Ted Nuyten • • 0 Comments
International Markets Live, Inc. (iMarketslive) provides a full array of retail trading products and services to a global audience for those who want to participate in the Forex & Futures Markets and has nowadays approx. 50,000 members.
In July of 2013, successful trader, Christopher Terry, took his 18 years of trading education and married it to direct sales and launched a network-marketing arm to market his educational and SAAS (Software As A Service) trading platform.
Chris had one goal in mind; to take his trading expertise and over 40 custom models and hand-deliver it to individuals around the world. Terry is most recognized for educating students on his live trade room, speaking at major trading expos and for being cited in various trading journals and exposés.
iMarketsLive has experienced some incredible bursts of momentum with the additions of what have
Hot Business News Today
Michael Hansen Named Ominto – DubLi CEO
by Ted Nuyten • • 0 Comments
Ominto, Inc. (OTC PK: OMNT), a global leader in online Cash Back shopping, announced today that Michael Hansen, the company’s Founder, will assume the role of Chief Executive Officer.
Mitch Hill, who has been serving as Interim CEO since January, will continue as an Executive Board member.
Commenting on today’s announcement, Mr. Hill stated,
“I appreciate the opportunity to have served as Ominto’s Interim CEO and I have confidence in the future growth of the company. Having completed our objectives, it is now appropriate for Michael to take on the leadership of the company.
Michael is a global leader with a deep local and cultural understanding of many key markets throughout the world, markets from which we believe much of the company’s future growth will come.”
Mr. Hansen stated,
“I look forward to this new
Hot Business News Today
200,000 Reps Join OneCoin – Macau China Event Sold Out
by Ted Nuyten • • 0 Comments
In the last couple of months more than 200,000+ new representatives joined OneCoin which brings the total base at 1.8 million distributors.
Recently OneCoin has held their China event in Macau.
The event, which took place at the Macau Fisherman’s Wharf Convention and Exhibition Center, was seen as one of the most important financial conferences in the region, explaining how OneCoin intends to become the cryptocurrency in the world and what makes the OneCoin products unique on the financial market.
OneCoin CEO and Founder Ruja Ignatova made important announcements about the company, including the new One Net Upi bank cards, issued in association with UnionPay.
UnionPay cards can be used in 141 countries and regions around the world, making it the third-largest payment network by value of transactions processed, behind Visa and MasterCard.
The company gives the possibility
Hot Business News Today
Tiens CEO Li Jinyuan Gives 2,500 Employees Surprise Trip to Spain
by Ted Nuyten • • 0 Comments
Two and half thousand Chinese workers have been enjoying the sights of Madrid after their boss stumped up $7 Million to take them on a Spanish holiday.
Li Jinyuan, the billionaire owner of direct-sales firm Tiens Group, chartered 20 planes and booked 1,650 hotel rooms for the party. After their Madrid visit, the workers will board four specially reserved high-speed trains to Barcelona.
The Chinese tourists visit the bullring in Morazarzal for a ‘bloodless’ bullfight.
On Friday morning, the Moralzarzal bullring was a sea of blue caps and selfie sticks as the group attended a “bloodless” bullfight preceded by a flamenco dancing display. The workers then enjoyed a lunch of paella and sangría.
“We chose Spain because the people are warm, friendly and passionate,” said Li Zongmin, the magnate’s son and a Tiens vice-president. “Furthermore, the
Hot Business News Today
Youngevity Q1 Revenue Up 3% To $38.2 Million
by Ted Nuyten • • 0 Comments
Youngevity International, Inc. (OTCQX: YGYI) (www.YGYI.com), a global direct marketer of nutritional and lifestyle products and also a vertically-integrated producer of gourmet coffees for the commercial, retail and direct sales channels, today reported financial results for the first quarter ended March 31, 2016.
2016 First Quarter Highlights:
Net Revenues increased 3.8% over the prior year to $38.2 million
Gross Profit increased 15.2% to $23.4 million compared to the prior year
Operating Income increased 211.0% to $1,163,000 compared to the prior year
Adjusted EBITDA increased 72.8% to $2,236,000 compared to the prior year
Gross profit as a percentage of revenues increased to 61.2% compared to 55.1% in the prior year
“The first quarter of 2016 was one of the most active and exciting quarters in the Company’s history,” stated Steve Wallach, Chief Executive Officer of Youngevity International.
He added, “We were excited