Global nutrition company, Herbalife welcomes Dr. Francis Gregory Samonte, an expert in pediatric neurology, to become the first Filipino appointed to its prestigious Nutrition Advisory Board (NAB), effective January 1, 2016.
The Herbalife Nutrition Advisory Board is comprised of leading experts from around the world in the fields of nutrition and health who inform, educate and train Independent Herbalife Members on the principles of nutrition, physical activity and healthy lifestyle.
Samonte’s appointment further strengthens the Herbalife Nutrition Advisory Board members to 30. His addition also reflects further expansion of nutrition and health experts from Asia Pacific in the Nutrition Advisory Board who will play a central role in raising public awareness and leading educational programs on balanced nutrition and healthy active lifestyle in 15 countries across the region as part of Herbalife’s Asia Pacific
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Herbalife Hires Tod Gimbel For APAC Public Affairs
by Ramya Chandrasekaran • • 0 Comments
Global nutrition company Herbalife has tapped Tod Gimbel to lead government affairs in Asia-Pacific.
Gimbel, who took on the position of VP of Asia-Pacific government affairs at the start of this month, joins Herbalife from public policy firm Landmark Asia, where he has been MD since 2013.
Gimbel returns to the client side after previously holding senior Asia-Pacific corporate affairs roles at Citi, Levi Strauss and Kraft Foods. Before moving to Asia in 2006, Gimbel worked at Altria.
His arrival at Herbalife comes after the nutrition company expanded its global corporate affairs function earlier this year in Los Angeles. Ric Hobby relocated from Australia to become SVP global government relations; Megan Jordan was named SVP for global corporate communications, and Randall Popelka appointed VP of government and industry affairs..
Gimbel, who remains based in Singapore, will be responsible for
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Herbalife Chairman Speaks Out Against Activist Investing
by Ramya Chandrasekaran • • 0 Comments
Michael O. Johnson, chairman and CEO of Herbalife, wrote this column in the Gazette about the rise of a new version activist investing, targeting companies such as Herbalife.
About 220 years ago, two dozen stockbrokers and merchants sat beneath a buttonwood tree on Wall Street and signed the famous Buttonwood Agreement forming the New York Stock and Exchange Board. This exchange, and the others that followed, ushered in a new era of free market capitalism and changed world history.
Through history, we have occasionally seen folks try to take advantage of the freedom this marketplace provides. Thankfully, the system of checks and balances has, for the most part, successfully identified and restrained these excesses to help insulate and safeguard the market.
Yet today, in the never-ending pursuit of an edge, some investors are using
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Herbalife – Q3 Sales Up 5% To $1.1 Billion
by Ted Nuyten • • 0 Comments
Herbalife Ltd. (NYSE: HLF) reported third quarter net sales of $1.1 billion. Local currency net sales grew by 5%, while reported net sales declined 12% primarily due to the continuing unfavorable impact of currency exchange rates.
Adjusted1 earnings for the quarter were $1.28 per diluted share compared to $1.45 per diluted share for the same period in 2014. On a reported basis, third quarter net income was $93.6 million, or $1.09 per diluted share, compared to $11.2 million, or $0.13 per diluted share for the same period in 2014. Third quarter 2015 diluted EPS was negatively impacted by a $0.422 currency fluctuation.
For the quarter ended September 30, 2015, the company generated $134.5 million in net operating cash flow, and invested $17.1 million in capital expenditures.
For the full year 2015, the company is
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Irish Times Publishes Detailed Analysis Of Direct Selling
by Ramya Chandrasekaran • • 0 Comments
The Irish Times has published a detailed feature on the Direct Selling industry and its attraction for many Irish people looking to make some extra cash.
Maybe you’re a stay-at-home parent, looking for a way to earn some extra income now that the kids have gone back to school. Or maybe you have retired and your pension isn’t quite enough to meet your spending habits.
Or maybe you just need the cash. Whatever the reason, topping up your income by selling goods in your spare time is a way anyone can boost their bank balance this autumn.
Direct selling is not new. From the days of Tupperware parties, companies have long identified the impact empowering people to sell their products to friends, neighbours and strangers, can have on the bottom line. And for the sellers, it’s a
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Herbalife Unveils New Sports Drink
by Tina Williams • • 0 Comments
Global nutrition company, Herbalife (NYSE: HLF), and global soccer legend Cristiano Ronaldo, announced today the launch of Herbalife’s premiere sports drink: “CR7 Drive”.
As Ronaldo’s official nutrition sponsor, CR7 Drive is the crowning jewel in the nutrition company’s relationship with its famed athlete and reflects months of collaboration between them. Herbalife has been committed to the athlete both on and off the field as part of its multi-year agreement with Ronaldo, and CR7 Drive was designed to optimize his performance and address his specific nutritional needs.
“Cristiano Ronaldo takes nutrition very seriously and recognizes how a proper diet in combination with select nutrients can help bolster performance,” said Michael Johnson, chairman and CEO, Herbalife. “We developed CR7 Drive specifically for and with Ronaldo, but his needs are not all that different from the everyday athlete or fitness enthusiast, and we are honored to make CR7 Drive available
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Herbalife Announces They Are Official Sponsor Of YMCA Event
by Tina Williams • • 0 Comments
Global nutrition company Herbalife has announced a $15,000 donation as part of its ongoing commitment as Official Nutrition Sponsor of the 2015 YMCA Stair Climb for Los Angeles.
This is the third straight year Herbalife will serve as the Official Nutrition Sponsor of the YMCA Stair Climb. The $15,000 donation will help support the downtown YMCA’s programs that promote youth development, healthy living and social responsibility.
The YMCA stair climb—taking place on Friday, September 25—will showcase a range of Herbalife sports nutrition products throughout the event, including Herbalife’s popular H30 hydration product and its effervescent Liftoff® energy product, all designed to keep athletes of all levels fueled during competition. Herbalife products will be placed into 4,000 gift bags prepared by the YMCA for stair climb participants.
“Herbalife is committed to promoting a healthy, active lifestyle among
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Tables Turn In Ackman VS Herbalife Battle
by Tina Williams • • 0 Comments
Bronte Capital, an Australian-licensed and USA-registered fund manager, posted on its blog a response from the Securities and Exchange Commission to a Freedom of Information Act (FOIA) requesting any documents pertaining to “investigative market manipulation in Herbalife stock by or on behalf of Pershing Square.”
The SEC refused to respond to the request and stated that it the agency can withhold records if it is “compiled for law enforcement purposes.” However, the letter does go on to note that by withholding documents, Pershing Square, or any related parties, is not necessarily being investigated for any violations.
The SEC’s statement made it clear: “The assertion of this exemption should not be construed as an indication by the Commission or its staff that any violations of law have occurred with respect to any person, entity, or security.”
In an
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FTC Answer On Pyramid Definition: “I Have Nothing For You”
by Ted Nuyten • • 0 Comments
New York Times reporter Joe Nocera published the next story under the title “The Pyramid Scheme Problem”:
“I have nothing for you,” said Frank Dorman, a spokesman for the Federal Trade Commission. “Lots of reporters have asked that question. Our final response is, We’re not going to answer it.”
What had I asked that was so sensitive that the F.T.C. wouldn’t respond? I had requested that the agency explain what distinguished an illegal “pyramid scheme” from a legal multilevel marketing company.
What had prompted my question were two recent events. In late August, the F.T.C. had gotten an injunction issued against a multilevel marketing company called Vemma Nutrition, claiming it was in fact a pyramid scheme.
And last week, Fortune magazine published a lengthy story by Roger Parloff about William Ackman’s nearly three-year battle to force
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Herbalife Kicks Off Triathlon Season With Sponsorships
by Tina Williams • • 0 Comments
Global nutrition company Herbalife(HLF) kicked off a busy triathlon season this past weekend as part of a larger year-long sponsorship of major endurance events across the United States.
“We are excited to once again be involved in the sponsorship of triathlons across the country,” said Michael Johnson, chairman and CEO, Herbalife. “The endurance community is one we have a longstanding relationship with, both through the events we are involved with around the world, and the successful athletes who benefit from our sports nutrition products.”
For the eighth straight year, Herbalife was a sponsor of the LA Triathlon at Torrance Beach. As this year’s “Official Fluid Replacement” provider for the LA Triathlon, Herbalife provided its recovery and hydration products to athletes to ensure participants received the nutrition needed to complete the triathlon. More than a thousand triathletes and approximately