Herbalife Nutrition Welcomes New Members to its Board of Directors
25 April 2018 - 9:01PM
Business Wire
Herbalife Nutrition (NYSE:HLF), announced today the election of
four new members to its Board of Directors. The newly elected
directors, Nicholas Graziano, Alan LeFevre, Juan Miguel Mendoza,
and Margarita Palau-Hernandez, will join their fellow directors in
helping the Company deliver on its purpose of making the world
healthier and happier.
Stepping off the Board are long time directors Richard P.
Bermingham, who served since the Company’s IPO in 2004, Pedro
Cardoso, an independent Herbalife Nutrition distributor, who served
since 2010 and Keith Cozza who served since 2013 as a
representative of Icahn Enterprises.
“Today we extend a heartfelt thanks to our exiting board members
for their service and leadership, especially over the past five
years during such a critical time in our company’s history,” said
Michael O. Johnson, Executive Chairman of Herbalife Nutrition.
“And, we welcome the expertise of our new members, and their shared
passion for nutrition and our purpose of making the world healthier
and happier, and believe they will add great value to Herbalife
Nutrition.”
Nicholas Graziano is a portfolio manager of Icahn Capital, the
entity through which Carl C. Icahn manages investment funds. Mr.
Graziano was previously the founding partner and chief investment
officer of the hedge fund Venetus Partners LP, where he was
responsible for portfolio and risk management. Prior to founding
Venetus, Mr. Graziano was a partner and senior managing director at
the hedge fund Corvex Management LP. He previously served as an
independent director of Fair Isaac Corporation, WCI Communities
Inc., InfoSpace Inc., and WestPoint International.
Alan LeFevre is the former executive vice president of finance
and chief financial officer for Jarden Corporation, a leading
provider of consumer products with a portfolio of over 120 brands
sold globally. During his 20-year career at Jarden, Mr. Lefevre led
various groups within the Company’s subsidiary, Jarden Consumer
Solutions, including operations and finance. Previously, he served
as the chief financial officer at Sunbeam Products.
Juan Miguel Mendoza has been an independent Herbalife
distributor for 25 years and a member of the Company’s Chairman’s
Club since 2013. Mr. Mendoza regularly tours the world, training
independent Herbalife distributors about the business, Herbalife
products, and the importance of our distributor difference. He is a
member of various strategy and planning groups for the Company.
Margarita Palau-Hernandez is the founder and chief executive
officer of Hernandez Ventures, a private firm engaged in
acquisition and management of a variety of business interests since
1988. Prior to founding her firm, Ms. Palau was an attorney with
the law firm of McCutcheon, Black, Verleger and Shea, where she
focused on domestic and international business and real estate
transactions. She has been an independent director at ALJ Regional
Holdings since 2015, and is a member of numerous non-profit and
education commissions and boards including the Smithsonian National
Latino Board and the Council of Global Advisors at Yale School of
Management.
About Herbalife Nutrition Ltd.:
Herbalife Nutrition is a global nutrition company whose purpose
is to make the world healthier and happier. The Company has been on
a mission for nutrition - changing people's lives with great
nutrition products and programs - since 1980. Together with our
Herbalife Nutrition independent distributors, we are committed to
providing solutions to the worldwide problems of poor nutrition and
obesity, an aging population, skyrocketing public healthcare costs
and a rise in entrepreneurs of all ages. Herbalife Nutrition offers
high-quality, science-backed products, most of which are produced
in Company-operated facilities, one-on-one coaching with an
Herbalife Nutrition independent distributor, and a supportive
community approach that inspires customers to embrace a healthier,
more active lifestyle.
Herbalife Nutrition’s targeted nutrition, weight-management,
energy and fitness and personal care products are available
exclusively to and through its independent distributors in more
than 90 countries. Through its corporate social responsibility
efforts, Herbalife Nutrition supports the Herbalife Family
Foundation (HFF) and its Casa Herbalife programs to help bring good
nutrition to children in need. Herbalife Nutrition is also proud to
sponsor more than 190 world-class athletes, teams and events around
the globe, including Cristiano Ronaldo, the LA Galaxy, and numerous
Olympic teams.
Herbalife Nutrition has over 8,000 employees worldwide, and its
shares are traded on the New York Stock Exchange (NYSE: HLF) with
net sales of approximately $4.4 billion in 2017. To learn more,
visit Herbalife.com or IAmHerbalife.com.
Herbalife Nutrition also encourages investors to visit its
investor relations website at ir.herbalife.com as financial and
other information is updated and new information is posted.
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version on businesswire.com: https://www.businesswire.com/news/home/20180425006430/en/
Herbalife NutritionJennifer Butler,
213-745-0420jenb@herbalife.com
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