Herbalife Announces Leadership Succession Plan
02 Mai 2023 - 10:13PM
Business Wire
Herbalife Ltd. (NYSE: HLF), a premier health and wellness
company and community, today announced senior executive leadership
changes. As part of its succession management process, the Company
is announcing Mark Schissel’s retirement after 16 years of
leadership contributions on July 1. Frank Lamberti will be
appointed to Chief Operating Officer. In addition, the Company is
announcing the expanded role of Ibi Montesino, EVP and Chief of
Staff, and the appointment of Rob Levy to Regional President of the
Americas. All three executives will assume their roles effective
July 1, 2023 and report directly to Michael Johnson, Chief
Executive Officer. Schissel will assume a strategic advisory role
to help ensure a smooth transition and will continue to work on
special projects.
“Mark’s leadership, innovative mindset and countless
contributions across the entire organization have helped us build
Herbalife better and we will miss his leadership,” said Michael
Johnson, Chairman and CEO.
In Lamberti’s new role, he will oversee product innovation and
supply chain, digital content and infrastructure, distributor and
sales analytics, as well as back office operations. Lamberti joined
Herbalife in 2005 as vice president of investor relations and has
served in numerous leadership positions, including most recently,
as Regional President of the Americas working closely with
distributors and their customers. Prior to that, he served as
executive vice president, Distributor & Customer experience. He
also worked internationally as senior vice president and managing
director, North Asia.
Montesino’s expanded role will encompass all global distributor
facing business including sales, marketing and distributor
operation functions, as well as all aspects of employee management
and relations. She joined the Company in 1998 as an assistant for
personal care and then transitioned to product marketing before
joining the NAM region where she served in multiple capacities
including director, senior director, vice president of sales and
marketing for the U.S. Latin market and eventually leading the
entire North America market. Currently, as executive vice president
of distributor and customer experience, she oversees functions that
develop and deliver innovative tools and programs that support
independent distributors and their customers.
Rob Levy has been appointed Regional President of the Americas
and will be responsible for all strategic, sales and marketing
functions across the region. As head of the Americas, his oversight
includes North America, South and Central America, Mexico and
Brazil. Levy, a longtime Herbalife industry veteran with 28 years
at the Company, has run every region during his tenure, and was key
to the Company’s expansion to half the markets the Company has
today. He is currently serving as EVP Worldwide Distributor
Affairs.
"I have worked with Frank, Ibi and Rob at various points during
their careers, and I have complete trust in them. I know they will
bring wisdom, passion and hard work to these roles. I’m proud and
excited to be on their team,” said Michael Johnson.
In a separate announcement this afternoon, the Company reported
first quarter 2023 financial results. The press release can be
found at https://ir.herbalife.com/press-releases.
About Herbalife Ltd.
Herbalife (NYSE: HLF) is a premier health and wellness company
and community that has been changing people's lives with great
nutrition products and a business opportunity for its independent
distributors since 1980. The Company offers science-backed products
to consumers in more than 90 markets through entrepreneurial
distributors who provide one-on-one coaching and a supportive
community that inspires their customers to embrace a healthier,
more active lifestyle in order to live their best life.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230502006200/en/
Media Contact: Gary Kishner Senior Director, Media Relations
213.745.0456
Investor Contact: Erin Banyas Vice President, Investor Relations
213.745.0433
Herbalife (NYSE:HLF)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Herbalife (NYSE:HLF)
Historical Stock Chart
Von Jul 2023 bis Jul 2024