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22.02.2018 23:02:08

Herbalife Announces New Executive Organization Structure - Quick Facts

(RTTNews) - Herbalife Ltd. (HLF) announced, consistent with the company's succession strategy, a new executive organization structure effective May 1, 2018. The company's president, Des Walsh, will transition to the new role of executive vice-chairman. Concurrently with Walsh's transition to his new role, two company veterans will each be promoted to serve as co-president of the company.

John DeSimone, currently chief financial officer, will assume the role of co-president and chief strategic officer where he will manage the company's regional leadership, who have responsibility for growing the company's nutrition business and driving performance in more than 90 countries around the globe. Chief health and nutrition officer, John Agwunobi, will continue in his role leading the company's nutrition and fitness training and medical and consumer affairs. As co-president and chief health and nutrition officer, Agwunobi will expand his responsibilities to concentrate on enhancing the distributor and customer experience.

As part of the new organization structure, current senior vice president and principal accounting officer, Bosco Chiu, will be promoted to executive vice president and chief financial officer. Current acting general counsel Richard Werber will assume the new role of chief legal officer while current senior vice president, deputy general counsel and chief compliance officer Henry Wang will be promoted to executive vice president and general counsel.

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