Richard P. Goudis Transitions to New Role as Herbalife Nutrition CEO
2nd June 2017 - Premier global nutrition company, Herbalife (NYSE: HLF), today announced the official transition of Richard P. Goudis as the new Chief Executive Officer (CEO), in succession to Michael O. Johnson, who will now assume the position of Executive Chairman of the Company.
With his passions grounded in innovation, educationand training, Goudis will set the strategy for Herbalife Nutrition, overseeingall aspects of the Company’s growth initiatives and ensuring the Companycontinues to be recognized worldwide as a leading nutrition company. Goudiswill guide the overall Herbalife Nutrition business strategy in the 94countries where the Company operates. He will also be responsible forstrengthening and increasing the base of Independent distributors and consumers,as well as the development of new product lines with broad scientific support.
"This is an exciting time to be leading such adynamic team of dedicated professionals who everyday position our company forfurther innovation and growth. Our talented global distributors bringinnovative products to market that help customers live healthy, activelifestyles, truly making us the premier global nutrition company,” said RichardP. Goudis, CEO, Herbalife Nutrition.
Goudis, a recognized leader in the nutrition industry,has more than 18 years of experience in the field of nutrition with 13 years aspart of the Herbalife Nutrition management team serving as COO since 2010 andCFO from 2004 to 2009. In his role as COO, he was responsible for building aglobal infrastructure that created competitive advantages including theoversight of worldwide manufacturing operations, product development, qualityassurance and control, supply chain and strategic sourcing, warehousing andlogistics, human resources, Information technology, security and safety, andregional finance and operations functions. During Goudis’ tenure as COO,the Company expanded its Herbalife Innovation and Manufacturing (H.I.M)facilities to five locations around the world ensuring the highest levels ofquality control for the company’s nutrition products. Under Mr. Goudis'management, Herbalife Nutrition also grew its employee base to more than 8,000people worldwide.
The Company’s competitive advantage and success in thenutrition industry is based on science and education – science-based productsand the education provided to customers by its distributors otherwise known asthe “Distributor Difference.” This difference has become more evident in recentyears with retail stores closing at what seems to be an accelerated rate. Theeducated and trained distributors meet face-to-face with their customers,providing personalized nutrition and fitness services.
Newly appointed Executive Chairman Michael O. Johnsondraws from his extensive working history with Goudis to say, “The Board and Icould not have picked a more qualified candidate to lead this Company forward,we look forward to supporting him as he leads Herbalife Nutrition well into thefuture.”
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