Company Website:
http://www.herbalife.com
LOS ANGELES -- (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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180425006430/en/
Contacts:
Herbalife Nutrition
Jennifer Butler, 213-745-0420
jenb@herbalife.com
Source: Herbalife Nutrition
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