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April 01, 2014

Executive Announcements

Executive Announcements, April 2014

Primerica Inc.

Cynthia N. DayCynthia N. Day

Primerica Inc. announced the election of Cynthia N. Day to the company’s board of directors. Day has been the President and CEO of Citizens Bancshares Corp. and Citizens Trust Bank since February 2012. She served as COO and Senior Executive Vice President of Citizens Trust Bank from February 2003 to January 2012 and served as its acting President and CEO from January 2012 to February 2012.

Day currently serves on the board of directors of Aaron’s Inc., Citizens Bancshares Corporation and Citizens Trust Bank. She also serves as a member of the boards of directors of the National Banker’s Association and the Atlanta Business League. She is a member of the Georgia Society of CPAs and a member of the Rotary Club of Atlanta.

“We are thrilled to have Cynthia join our Board,” said Rick Williams, Chairman of the Board and Co-CEO of Primerica. “As a result of her many years with Citizens Bancshares, she understands the needs of middle-income households and the financial challenges faced by those families. Primerica is focused on helping those households succeed, and Cynthia’s experience and expertise will be invaluable to us as we fulfill that mission.”

In other news, Primerica Inc. announced that John Adams, CEO of PFSL Investments Canada Ltd. (PFSL) and Primerica Life Insurance Company of Canada (Primerica Canada), has been named Second Vice-Chair of the Toronto-based Investment Funds Institute of Canada (IFIC).

Adams has been on the IFIC board since 2005. He joined Primerica Canada and PFSL in 2000 and has risen through the ranks. Previously, he served as Primerica Canada’s and PFSL’s Chief Financial Officer.

Amway Corp.

Sundip ShahSundip Shah

Amway India, a wholly owned subsidiary of Amway Corp., has appointed Sundip Shah as Chief Marketing Officer. Shah takes over the responsibility from Naveen Anand, who has been elevated to a global role at Amway’s corporate headquarters in Michigan.

Shah will be based at Amway India’s headquarters in Gurgaon and will lead the entire marketing operations of the company.

Shah has more than 23 years of experience in sales, marketing, advertising and new product development. Prior to joining Amway, Shah was with Heinz India, where he was responsible for the marketing of the brand and its product and accelerating business.

The Pampered Chef

Vera VogelmannVera Vogelmann

The Pampered Chef has announced that former Sales Director Vera Vogelmann has been named as its new General Manager in Germany. Since joining the company in April 2012, she has led the Germany business in successful growth. The number of consultants and managers was increased by three times and net sales by 121 percent.

Vera Vogelmann brings 24 years of experience in direct selling, including time spent at another company, where she worked as a regional manager.

The Pampered Chef is a direct seller committed to developing multipurpose kitchen tools, providing expert cooking tips and creating simple recipes that enhance shared mealtime and suit busy lifestyles. Founded in 1980, The Pampered Chef was acquired by Berkshire Hathaway in 2002. The company operates in five markets through its network of over 65,000 independent salespeople.


Charles FunkeCharles Funke

ASEA has announced the appointment of Charles Funke as CEO. Funke joined ASEA in 2011 and held the position of Executive Vice President before being named as CEO.

Prior to joining ASEA, Funke spent 17 years in the financial services sector. During this time he held a number of executive positions including the Chairman, President and CEO role at Beneficial Investment Services.

Founded in 2008, ASEA is a global direct selling organization committed to the manufacturing and distribution of a highly effective patented redox signaling product designed to support and sustain long-term health. The company has operations in 19 countries throughout North America and Europe.

Youngevity Inc.

Ricardo SpilmanRicardo Spilman

Youngevity announced that it has appointed Ricardo Spilman as Director of Sales and Operations for Eastern Europe and Israel. In this role, Spilman is expected to help advance Youngevity’s commitment to ongoing, international expansion.

Spilman joins Youngevity from a Europe-based direct seller of health, wellness and beauty products. He was an Advisor and was responsible for managing companies, including in areas of business development, international expansion, negotiations with major suppliers, and developing training programs for distributors. Spilman has 30 years of experience in the direct selling industry.

“We are pleased to add Ricardo Spilman to our executive team,” said Dave Briskie, Chief Financial Officer of Youngevity International. “His experience and proven track record for success is just what we were looking for to lead this effort [of expanding into Eastern Europe and Israel]. We are planning the opening of an office in Moscow by the third quarter of this year, along with a number of distribution points to cover the region.”


Kay Bailey HutchisonKay Bailey Hutchison

CVSL Inc. has announced that former U.S. Senator Kay Bailey Hutchison has accepted an appointment to join the board of directors of CVSL Inc.

“During her many distinguished years of service at the highest level of government, Senator Hutchison has shown great leadership in supporting and defending the free enterprise system and she has been an eloquent champion of economic opportunity,” said CVSL Chairman John Rochon.

Senator Hutchison served for two decades as a U.S. Senator from Texas, from 1993 to 2013. She is the only woman ever elected to represent the state in the U.S. Senate. In the Senate, she served on the Appropriations Committee and was ranking Republican on the Commerce, Science and Transportation Committee.

CVSL also announced that Richard Holt has been named Vice President of Finance and Controller. Holt has for the past two and a half years served as Chief Financial Officer at Agel Enterprises, which became part of CVSL last September. He previously spent five years as corporate controller for Raser Technologies Inc. in Provo, Utah. During a previous stint at Agel, he was instrumental in the early stages of that company’s development.

His 13-year experience working at the corporate headquarters of two industry giants has given him a comprehensive understanding of the financial operations within the micro-enterprise sector.

In his new role, Holt will report to CVSL Chief Financial Officer Kelly Kittrell.

“Bringing Richard into this key role in CVSL’s finance team is another important step as we continue ramping up to grow by acquisition and as we effectively manage the companies within CVSL,” said John Rochon Jr., CVSL’s Vice Chairman. “Richard has a strong background in the micro-finance sector, and he will be an important part of our finance team’s leadership.”

Origami Owl

Deb BurseleyDeb Burseley
Tricia ChiodoTricia Chiodo

Custom jewelry company Origami Owl announced that Deb Burseley has been appointed as Chief Marketing Officer and Tricia Chiodo as Chief Financial Officer.

Deb Bursley, who joined the company in early 2013 as Senior Vice President of Marketing, directed a series of successful initiatives, including restructuring the marketing, communications and creative departments, and filling key leadership positions.

Bursley has more than 20 years of experience in leadership-level positions in marketing and communications, leveraging expertise she’s gained at other companies in the direct selling industry.

Chiodo brings with her more than 20 years of experience, most recently serving as Chief Financial Officer at RSC Equipment Rental, where she led an IPO and secured more than $1 billion in Asset Based Lending and High Yield Debt. She will bring this public and private sector experience, combined with her knowledge of operational efficiency, to Origami Owl as it works to maintain strategic expansion.

“Both Deb and Tricia have proven invaluable through this amazing year. They’ve positioned us well, and will be essential to our continued success,” says Robin Crossman, CEO of Origami Owl.

Regal Ware Inc.

Tracy PearsonTracy Pearson

Regal Ware Inc. has announced the appointment of Tracy Pearson to the position of Senior Vice President and Chief Financial Officer of the corporation. In this role she will join with the Regal Ware senior management team to drive growth and seek improvements in operational processes. Pearson will provide financial reporting to all levels of internal management, as well as externally to Regal Ware’s board of directors and investment partners. The finance and IT departments will report to her.

Tracy brings more than 25 years of expertise in all facets of finance and operations, and has extensive public and private company experience in healthcare, distribution, technology services, and energy sectors.

Regal Ware is the direct seller and manufacturer of high-quality stainless steel cookware and cast aluminum cookware in the United States. With a history that dates back to 1911, Regal Ware’s products are available direct to the consumer through independent distributors worldwide.

ForeverGreen Worldwide Corp.

ForeverGreen Worldwide Corp., a provider of nutritional foods and other healthy products, announced that Joseph Jensen has joined the executive team as Vice President of Sales.

For 25 years he has built successful sales teams in the pharmaceutical, health and beauty, training, direct selling and software industries.

“Joseph’s success in the network marketing profession is an ideal fit for our sales organization,” said ForeverGreen President Brenda Huang. “He’s a great leader, a great listener and will be an outstanding development resource for our top distributors.”