December 01, 2016
Executive Announcements, December 2016
Stream Names Former CEO Bouncer Schiro as Chairman
|Mark “Bouncer” Schiro|
Stream board member and former CEO Mark “Bouncer” Schiro is transitioning to the role of chairman.
Schiro succeeds Rob Snyder, who co-founded Stream with Pierre Koshakji in 2004. “After 13 years in this role, now is a good time for others to take the lead in respect of Stream’s future direction and growth,” Snyder said in the company’s announcement. The outgoing chairman remains a non-executive board member and Stream’s largest equity holder.
Based on his background with the company, Schiro is uniquely suited to chair the board, said independent board member Donald Kendall. “His prior experience with Stream, including as its chief executive officer, is a testament to his ability to partner with management and be a key architect for growth.”
During his tenure as CEO, which began in 2011, Schiro helped to position Stream for expansion and diversification, building upon its core energy offerings with such categories as Mobile Services and Protective Services. When he stepped down earlier this year, Stream appointed former CompUSA executive Larry Mondry as chief executive.
“I am fortunate to transition into the chairman role following Rob’s strong oversight for many years,” said Schiro. “Stream has many opportunities to continue to profitably grow, and I am committed to supporting CEO Larry Mondry and his management team to drive long-term value for Stream employees, Associates, customers, and stakeholders.”
Natura Taps VP to Succeed Lima as CEO
|Inside Natura’s São Paulo, Brazil, store.|
A new CEO is taking the reins at Brazil’s Natura Cosmeticos as the company battles the effects of an ongoing recession in its domestic market.
The beauty company announced that its board has promoted João Paulo Brotto Gonçalves Ferreira to CEO, following the resignation of Roberto Oliveira de Lima, who joined Natura’s board in 2012 and was named chief executive at the end of 2014.
“During his tenure as CEO of the company, Roberto formed a solid Executive Committee and delivered important projects that included the digitalization of the business, the entrance into new channels and the repositioning of the Natura brand,” Jose Roberto Lettiere, Chief Financial and Investor Relations Officer, said in the company’s announcement.
Incoming CEO Ferreira has been with Natura for seven years, most recently in the role of Commercial Vice President, overseeing the functions of supply chain, manufacturing, international operations and sustainability. As CEO, he is tasked with accelerating implementation of the company’s growth strategy, which includes revitalizing Natura’s direct sales business, streamlining the portfolio, and maintaining the pace of international growth.
The cosmetics maker continued to face economic headwinds in the most recent quarter, amid Brazil’s lengthiest recession in eight decades. Management said consolidated net revenue dipped 4.7 percent to 1.9 billion reais (US$600.3 million), as Brazilian consumers seek out cheaper alternatives to the brand’s toiletry products.
Nature’s Sunshine Products Appoints New CFO
Nature’s Sunshine Products has appointed Joseph Baty as its next Executive Vice President and Chief Financial Officer.
Baty succeeds Stephen Bunker, who will retire from the health and wellness company at the end of the year, after assisting with the transition.
Previously, Baty held the roles of EVP and CFO with Schiff Nutrition International, a maker of vitamins and nutritional supplements such as Airborne. He was with the company from 1997 until its sale to Reckitt Benckiser in 2012, for a price of $1.4 billion. In June 2012, Baty was named CFO of the Year among large companies by Utah Business magazine. Before joining Schiff he was a partner with public accounting firm KPMG.
“I am thrilled to have someone with Joe’s track record and experience in the nutritional supplement industry join our leadership team,” said Gregory Probert, Chairman and CEO of NSP. “Joe has demonstrated the ability to work closely with business leaders to achieve outstanding financial results and deliver impressive value to shareholders.”
New Avon Selects Industry Veteran to Lead Health and Wellness
New Avon keeps getting newer.
The company has named Anjana Srivastava as President of Health and Wellness, a product line scheduled to roll out in 2017. Until then, Srivastava will be busy preparing the company to step into one of direct selling’s biggest categories. “Over the coming months,” she says, “I look forward to building my team, securing best-in-class partners and ultimately laying out a smart, strategic path for providing Representatives and consumers a portfolio of new products that live up to Avon’s industry-leading standards, and access to health related information they can trust.”
Srivastava spent two decades as an executive within the direct selling channel, having served in such roles as Chief Product Officer, Head of the Scientific Advisory Board and Executive Vice President for North America among others. New Avon CEO Scott White says he believes Srivastava’s background makes her ideal for this new role.
“Anjana’s broad expertise across direct selling, science and the health and wellness industry uniquely qualifies her to lead New Avon’s entrance into this market,” he says. “For 130 years, Avon has proudly championed the well-being of women. Our Health and Wellness business will build upon that legacy—delivering products that help women look and feel beautiful, fit and healthy.”
Former MetLife Exec Joins LegalShield as Senior Vice President
LegalShield has appointed MetLife veteran Glenn Petersen as Senior Vice President of Broker and Partnership Sales.
Petersen brings nearly 25 years of experience with MetLife, a leader in insurance and employee benefits. Most recently, he served as Vice President in the Group Voluntary and Worksite Benefits Sales division, which doubled voluntary benefits sales during his tenure.
According to James Rosseau, President of LegalShield Business Solutions, the addition of Petersen raises LegalShield’s profile among competitors. “Glenn’s expertise, combined with our best-in-class products, service delivery and mobile apps will accelerate our movement towards leadership in the voluntary benefit marketplace in the categories for which we currently compete, as well as those in which we will begin to compete.”
Currently, LegalShield’s legal and identity theft plans cover more than 4.1 million people, including more than 1.6 million families. The number of companies offering LegalShield plans to employees has surpassed 141,000, but Petersen sees considerable growth potential in the market.
“LegalShield is uniquely positioned to provide high-value solutions, including voluntary benefit offerings, to mitigate prevalent risks,” said Petersen. “We look forward to closely engaging the brokerage community to further the awareness and adoption of these valuable protection services.”
Total Life Changes Makes Appointments in Latin America
Health and wellness direct seller Total Life Changes is making some adjustments to its management team in Latin America to spur growth and improve logistical needs.
As a result, two new positions have been created in that region. Former Peru Office Manager, Darwin Almeida has been appointed to Regional Manager, and Alexandra Serna, former International Operations Coordinator, will be promoted to General Manager of Latin America Operations.
“Our company experienced much of its growth and recognition in the industry because of the dedication and work ethic of our employees and their service to our salesforce and customers in Latin America,” said Founder and CEO Jack Fallon. However, he continues, “we have spent much of the third quarter meeting and analyzing our data and have had to make some tough business decisions.”
Darwin Almeida has supported TLC’s early efforts of brand development in Peru and since has worked very closely with managers of other offices offering his support and expertise in the direct selling business.
Alexandra Serna has worked at TLC’s headquarters for the past 18 months providing international support to office managers and associates. She will continue to operate at the Michigan headquarters under her new title.
Víos Nutrition Adds Former NFL Athlete as Director of Business Development
Jared Barber has joined Víos Nutrition, a nutrition supplement company based in Winston-Salem, N.C., as the company’s new Director of Business Development.
Specifically created for Barber, this new role will include his helping to drive the company’s growth by supporting emerging markets across the country through training and supporting the company’s independent Brand Partners. Barber also will develop training programs designed to communicate, educate and motivate the company’s Brand Partners, as well as identify and evaluate opportunities to further penetrate the health and wellness market.
“Víos is thrilled to add someone to our team with the work ethic and strength of character of Jared,” said Brock Agee, co-founder of Víos. “Jared comes to Víos with the same dedication, leadership, and passion to win that he used during his athletic career.”
A graduate of West Virginia University, Barber was a middle linebacker and four-year starter for the Mountaineers, helping to lead them to victories in the 2012 Orange Bowl and the 2016 Cactus Bowl. Following graduation, he held a short playing career with the Carolina Panthers, where he progressed from an undrafted rookie free-agent to earning an NFL contract.
Modere Introduces Scientific Advisory Board
Modere, a maker of nontoxic personal-care products, has assembled a Scientific Advisory Board to support product development and innovation.
The Utah-based company has named five board members, whose combined professional experience amounts to more than 150 years. These third-party advisors will help to guide Modere’s research and development efforts, in keeping with the company’s “live clean” promise, a commitment to avoid about 3,000 potentially harmful ingredients in its product formulations.
Modere’s newly appointed Scientific Advisory Board includes Robert A. Harper, Ph.D., a biochemist with expertise in toxicology of the skin; Wallace Hayes, Ph.D., a professor of toxicology at Michigan State University and Harvard University who has published more than 250 peer-reviewed papers; Edison Miyawaki, M.D., a specialist in psychiatry and neurology who has taught on the subjects for more than 30 years; and Tracy Cornuelle, Ph.D., who has 20-plus years of product development experience and currently works in R&D at Modere.
A final advisor, Greg Horn, also is the formulator of Modere’s M3 weight-loss system. He formerly served as CEO of Garden of Life, a top natural supplement brand, and of GNC, the world’s largest specialty retailer of nutrition products. He is now CEO of Specialty Nutrition Group, a nutrition consultancy.