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July 01, 2017

Executive Announcements

Executive Announcements, July 2017

Richard P. Goudis Transitions to Herbalife CEO

Los Angeles-based Herbalife Nutrition announced the official transition of Richard P. Goudis as the new 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, education and training, Goudis will set the strategy for Herbalife, overseeing all aspects of the company’s growth initiatives. 

“This is an exciting time to be leading such a dynamic team of dedicated professionals who every day position our company for further innovation and growth,” said Goudis. 

Goudis, a recognized leader in the nutrition industry, has more than 18 years of experience in the field of nutrition with 13 years as part of the Herbalife management team, serving as COO since 2010 and CFO from 2004 to 2009. During his tenure as COO, the company expanded its Herbalife Innovation and Manufacturing (H.I.M.) facilities to five locations around the world. Under his management, Herbalife also grew its employee base to more than 8,000 people worldwide.

Newly appointed Executive Chairman Johnson draws from his extensive working history with Goudis to say, “The Board and I could 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
the future.”

USANA Announces New Appointments and Roles

USANA, the Salt Lake City, Utah-based wellness company, recently announced new appointments and roles for executive positions to strengthen the company’s leadership team.

CEO Kevin Guest has been appointed to the company’s board of directors. His association with USANA began 25 years ago when his media company, FMG Productions, was hired to produce marketing materials. After Guest was hired as Executive Director of Media and Events at USANA, more promotions followed, culminating with him becoming Co-CEO with then-CEO Dave Wentz in 2015. In November 2016, he became sole CEO when Wentz stepped down to focus on his family and to become Chairman of the Direct Selling Education Foundation.

“Being a member of both the board of directors and management team at USANA allows me the unique opportunity to create a closer tie between the two—which can only help in building a better USANA,” said Guest.

Doug Hekking, former Executive Vice President of Finance, is now Chief Financial Officer. This will be the second time that Hekking has assumed the role in the company, having previously served as CFO between May 2011 and December 2012.

Paul Jones, who has served as both Chief Financial Officer and Chief Leadership Development Officer, will now concentrate exclusively on his role as the latter, where he will lead the human resources and organizational development of the company worldwide. 

Fernandez, Thompson Named to Avon’s Leadership Team

London-based Avon Products Inc., the company for women, has appointed Miguel Fernandez as Global President, with responsibility for commercial business operations, as well as James Thompson as Senior Vice President, General Counsel and Chief Ethics and Compliance Officer, effective in August.

Fernandez is a seasoned executive with more than 20 years of operating experience, including significant international experience and a proven track record in the direct selling channel. He joins Avon following nearly 10 years at a leading direct seller of health and wellness products, where he served as Executive Vice President and Managing Director for the Americas and Worldwide Member Operations. 

Prior to that, Fernandez was Chief Financial Officer at OCC Mundial and Business Controller for Microsoft in Mexico. His earlier career included roles in investment banking at JPMorgan Chase in New York and financial management at Procter & Gamble.

Thompson previously served as Executive Vice President, General Counsel and Secretary to Chiquita Brands International Inc. for nine years. He is an experienced general counsel with significant global experience, including handling a range of highly complex operational, governance, regulatory and transactional matters.

Prior to Chiquita, Thompson was Group Vice President and General Counsel at McLeod USA, a publicly traded telecommunications company.
Both men will be based at Avon’s headquarters in London.

Youngevity Adds Kevin Allodi and Paul Sallwasser to Its Board of Directors

In continued preparation for its listing on the NASDAQ Capital Market, Chula Vista, California-based Youngevity International has increased the breadth of experience in its Board of Directors by adding Kevin Allodi and Paul Sallwasser. Both new board members’ insights from careers with exchange-traded publicly held companies are expected to be vital as Youngevity prepares for its uplisting.

Their appointments increase the number of independent directors serving on the board to four members, who now represent a majority of the Board. 

Allodi is a veteran of the communications and mobile software industry. He served as President/Corporate Vice President of Internet billing & customer management startup Portal Software Inc., aiding in its successful IPO in 1999. Allodi is currently CEO and Co-Founder of Philo Broadcasting, a media holding company.

Sallwasser, a certified CPA, joined the audit staff of Ernst & Young LLP in 1976 and remained with Ernst & Young LLP for 38 years. He served a broad range of clients primarily in the healthcare and biotechnology industries, of which a significant number were SEC registrants. Sallwasser served in the national office as a member of the Quality and Regulatory Matters Group working with regulators and the Public Company Accounting Oversight Board (PCAOB).

Sallwasser also qualifies as an “audit committee financial expert,” as defined by the rules of the SEC. 

MONAT Global Welcomes New Executives

MONAT Global, the Doral, Florida-based direct seller, has hired industry veteran Janet Cronstedt to be the hair care company’s Vice President of Sales, U.S. Cronstedt previously held key positions in direct selling, including Vice President of Sales, Chief Growth Officer and Senior Vice President of Sales and Marketing. 

“We are thrilled to have Janet with us,” said Stuart MacMillan, President of MONAT. “Her vast experience in building high-performing teams and engaging customers is exactly the leadership we need as MONAT continues to expand and grow across the continent.”

Separately, MONAT also brought on board Thomas J. Hoolihan to serve as Senior Vice President and Chief Legal Officer. Hoolihan has served as General Counsel and held senior management positions at public and private companies across a range of industries, and has been advising in the direct selling industry since 2004. He specializes in helping entrepreneurial companies achieve sustainable growth and profitability. “With our field now adequately covered and premier legal counsel on board, MONAT is well primed for continued growth and expansion,” MacMillan said.

SeneGence International Appoints New President

Irvine, California-based SeneGence International has named Philippe Guerreau President.

Guerreau has been a member of the SeneGence Supervisory Board for more than four years. He was previously a Vice President at L’Oréal USA, where he oversaw finance for North American manufacturing operations as well as plant expansions and manufacturing cost optimization projects. 

“We are so excited to have Philippe lead our executive team,” said SeneGence Founder and CEO Joni Rogers-Kante. “Philippe brings expansive industry knowledge to SeneGence. With our booming growth, he will play a key role in guiding the company into what is sure to be a bright future.”

Guerreau previously held CFO, President and CEO roles in various industries, and has been part of forward-thinking industrial solutions that anticipate client needs in terms of profitability, safety and compliance with environmental standards. At Senegence, he will utilize his skills in organizational development, financial planning and analysis, change management, and process improvement to develop and implement best practices in the company.

ForeverGreen Promotes Rick Redford to CEO

Lindon, Utah-based ForeverGreen Worldwide Corp. has appointed Rick Redford as CEO, as part of its restructuring, first announced on March 2. 

“Finding the right person has been a timely and thorough process for the company,” said Ron Williams, who resigned as President and CEO but will remain a member of the Board of Directors. “Mr. Redford has the right experience and knowledge to do an outstanding job as the company’s new CEO.” 

Redford, who has over 20 years of experience in the direct selling channel, has been involved with the company since the start, initially for five years and most recently when he came back last year as COO. 

Williams will continue with ForeverGreen in a consulting role, working directly with leadership in the field.