Herbalife Ltd. Chairman and Chief Executive Officer Michael Johnson recently purchased 61,725 shares, acquired at an average price of $8.07 per share. The resulting purchase of almost $500,000 is viewed by the company as a vote of confidence in the company’s trajectory by its most senior leaders.
“This personal investment in the company reflects my absolute confidence in Herbalife’s executive team, distributors, and the strength of our business model,” Johnson said. “For 43 years, Herbalife’s business has been undeniable. Now, bringing Stephan Gratziani, a top distributor for 32 years, in as president to work with our high impact leaders will get us even closer to the markets and to execute on aggressive topline and margin expansion initiatives—positioning us for sustainable future growth.”
