Melaleuca announced Frank VanderSloot, who has served as the company’s Chief Executive Officer since 1985, will now move into a role as the Executive Chairman of the Board of Directors and be succeeded by Jerry Felton, who for the last decade has overseen the company’s international operations.
VanderSloot will now focus on the company’s corporate strategy, messaging, new product development and corporate culture, and will continue to direct and manage the company’s marketing and legal departments. Felton will now take over the responsibilities of the day-to-day operations of the $2 billion company and will report directly to VanderSloot.
“We’re at a great time at Melaleuca right now,” Felton said. “Our business is strong, it’s vibrant, and it’s growing. Our success can be attributed to foundational principles, solid leadership, and a culture that delivers on our noble mission of enhancing lives. Our business model is more relevant and more sustainable than it has ever been. Our future is very bright, and we should all be proud of what we’ve built under Frank’s leadership.”