New Herbalife CEO Appointed

Herbalife, premier global nutrition company, announced the transition of its current CEO Michael O. Johnson to his successor Richard P. Goudis. New Herbalife CEO Goudis, who was currently the COO, will now undertake the position of the Executive Chairman of Herbalife.

Herbalife is a Los Angeles-based company that sells products through representative with annual sales totaling $4.5 Billion dollars in 2016. You can see the other top 100 companies by revenue in our recent post. In addition, Herbalife expanded to five locations worldwide with more than 8,000 employees.

Richard Gouda, new Herbalife CEO, will set the strategy for the company while guiding the business and growth initiatives in all 94 countries of operation. Most notably, Goudis will be responsible for strengthening and increasing the base of distributors and customers. Herbalife plans to develop many new product lines backed with strong scientific support.

“This is an exciting time to be leading such a dynamic team of dedicated professionals who everyday position our company for further innovation and growth,” Goudis said in a statement. “Our talented global distributors bring innovative products to market that help customers live healthy, active lifestyles, truly making us the premier global nutrition company.”

About Herbalife Ltd.

Herbalife is a global nutrition company that has been changing people’s lives with great products since 1980. Our nutrition, weight-management, energy and fitness and personal care products are available exclusively to and through dedicated Herbalife independent distributors in more than 90 countries. We are committed to fighting the worldwide problems of poor nutrition and obesity by offering high-quality products, one-on-one coaching with an Herbalife distributor and a community that inspires customers to live a healthy, active life.

The Herbalife website contains a significant amount of financial and other information about the company at http://ir.Herbalife.com. The company encourages investors to visit its website from time to time, as information is updated and new information is posted.