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Herbalife Nutrition Ltd. (“Company”), a premier global nutrition company, today announced that industry veteran Michael O. Johnson will be a nominee for Herbalife Nutrition’s Board of Directors in the upcoming Annual General Meeting. Mr. Johnson, Herbalife Nutrition’s long- time past Chairman and CEO, is a significant and long-standing investor in the Company. He brings decades of experience in corporate leadership and in the direct selling industry, as well as expertise in product innovation and marketing.
The addition of Mr. Johnson as a nominee to the Board of Directors is part of the Company’s strategy to build a Board with varied expertise and viewpoints that supports the continuing growth of the Company. With the nomination of Mr. Johnson and the three new board members appointed in March 2021, the slate for the Board includes 10 directors, five of whom are members of diverse communities. The Board of Directors anticipates expanding the Board by another seat in the near future, bringing the Board to eleven members, and filling the Board five board seats that were vacated following the Company’s repurchase of approximately $600 million of Herbalife Nutrition common shares from Icahn Enterprises LP last year.
John Agwunobi, Chairman and…
Full story available on Benzinga.com
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