LifeVantage Appoints New Board Members to Board of Directors
January 08 2016 - 1:00PM
LifeVantage Corporation (NASDAQ:LFVN), announced today the
appointment of Darren Jensen, the company's President and Chief
Executive Officer, and Dave Toole, a new independent director, to
its Board of Directors. The election of Mr. Jensen and Mr. Toole
brings the number of Directors to seven members and retains the
independence of the Board.
"It is with pleasure that I accept the election to LifeVantage’s
Board of Directors," said Mr. Jensen. "I am honored to work
together with our Board to continue to execute our growth
plan."
Mr. Toole stated, “I am pleased to join the Board of Directors
of LifeVantage. The company has a strong foundation with effective
and scientifically-backed products and has a number of exciting
growth initiatives in place. I look forward to applying my
experience to help LifeVantage maximize its potential.”
Garry Mauro, the company’s Chairman of the Board, added, "We are
delighted to have Darren and Dave join our Board of Directors.
Since his appointment as CEO, Darren has done a tremendous job
outlining and executing a plan that puts LifeVantage on a path to
accelerated growth. We also are excited to have someone with Dave's
expertise in marketing and leadership of a public company join our
Board of Directors. He has a solid track record for developing
digital media and driving improved results that will provide a
valuable perspective to our Board."
Mr. Jensen has served as the company’s President and Chief
Executive Officer since May 2015. Mr. Jensen brings 25 years of
global network marketing and direct selling experience to
LifeVantage from companies selling a variety of product types
including nutritional supplements and personal care products. Mr.
Jensen previously served in senior executive roles at some of the
largest and most respected direct selling companies in the world,
as well as co-founded two thriving multi-level marketing companies.
In these roles, he led the development and execution of global
sales, product development and service expansion strategies. He was
responsible for international business development, performance
improvement, and global marketing efforts in more than 100
countries within the Asia Pacific Rim, Latin America, the
Caribbean, Europe, the Middle East, and Africa. Mr. Jensen received
his Bachelor of Arts in International Relations from Brigham Young
University and was named one of Utah Business Magazine's 40 Under
Forty honorees in 2009.
Mr. Toole brings over 35 years of experience as a supply chain,
digital media and video expert, and has been the chief executive
officer of MediaMobz, a private company that enables brands to
increase their capacity to create video centric digital media that
drives business results, since 2008. Mr. Toole is also
currently the chief executive officer of Outhink Media, an emerging
media incubator, which position he has held since 2001. Prior
to Outhink Media, Mr. Toole spent 21 years at GaSonics
International, a semiconductor capital equipment company, where he
worked in various positions, including as chief executive officer
from 1993 to 2001. As chief executive officer at GaSonics,
Mr. Toole led the company’s initial public offering in 1994 and the
sale of the company to Novellus Systems in 2001. Mr. Toole
began his career at Advance Micro Devices, a manufacturer of early
computer chips, where he was a production supervisor from 1976 to
1979. Mr. Toole received his Bachelor of Arts degree in
Business from the University of California, Santa Barbara.
About LifeVantage
Corporation
LifeVantage Corporation (Nasdaq:LFVN), is a
science based network marketing company dedicated to visionary
science that looks to transform health, wellness and anti-aging
internally and externally at the cellular level. The company is the
maker of Protandim®, the Nrf2 Synergizer® patented dietary
supplement, the TrueScience™ Anti-Aging Skin Care Regimen, Canine
Health, the AXIO™ energy product line and the PhysIQ™ smart weight
management system. LifeVantage was founded in 2003 and is
headquartered in Salt Lake City, Utah.
Forward Looking Statements
This document contains forward-looking
statements made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Words and
expressions reflecting optimism, satisfaction or disappointment
with current prospects, as well as words such as "believe",
"objectives", "hopes", "intends", "estimates", "expects",
"projects", "plans", "anticipates", "look forward to", “executing
our growth plan”, “path to accelerated growth”, and variations
thereof, identify forward-looking statements, but their absence
does not mean that a statement is not forward-looking. Examples of
forward-looking statements include, but are not limited to,
statements we make regarding our leadership in the global market,
product and country expansion, and future growth and financial
performance. Such forward-looking statements are not guarantees of
performance and the Company's actual results could differ
materially from those contained in such statements. These
forward-looking statements are based on the Company's current
expectations and beliefs concerning future events affecting the
Company and involve known and unknown risks and uncertainties that
may cause the Company's actual results or outcomes to be materially
different from those anticipated and discussed herein. These risks
and uncertainties include, among others, those discussed in greater
detail in the Company's Annual Report on Form 10-K and the
Company's Quarterly Report on Form 10-Q under the caption "Risk
Factors," and in other documents filed by the Company from time to
time with the Securities and Exchange Commission. The Company
cautions investors not to place undue reliance on the
forward-looking statements contained in this document. All
forward-looking statements are based on information currently
available to the Company on the date hereof, and the Company
undertakes no obligation to revise or update these forward-looking
statements to reflect events or circumstances after the date of
this document, except as required by law.
Investor Relations Contact
Cindy England (801) 432-9036
Director of Investor Relations
-or-
John Mills (646) 277-1254
Partner, ICR INC
Company Relations Contact
John Genna (801) 432-9172
Vice President of Communications &
Corporate Partnerships
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