LifeVantage Corporation (NASDAQ:LFVN), commented today on the
enhanced strategic skills and experience added to its corporate
governance team over the past two months.
"I am extremely proud of the depth and breadth of
strategic skills and business experience we have added to both our
executive team and Board of Directors over the last couple of
months,” said LifeVantage President and Chief Executive Officer,
Darren Jensen. "Over the past couple weeks, we have strengthened
our management team by adding highly qualified individuals to the
positions of Chief Financial Officer and Chief Operating Officer. I
would also like to highlight the recent additions to our Board of
Directors: Raymond Greer, Vinayak Hegde and Darwin Lewis. These
three independent Board members each bring relevant strategic
capabilities to our Board that will further aid in the achievement
of our strategic priorities to more effectively engage our
distributors and customers, compete globally within the new
economy, provide relentless focus on science-based nutrigenomics
products and related science, and create frictionless customer and
distributor experiences.”
Mr. Jensen continued “We are privileged to add
Raymond Greer’s capabilities in international logistics and supply
chain management. Ray has already provided valuable insights to
further improve operations, which will facilitate our international
expansion efforts and enhance customer service across our global
distribution footprint. Vinayak Hegde’s unparalleled experience,
technical skills and knowledge in digital and e-commerce, including
tenures at Groupon and Amazon.com, will be leveraged to more
effectively engage both our distributors and customers while
enhancing our strategic e-commerce and technology
investments. Darwin Lewis’ extensive knowledge in global
consumer goods sales and operations at SC Johnson, including
building brands and operations in China, are perfectly timed to
support our strategy to expand our Hong Kong operations across
Greater China while supporting our long-term growth efforts across
current and future international markets.”
“Over the past months, we have undoubtedly
assembled the most experienced Board of Directors in the history of
LifeVantage that will support recent enhancements to our executive
team. I look forward to leveraging the skills we have assembled as
we execute our strategic business plan,” concluded Mr. Jensen.
Biographies of recent Board member
additions:
Mr. Greer brings over 30 years of logistics and
transportation experience. Mr. Greer has served as the President of
BNSF Logistics, LLC, a Berkshire Hathaway company since 2011.
Previously, Mr. Greer served as President and Chief Executive
Officer of Greatwide Logistics Services and as President and Chief
Executive Officer for Newgistics, Inc. Mr. Greer has also held
multiple senior management positions with Ryder System, Inc. and
FedEx Corporation. Mr. Greer also serves as a director of DCT
Industrial Trust (DCT) and OmniChannel logistics company Amware
Logistics. Mr. Greer received an Executive Masters in Information
Systems & Telecommunications from Christian Brothers University
and a Bachelor of Science in Mathematics from the University of
Utah.
Mr. Hegde brings expertise from positions held in
the digital and e-commerce space, along with technical expertise in
technology. He has served as the Senior Vice President and Global
Chief Marketing Officer as well as Vice President of Engineering
and Global Online Marketing at Groupon, a company that operates
online local commerce marketplaces that connect merchants to
consumers by offering discounted goods and services in Europe,
North America and Africa since 2012. Prior to Groupon Mr. Hegde
served in various roles including Director, General Manager of
Worldwide Marketing, and Manager, Global Payment Services - India
at Amazon.com from 2000 to 2012. Mr. Hegde served in management and
engineering roles at Oracle - India, Verifone - India, Lucent,
Tatas and Citicorp. Mr. Hegde currently sits on the board of
directors of nearbuy.com, an India-based online marketplace
platform. Mr. Hegde received his Bachelor of Science degree in
Electrical Engineering from the National Institute of Technology
Karnataka in Karnataka, India.
Mr. Lewis will contribute nearly four decades of
knowledge of the global consumer goods business. Mr. Lewis most
recently serves as the Senior Vice President-Global Sales and Chief
Customer Officer at SC Johnson & Son, Inc., a global consumer
packaged goods company, a position he has held since 2015. Over the
past 36 years, Mr. Lewis has held a number of sales, marketing,
acquisition and general manager positions both domestically and
abroad for SC Johnson. Mr. Lewis’ roles at SC Johnson have included
Senior Vice President of North American Sales and Chief Customer
Officer, Vice President, Group General Manager in Greater China,
Vice President of North American Sales, and President and General
Manager over SCJ Canada. Mr. Lewis also served in various other
roles at SC Johnson including National Director of Special
Business, Division Sales Director over the Midwest Division,
Marketing Associate, Sales Director, Director of Trade Marketing
and Area Manager and Division Sales Director. Mr. Lewis received
his Masters of Business Administration from the University of
Colorado and his Bachelor of Science degree in Business
Administration from the University of Minnesota.
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 "will", "believe",
"objectives", "hopes", "intends", "estimates", "expects",
"projects", "plans", "anticipates", "look forward to", 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, our international expansion, including across Greater
China, new products and technology, 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 Contacts:
Cindy England
Director of Investor Relations
(801) 432-9036
investor@lifevantage.com
-or-
Scott Van Winkle
Managing Director, ICR
(617) 956-6736
scott.vanwinkle@icrinc.com
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