Herbalife Nutrition Ltd. (NYSE: HLF) (“Company”), a premier
global nutrition company, today announced the appointment of three
new independent members to its Board of Directors: Sophie L’Helias,
Founder and President of LeaderXXchange, Kevin M. Jones, CEO of
Rackspace Technology and Don Mulligan, former Chief Financial
Officer of General Mills.
The addition of Ms. L’Helias, Mr. Jones and Mr. Mulligan is part
of an ongoing strategic effort to add additional leadership
experience to Herbalife Nutrition’s Board of Directors to support
the Company’s continued focus on driving future growth, enhancing
its governance and creating additional shareholder value.
Board members Michael Montelongo and Margarita Paláu-Hernández
have decided to step down from the Board at the expiration of their
respective terms at the 2021 Annual General Meeting of Shareholders
on April 28, 2021.
John Agwunobi, Chairman and CEO of Herbalife Nutrition said,
“Michael and Maggie’s decisions to retire from the Board, combined
with the recent departure of Icahn Enterprise’s designees, provided
us with a unique opportunity to take a holistic look at the Board’s
composition to ensure it meets the Company’s overall strategic
needs and puts us in the strongest position to better ensure our
continued growth and success. After an extensive search, we know we
are adding three extremely qualified Board members who understand
and appreciate the important role Herbalife Nutrition plays in the
lives of millions of people each day."
Agwunobi noted, “Sophie is a visionary and passionate leader who
has made a deep and indelible impact on businesses and
organizations around the globe. Her expertise and trailblazing work
in investor sentiment, governance and sustainability, coupled with
her background in finance, will help guide the Company in elevating
our value proposition to the global finance community as well as
the public more broadly.”
“Whether it is through their extensive line of quality nutrition
products or proven economic opportunity, Herbalife Nutrition’s
mission is about empowering people and building strong
communities," said Ms. L’Helias. “I support the Company’s
commitment to integrating sustainability into their business
strategy in order to drive long-term sustainable value and
ultimately build a better world.”
Ms. L’Helias is an experienced and accomplished international
business, corporate governance and ESG expert with deep knowledge
of financial markets, ESG, corporate governance and investor
sentiment. She is President of LeaderXXchange, a trusted advisory
firm that develops value creating solutions through the integration
of sustainability and diversity in strategy, leadership and
investment. Ms. L’Helias is also the lead independent director of
Kering, a global luxury group, and serves as non-executive director
on the Board of Africa50, a development impact fund dedicated to
improving infrastructure in Africa, Agence France-Locale, a
community lending financial institution, and Echiquier Positive
Impact and Climate Impact Europe funds. She is a Fellow at The
Conference Board ESG Center in New York and serves on the Advisory
Board of the Hawkamah Governance Institute in Dubai.
Ms. L'Helias is the recipient of the 2019 International
Corporate Governance Network Lifetime Achievement Award in
Corporate Governance; the 2019 New York Women in Asset Management
Award - ESG; the 2018 Global Proxy Watch GPW 10 Award that
designates the ten most salutary corporate governance influences in
the world each year and was featured in Forbes 40 French Women
Leaders list in 2019.
"Kevin brings a wealth of knowledge to our Board, and we look
forward to his significant contributions in a variety of areas. His
experience as a highly-regarded leader of large multi-national
organizations, along with his deep technology expertise, will help
accelerate our momentum and innovation," continued Agwunobi.
“I am delighted to be joining the Herbalife Nutrition Board as
the company continues its growth trajectory in a terrific market.
Herbalife Nutrition's mission of improving people’s lives is
incredibly meaningful, and I am excited to join the team,” said Mr.
Jones.
Mr. Jones is an accomplished business leader with 30 years of
technology services experience and a track record in leading
business transformations. He is currently the CEO of Rackspace
Technology, an industry leader in multi-cloud solutions across
applications, data, security and infrastructure on the world’s
leading cloud platforms. Prior to Rackspace Technology, Mr. Jones
was the CEO of MV Transportation, the largest privately owned
transportation contracting firm in the U.S. As a testament to Mr.
Jones’ leadership skills, during his tenure as CEO, MV
Transportation achieved the highest revenue—and second highest
profit performance—in the company's 44-year history. Before joining
MV, Mr. Jones held global leadership roles at DXC Technology,
Hewlett Packard Enterprise, Dell, Hewlett Packard and Electronic
Data Systems, with a focus on strengthening customer relationships
throughout his career.
“Don’s leadership experience from more than 30 years at iconic
CPG brand companies will be a tremendous asset as we continue to
transform the nutrition and direct selling industries,” added
Agwunobi. “His expertise in international finance, deep
understanding of investors’ concerns and proven governance
credentials will be a great benefit to our current Board as we
continue to focus on creating shareholder value.”
“Herbalife Nutrition is making a real difference around the
globe with their full line of nutrition products and their proven
business opportunity. I am proud to be part of this effort and look
forward to joining my fellow board members in charting the next
course for the company,” said Mr. Mulligan.
Mr. Mulligan is a seasoned business builder with extensive
experience as a Fortune 200 company CFO and public company
director. Mr. Mulligan was most recently Executive Vice President
and Chief Financial Officer for General Mills. He joined General
Mills in 2001 and has held various senior management positions
including Vice President Financial Operations for the International
division; Vice President Financial Operations for Operations and
Technology and Vice President and Treasurer. He has worked
extensively in Asia and Latin America and has cultivated strong
relationships with institutional investors and the analyst
community. Prior to joining General Mills, Mr. Mulligan gained
extensive experience in financial management, operations and
international administration in various positions with Pillsbury,
PepsiCo and YUM! Brands. In addition to financial expertise and
shareholder insights, Mr. Mulligan brings a strong track record of
global expansion, talent development, capital structure evolution,
risk management, business restructuring, investment oversight,
M&A and corporate social responsibility. He is presently a
Director of the Tennant Company, a leader in the cleaning
technology and machinery industry.
Agwunobi concluded, “On behalf of the Board, I’d like to thank
Michael and Margarita for their leadership, commitment and
invaluable and lasting contributions to the Company. Michael was
instrumental in the recent formation of our ESG Committee which is
a key component of our strategy for the future. Margarita’s
understanding of our markets combined with her outstanding
strategic acumen helped accelerate our success. Their advice,
insight and guidance were critical as we strategically positioned
the Company for impressive growth.”
About Herbalife Nutrition Ltd.
Herbalife Nutrition is a global company that has been changing
people's lives with great nutrition products and a proven business
opportunity for its independent distributors since 1980. The
Company offers high-quality, science-backed products, sold in over
90 countries by entrepreneurial distributors who provide one-on-one
coaching and a supportive community that inspires their customers
to embrace a healthier, more active lifestyle. Through the
Company’s global campaign to eradicate hunger, Herbalife Nutrition
is also committed to bringing nutrition and education to
communities around the world.
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