Nature's Sunshine Appoints Stephen M. Bunker as Vice President-Finance and CFO
March 28 2006 - 7:30AM
Business Wire
Nature's Sunshine Products, Inc. (NASDAQ:NATRE), a leading
manufacturer and marketer of encapsulated herbs and vitamins, has
appointed Stephen M. Bunker, a highly experienced financial
executive, as Vice President-Finance and Chief Financial Officer,
it was announced today by Douglas Faggioli, President and Chief
Executive Officer. Mr. Bunker was Vice President of Finance and
Treasurer of Geneva Steel since July 2001 where he had broad
accounting and financial responsibilities. He joined Geneva's
predecessor company in September 1990 as Corporate Controller. A
CPA, Mr. Bunker previously was in accounting and audit with Arthur
Andersen LLP in Salt Lake City, Utah for six years. Mr. Bunker
graduated from Brigham Young University with a Masters of
Accountancy as well as a B.S., Cum Laude, in accounting. At
Nature's Sunshine, he succeeds Craig Huff, who has resigned as
Chief Financial Officer yesterday to pursue other interests. Mr.
Huff will continue to consult with the Company. "Steve's strong
background in public accountancy and his extensive experience with
a public company will greatly benefit Nature's Sunshine, and we are
very pleased to have him join our team," said Mr. Faggioli.
"Despite the recent challenges faced by our Company, we continue to
focus on its future opportunities. We know that Steve, with his
exceptional educational background and business acumen, will serve
Nature's well and that he will play an important role as we work to
resolve these issues and move forward. We wish Craig, who has been
with Nature's Sunshine for many years, well in his new endeavors."
About Nature's Sunshine Nature's Sunshine Products manufactures and
markets through direct sales encapsulated and tableted herbal
products, high quality natural vitamins, and other complementary
products. In addition to the United States, the Company has
operations in Japan, Mexico, Central America, South Korea, Canada,
Dominican Republic, Venezuela, Ecuador, Peru, the United Kingdom
and Ireland, Colombia, Brazil, Thailand, Israel, Singapore and
Taiwan. The Company also has exclusive distribution agreements with
selected companies in Argentina, Australia, Chile, New Zealand,
Norway, and the Russian Federation. Statements in this press
release concerning the Company's business outlook or future
economic performance, together with other statements that are not
historical facts, are "forward-looking statements" as that term is
defined under Federal Securities Laws. "Forward-looking statements"
are subject to risks, uncertainties and other factors, which could
cause actual results to differ materially from those set forth in
such statements. Such risks, uncertainties, and factors include,
but are not limited to, the results of Company's ongoing internal
investigation, the impact of the delisting of the Company's common
stock and failure to file periodic reports, foreign business risks,
industry cyclicality, fluctuations in customer demand and order
pattern, and changes in pricing and general economic conditions, as
well as other risks detailed in the Company's filings with the
Securities and Exchange Commission. The Company disclaims any
obligations to update any forward-looking statement as a result of
developments occurring after the date of this press release.
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