NUS - Nu Skin CEO to step down in September
Nu Skin (NUS) CEO Ritch Wood says he plans to retire after 25 years at the company. He will be succeeded by President Ryan Napierski in September. Wood also posted an update on the business. "Throughout the year, we stayed focused on our strategy and capitalized on the opportunities available to us through our prior investments in product innovation, technology and manufacturing to build our customer base and empower our sales leaders. Ultimately, these efforts enabled us to grow ahead of plan, as we reported revenue growth of 7% during 2020 and EPS growth of 17%." "In addition, we built on our industry-leading charitable initiatives with projects all around the world, achieved our 2020 sustainability milestone of assessing, scoring and improving the environmental impact of our top 20 products and strengthened our diversity, equity and inclusion efforts." Nu Skin is down 0.53% premarket to $52.71. Shares are off 3.00% YTD,
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Nu Skin CEO to step down in September