2023-08-02 17:17:10 ET
- Herbalife ( NYSE: HLF ) has named Stephan Paulo Gratziani as its chief strategy officer, replacing John DeSimone, the company said Wednesday.
- The appointment will be effective on August 4, 2023.
- Gratziani will report directly to chairman and CEO Michael Johnson.
- Gratziani has over 32 years of experience and, as an independent distributor, has expanded Herbalife's business to 70 markets across North America, South America, Europe, and Asia.
- In connection with the appointment, Gratziani resigned from the company’s board.
- Additionally, Gratziani agreed to suspend his Herbalife distributorship and waived any rights to his distributorship earnings under the company’s marketing plan during the term of his employment through December 31, 2025.
- Press Release .
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Herbalife names experienced distributor Gratziani as chief strategy officer