Herbalife Nutrition has 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 L’Helias, Jones and 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 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 [L’Helias] 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.
“Kevin [Jones] 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.”
“Don Mulligan’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.”
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.”
