The Board of Directors of Herbalife Nutrition has announced that John Agwunobi, Co-President and Chief Health and Nutrition Officer, will become Chief Executive Officer, effective March 30, 2020.
At that time, John DeSimone, Co-President and Chief Strategic Officer, will become President. Michael Johnson, who is serving as CEO on an interim basis, will remain Chairman of the Board of Directors.
“With an accomplished and unique background as a physician, public health official and business leader, Dr Agwunobi embodies our company’s vision, values and nutrition philosophy,” said Michael Johnson. “He has been an integral part of our business, from customer and distributor experiences to product development, and I am confident he has the vision, skills and experience necessary to lead this great company into the future. I look forward to working closely with him throughout the transition and in my capacity as Chairman.”
John Agwunobi, MD, MBA, MPH, joined Herbalife Nutrition as Chief Health and Nutrition Officer in 2016 and was named Co-President in 2018. Agwunobi has led the company’s efforts in expanding its product portfolio and strengthening relationships with distributors and customers.
“I am incredibly excited about the opportunities ahead for Herbalife Nutrition,” said Dr Agwunobi. “Thanks to the dedication and commitment of our independent distributors and employees, we are changing millions of people’s lives by helping them improve their nutrition with proven, great-tasting products and personalized support, while also providing our distributors the opportunity to be an entrepreneur.
“Our business is strong and our future is bright, and I look forward to continuing on our positive trajectory for the benefit of our distributors, their customers, employees and shareholders.”
Incoming company President John DeSimone joined Herbalife Nutrition in 2007 as Senior Vice President, Finance and then served as Chief Financial Officer for eight years before being named Co-President and Chief Strategic Officer in 2018. As Chief Financial Officer, DeSimone had global responsibility for all financial departments including accounting, tax, treasury, strategic planning and investor relations – as well as heading the company’s member compliance and insights groups.
In his most recent role, he managed the company’s regional leadership, who are responsible for growing the company’s premier nutrition business and driving performance in more than 94 countries around the globe.
Michael Johnson added, “John DeSimone is a proven leader with an extraordinarily deep knowledge of our business, having spent more than a decade in leadership positions at Herbalife Nutrition. We are fortunate to have him serve as our President, partnering with the leadership team to drive our strategy, execute on our long-term growth plans and help further our mission.”
John DeSimone said, “I have a deep connection to Herbalife Nutrition and everything this great company stands for, and I am eager for us to continue to unlock the tremendous opportunities that lie ahead. Working closely with my friend and colleague Dr Agwunobi, along with our extraordinary team, we will continue to grow our business and help even more people around the globe pursue healthy, active lifestyles and a unique entrepreneurial opportunity.”