USA – Global nutrition company, Herbalife Nutrition has announced that John Agwunobi has assumed the role as Chief Executive Officer (CEO), succeeding Michael Johnson.
The company previously announced the planned succession of Michael Johnson on October, 2019. After 17 years at the Company, Johnson retired as CEO effective March 30, and will retire as Chairman on April 29, 2020.
Herbalife Nutrition believes that having dedicated his life to improving people’s health, as a physician, in government service and as a corporate executive, John is uniquely suited for this new role.
In his new role, John will set the strategy for Herbalife Nutrition, overseeing all aspects of the company’s growth initiatives in the 94 countries where the company operates and continue to drive growth in the company.
“I am excited to enter my new role, with a transition that has been made seamless by our innovative and entrepreneurial distributors who are dedicated to their customer’s well-being,” he said.
“As we celebrate our 40th Anniversary, our mission of improving the nutritional habits of the world has never been more critical and I look forward to leading this amazing company as we continue to expand our reach, making all of our communities stronger.”
John joined Herbalife Nutrition in 2016 and has held a number of positions of increasing responsibility, most recently serving as the company’s co-president and chief health and nutrition officer and directing the its nutrition philosophy.
He has also served as senior vice president and president of health and wellness for the world’s largest retailer, Walmart, where he led a team of over 65,000 and grew the business from US$25 billion to over US$30 billion.
In addition to John’s transition to CEO, Herbalife Nutrition’s co-president and chief strategic officer, John DeSimone has transitioned to president.
“DeSimone is a proven leader with an extraordinarily deep knowledge of Herbalife Nutrition, having spent more than a decade in leadership positions at the Company,” Herbalife said in a statement.
Former CEO and outgoing chairman of the board, Michael Johnson, added: “The board and I have great confidence that these two talented leaders, working alongside our dedicated independent distributors, will usher in a new era of growth and innovation. This is the right leadership to deliver on this promise.”