Herbalife Nutrition announced the departure of Dr. John Agwunobi, naming current board member and former Chairman and Chief Executive Officer Michael O. Johnson as the company’s Chairman and Interim CEO.
Johnson has more than four decades of experience leading multinational companies, and has been a part of the Herbalife leadership team for almost 20 years.
“Michael’s vision, intellect and passion for Herbalife Nutrition make him uniquely qualified to lead Herbalife at this time,” said Alan LeFevre, lead independent director of the Herbalife Nutrition Board of Directors. “His past success of growing the business, combined with his relationships with the company’s independent distributors, experienced management team, employees and investors, will help the company accelerate growth and unlock additional opportunities. On behalf of all of us at Herbalife Nutrition, we thank Dr. Agwunobi for his service and commitment to the company over the past seven years and wish him success in his personal and professional endeavors.”
Herbalife stated it will name a new CEO in 2023.