USANA Health Sciences Inc. has named direct selling veteran Richard Williams, non-executive Chairman of Primerica Inc., the sixth member of its board of directors.
Williams, with Co-CEO John Addison, led financial services firm Primerica for more than 15 years before stepping down in April 2015. He initially joined the company in 1989, and served in a succession of roles that included CFO and COO of the Primerica unit under parent company Citigroup. Under the leadership of Williams and Addison, Primerica spun off from Citigroup in a successful IPO conducted in April 2010.
“[Williams] brings to our board more than 20 years of direct selling experience, along with expertise in a host of operating and financial areas that will provide significant value to USANA,” Board Chairman Myron W. Wentz, Ph.D., said in a statement. “I am delighted to have Rick join our board of directors.”
Salt Lake City-based USANA recently reported annual revenue of $918 million for 2015, its 13th consecutive year of record sales. Fourth-quarter earnings were $1.83 per share on income of $24.0 million, up 12.5 percent year over year. Management also reported 20.6 percent growth in the company’s active Associate base.
“After carefully reviewing USANA, and engaging with its leadership and employees, I am pleased to accept a seat on the company’s board of directors,” said Williams. “USANA’s strong corporate values and commitment to improving the lives of families around the world make the company a leader in the direct selling industry.”
In addition to his role as non-executive Chairman of Primerica, where he has been a member of the board since 2009, Williams lends his expertise to a variety of organizations. He currently sits on the Board of Trustees of the Woodruff Arts Center, the Anti-Defamation League Southeast Region, the Atlanta Area Council of the Boy Scouts of America and the Carter Center Board of Councilors.
