The Board of Directors of Herbalife Nutrition Ltd. announced that Bosco Chiu will serve as the company’s first-ever chief risk officer.
Chiu, who has served as executive vice president and chief financial officer, has been with Herbalife Nutrition for 27 years, holding progressive roles and responsibilities over various accounting and finance functions. Before joining Herbalife Nutrition, he was an auditor at Price Waterhouse.
“With the creation of this new office, our company will become best-in-class in risk management, controls and compliance,” said John Agwunobi, chairman and CEO of Herbalife Nutrition. “Our goal is to create a model corporate culture with world class processes. Bosco Chiu, with his extensive experience in finance, accounting and audit, is the ideal executive to serve as our first chief risk officer. In his new role, Bosco will work across all business units to lead our enterprise risk management, internal controls, ethics and compliance strategy.”
In conjunction with this move, Herbalife Nutrition has promoted Alex Amezquita to chief financial officer. Amezquita joined Herbalife in 2017 and has been responsible for global corporate strategy, financial planning and analysis and pricing as well as investor relations. His new role is yet another example of Herbalife’s forward-looking succession planning. He is now responsible for all corporate financial functions at the highest level.
Both Chiu and Amezquita will report directly to Agwunobi and continue to serve on the Executive Committee.