Herbalife is bolstering its compliance team with the addition of a Senior Vice President of Global Member Compliance and Privacy. The nutrition company has appointed former FTC commissioner Pamela Jones Harbour to the new position, reporting to Executive Vice President and General Counsel Mark Friedman.
Harbour served as FTC Commissioner from 2003 to 2010 and also spent 12 years as a prosecutor for the New York State Attorney General’s office. At Herbalife, she will oversee the development and monitoring of the company’s training and mentoring programs. Harbour—who earned the Electronic Privacy Information Center’s (EPIC) “Champion of Freedom Award” for her FTC work defending consumer privacy—will also direct the company’s global privacy and cyber security efforts.
Herbalife also tweaked its executive team in July, when Alan Hoffman filled the newly created position of Executive Vice President of Global Corporate Affairs. Having served as Senior Vice President for Global Public Policy at PepsiCo, Hoffman brought expertise in public policy, communications and government affairs.
Amid short seller Bill Ackman’s campaign against the company, and the FTC civil investigation sparked by his efforts, investors responded positively to Herbalife’s latest hire. The company’s stock rose $2.69 on Monday to $47.30. For the year, shares in Herbalife are down 40 percent through Monday’s close. Herbalife will report its third quarter 2014 financial results on Monday, Nov. 3.
