Nature’s Sunshine Products has appointed Joseph Baty as its next Executive Vice President and Chief Financial Officer.
Baty succeeds Stephen Bunker, who will retire from the health and wellness company at the end of the year, after assisting with the transition.
Previously, Baty held the roles of EVP and CFO with Schiff Nutrition International, a maker of vitamins and nutritional supplements such as Airborne. He was with the company from 1997 until its sale to Reckitt Benckiser in 2012, for a price of $1.4 billion. In June 2012, Baty was named CFO of the Year among large companies by Utah Business magazine. Before joining Schiff he was a partner with public accounting firm KPMG.
“I am thrilled to have someone with Joe’s track record and experience in the nutritional supplement industry join our leadership team,” said Gregory Probert, Chairman and CEO of NSP. “Joe has demonstrated the ability to work closely with business leaders to achieve outstanding financial results and deliver impressive value to shareholders.”
NSP sells its nutrition and personal-care products through a network of more than 277,000 independent Managers and Distributors. Last year, sales amounted to $325 million, putting the company at No. 51 on the DSN Global 100 ranking of the world’s top direct selling companies. Utah-based NSP operates in more than 45 countries worldwide.