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Avon’s Zijderveld Named Founding Member of NYSE Board Advisory Council to Advance Board Diversity

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The New York Stock Exchange today announced the launch of the NYSE Board Advisory Council, which will proactively address the critical need for inclusive leadership by connecting diverse candidates with companies seeking new directors.

The Council is comprised of 13 Founding Member CEOs from some of the world’s largest and most well-established brands, including Avon’s CEO Jan Zijderveld.

“Diversity is critical to success—it opens up creative thinking, brings fresh perspectives and ignites new ways of working,” said Zijderveld. “Diversity improves business performance. I’m delighted to be part of the NYSE Board Advisory Council. Avon has a strong track record in creating opportunities for women’s economic participation, but there is always more to do, and I look forward to working with the other board members to continue to shift the dial on diversity in all its forms. This is really important work as we seek to go even further in opening up more opportunities for more talent, ultimately helping more businesses to thrive.”

“It’s incredible to see CEOs of our NYSE community come together on this mission and join the NYSE Board Advisory Council,” said NYSE Executive Vice Chairman and Co-Chair of the Council, Betty Liu. “Board recruiting can be a difficult, time-consuming activity. At the same time, getting placed on a board can seem like a mysterious process where you need to know the right people. With the formation of this Council, we hope to smooth and accelerate this process for our NYSE community, while at the same time directly addressing the need for more diversity on corporate boards. I believe we’ll make a meaningful impact on creating a more inclusive future.”

Founding members of the NYSE Board Advisory Council are:

  • Avon Products, Inc. (NYSE: AVP) Chief Executive Officer and member of the Board of Directors, Jan Zijderveld
  • American Water Works Company, Inc. (NYSE: AWK) President and Chief Executive Officer, Susan Story
  • Care.com, Inc. (NYSE: CRCM) Founder, Chairwoman and Chief Executive Officer, Sheila Lirio Marcelo
  • The Container Store Group, Inc. (NYSE: TCS) Chief Executive Officer, Melissa Reiff
  • The Coca-Cola Company (NYSE: KO), Chairman and Chief Executive Officer, James Quincey
  • The Hertz Corporation (NYSE: HTZ), President and Chief Executive Officer, Kathryn Marinello
  • Johnson & Johnson (NYSE: JNJ) Chairman and Chief Executive Officer, Alex Gorsky
  • Merck & Co., Inc. (NYSE: MRK) Chairman and Chief Executive Officer, Kenneth C. Frazier
  • MSCI Inc. (NYSE: MSCI) Chairman and Chief Executive Officer, Henry Fernandez
  • Procter & Gamble Company (NYSE: PG) Chairman, President and Chief Executive Officer, David Taylor
  • Rent the Runway Co-Founder and Chief Executive Officer, Jennifer Hyman
  • Slack Technologies, Inc. (NYSE: WORK) Co-Founder and Chief Executive Officer, Stewart Butterfield
  • State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), President and Chief Executive Officer, Cyrus Taraporevala
  • Twilio Inc. (NYSE: TWLO) Chief Executive Officer and Co-Founder, Jeff Lawson

The Council will be led by former Commissioner of the U.S. Commodity Futures Trading Commission (CFTC) and Seneca Women partner, Sharon Bowen and Duriya Farooqui, both Board Members of Intercontinental Exchange, as well as Liu.

U.S. DSA Announces 2019 Officers, Directors

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The U.S. Direct Selling Association (DSA) recently announced elected officers and directors to the association’s Board of Directors.

 

Officers and directors of the association are recognized leaders who have earned the respect of their colleagues and the public and are committed to lead and direct the affairs of the association. The board officers will each serve one-year terms in their elected positions, and directors will each serve three-year terms.

 

“DSA is so fortunate to work with a talented and dedicated slate of directors and officers,” said Joseph N. Mariano, DSA president. “We are forever grateful for the time and effort the Board spends helping to shape the future of direct selling for our members.”

 

Board Members

·       Chairman: Ryan Napierski, President, Nu Skin Enterprises

·       Vice Chairman: Dr. Traci Lynn Burton, Founder & Chief Executive Officer, Traci Lynn Inc.

·       Vice Chairman: Connie Tang, President & Chief Executive Officer, Princess House, Inc.

·       Treasurer: David Merriman, Executive Vice President, ACN, Inc.

·       Immediate Past Chairman: John Parker, Chief Sales Officer, Amway

·       Past Chairman: David Holl, President & Chief Executive Officer, Mary Kay Inc.

 

Directors (for terms expiring in 2022)

·       Dan Chard, Chief Executive Officer, Medifast – OPTAVIA

·       Heather Chastain, President US and Canada, Shaklee Corporation

·       Erik Johnson, Chairman & Chief Executive Officer, Hy Cite Enterprises, LLC

·       Pamela Jones Harbour, Senior Vice President and Legal Officer, Global Member Compliance and Privacy, Herbalife Nutrition

·       Dan Moore, Southwestern Advantage

·       Brett “Ben” Rogers, Executive Vice President and General Counsel, Primerica, Inc.

·       Joni Rogers-Kante, Founder and Chief Executive Officer, SeneGence International

·       Mark Stastny, Chief Marketing Officer, Scentsy, Inc.

 

Continuing Directors

·       Ursula Dudley Oglesby, Dudley Beauty Corp. LLC (2020)

·       Aaron Eddington, Melaleuca, Inc. (2020)

·       Steve Fisher, Stream Gas & Electric, Ltd. DBA Stream (2021)

·       Kevin Guest, USANA Health Sciences, Inc. (2021)

·       Darren Jensen, LifeVantage Corporation (2021)

·       Danny Lee, 4Life Research (2020)

·       Aidan O’Hare, Forever Living Products (2020)

·       Paul Vidovich, Rexair LLC (2021)

·       Steve Wallach, Youngevity International, Inc. (2021)

Forbes Names Nu Skin One of America’s Best-in-State Employers

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Nu Skin has been recognized by Forbes magazine as one of America’s Best Employers in Utah for 2019.

The company has consistently been recognized as a top employer in its industry and its markets around the world, and this recognition is part of Forbes’ inaugural listing of Best Employers by State.

“As Nu Skin has grown the past 35 years into a multi-billion-dollar, global company, we have continually strengthened our enriching and uplifting culture and family-like atmosphere that are the core of who we are,” said Ritch Wood, CEO. “Our people are at the heart of everything we do, and our investments are focused on empowering them to reach their potential.”

For 35 years Nu Skin has operated with the mission to be a force for good by empowering people to improve lives, which includes providing an enriching, uplifting culture. Some of the key benefits and programs Nu Skin has become known for include:

  • Numerous employee activities throughout the year, including holiday events and a summer party at a local theme park exclusively for employees and their families
  • A paid day off for community service of each employee’s choosing as well as a company service day and a sponsored service trip to Malawi for several employees each year
  • Dedicated work hours and space for innovation and brainstorming
  • Resources and training to drive customer-centric focus and professional development throughout the business
  • Generous bonus structure and 401k matching along with award-winning retirement readiness planning
  • Wellness programs that reduce health insurance premiums, an on-site fitness center and monthly allowance for Nu Skin products

 Forbes partnered with market research company Statista to survey more than 80,000 Americans working for companies with at least 500 employees. All surveys were anonymous, allowing participants to openly share their opinions on their own employer as well as other employers in their respective industries.

Plexus Worldwide to Expand into Mexico in 2020

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Plexus Worldwide recently announced it will expand into Mexico in early 2020, making it the company’s fourth market along with the U.S., Canada and Australia.

Plexus’ Mexico headquarters will be in Guadalajara where its warehouse and office space will be located. Local staff are being hired to help grow Plexus’ presence and introduce the line of science-based health and wellness products, as well as to assist those in Mexico who want to build their own home-based businesses focused on health and wellness.

“Plexus’ ability to grow so rapidly is thanks to the dedicated Ambassadors who are improving their own lives thanks to these products, leading them to spread our message of health and happiness,” said Tarl Robinson, chief executive officer of Plexus. “Our science-based health and wellness products are changing the lives of families across the US, Canada and Australia and we are thrilled that the people of Mexico will soon have access to Plexus products and this opportunity.”

Plexus chose Mexico as its next global market due to its large population of 129 million people, a growing demand for health and wellness products and the company’s success in reaching the U.S. Hispanic market. Plexus already communicates new opportunities in both English and Spanish on company websites, through social outreach, communications, training, business coaching materials and product information.

“Our expansion into Mexico is the next natural step of Plexus’ global evolution,” said Christopher Pair, president of Operations and International at Plexus. “As one of our industry’s fastest growing companies, we look forward to future success as we provide greater opportunities to families and individuals who want to embrace a healthy and happy lifestyle.”

In addition to Plexus’ line of science-based health and wellness products, Plexus’ Nourish One® initiative, one of its many charitable efforts, will extend into the Mexican market to bring awareness to child hunger. For every serving sold of Plexus Lean™ in Mexico, Plexus will make a monetary donation to Mary’s Meals, a global child hunger charity that feeds 1.4 million children a day in a place of education.

Herbalife Survey: 7 in 10 People in Asia Pacific Aspire to Be Business Owner

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Herbalife Nutrition’s recently released Asia Pacific Entrepreneurship Survey 2019 revealed that seven in 10 (71%) of consumers in the region aspire to own a business.

Conducted in April 2019, the study showed the desire to become an entrepreneur being the strongest among those in Indonesia (96%), the Philippines (92%), Thailand (89%) and Malaysia (86%). In addition, the majority (54%) of people in Asia Pacific believe that working on their own business would be more fulfilling as compared to working for someone else.

“Many Asia Pacific consumers dream of starting their own business, but the process of doing so can be daunting,” said Stephen Conchie, senior vice president and managing director for Asia Pacific, Herbalife Nutrition. “Through this study, new insights into the perceptions and attitudes of aspiring entrepreneurs, as well as the experiences of current entrepreneurs were uncovered to help us better understand how we can support people’s ambitions, in hope that more will find the courage to take the leap and become an entrepreneur one day.”

Desire to Fulfill a Dream Motivates Entrepreneurs to Start Their Own Business

When Asia Pacific entrepreneurs were asked about the reasons for starting their own businesses, the desire to fulfill a dream topped the list, with close to half (48%) of the respondents who already own their own businesses (entrepreneurs) polled agreeing with this point. This was followed by:

  • The desire for income gain (43%)
  • The need to follow their gut/intuition (37%)
  • Encouragement by family (30%)
  • Encouragement by friends (22%)

While their entrepreneurship experiences differ, a large majority of entrepreneurs in Asia Pacific—three in four (77%)—said that being an entrepreneur has created greater happiness for them ever since they started on the journey, showing that entrepreneurship can be rewarding for people in the region.

Majority of Aspiring Entrepreneurs Have Dreamt of Day They Can Quit Their Job

Among those who aspire to start their own business (aspiring entrepreneurs), two in three (67%) said that they have dreamt of the day when they can tell their boss that they are quitting their job, and for good reason, as six in 10 (62%) believe that their business idea would be revolutionary for the industry. This sentiment was even more evident in Malaysia (80%), the Philippines (78%), Thailand (74%) and Indonesia (68%), where a larger proportion of aspiring entrepreneurs are convinced that their business idea would revolutionize the industry.

Besides impacting the industry, aspiring entrepreneurs also believe that having their own business has many potential benefits. These include:

  • Flexibility in their work/life schedule (65%)
  • Potential to grow their own income (60%)
  • Ability to be their own boss (55%)
  • Allow them to pursue their passion (52%)
  • Increased job satisfaction (45%)

Entrepreneurship Remains Daunting to Most Aspiring Entrepreneurs

While the benefits associated with entrepreneurship were clear, more than eight in 10 (85%) aspiring entrepreneurs expressed that they feel overwhelmed by the prospect of starting their own business. In fact, 79 percent sometimes feel that they may never have the opportunity to start their own business.

Nonetheless, aspiring entrepreneurs in Asia Pacific remain relatively practical about their entrepreneurship dream. Close to half (47%) consider the earning potential of a new business as important as the need to follow their passion, while 33 percent of aspiring entrepreneurs consider the earning potential of a new business more important than the need to follow their passion.

This insight is echoed by their financial risk appetite, as the majority of aspiring entrepreneurs—four in five (78%)—would use their own money as a means of initial financing for their own business. Only a small number—28 percent —would use money from their family to do so, while 26 percent would ride on small business loans and 25 percent would take on personal loans to finance their new business.

Cost Biggest Barrier for Entrepreneurship in Asia Pacific

When asked about the barriers to entrepreneurship, majority of aspiring entrepreneurs (65%) cited the initial cost of starting a business as the top barrier preventing them from doing so. This was followed by:

  • Worries of the business not being successful (42%)
  • Worries of the business not being profitable (40%)
  • Lack of financing and market knowledge support (40%)

However, the majority of aspiring entrepreneurs (77%) also shared that they would be more confident in starting their own business if they had a business partners involved. This was particularly evident in Malaysia (83%), Indonesia (79%), the Philippines (76%) and Thailand (73%).

“From the study we observed that potential entrepreneurs choose their paths with great forethought,” said Conchie. “Not only does the potential business need to have a clear earning potential, it also needs to have a relatively low start-up cost for aspiring entrepreneurs to take the leap of faith. Nonetheless, starting a business will always come with its own set of benefits as well as risks, hence it is important to find a good support network that can lend the right expertise and knowledge to help kickstart the entrepreneurship journey, while reducing the risks at the same time.”

The Asia Pacific Entrepreneurship Survey 2019 was commissioned by Herbalife Nutrition and conducted by OnePoll in April 2019, with 9,000 respondents in nine Asia Pacific markets. Featured markets included Australia, Hong Kong, Indonesia, Japan, Korea, Malaysia, Philippines, Singapore and Thailand.

Avon Given Prestigious Cannes Lions Award

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Avon Product Inc. has been awarded its first Cannes Lions award for the “You’re Not Alone” campaign from the Avon Institute in Brazil.

The campaign features domestic objects like pots and pans and cushions speaking out for the women experiencing violence to reinforce how invisible the problem can be when the only witnesses can’t tell the story. The bronze lion for industry craft was awarded at the prestigious International Festival of Creativity held in Cannes, France, the world’s biggest gathering for the creative marketing community.

This global recognition celebrates the creativity and impact of the campaign which ran in Brazil to drive awareness about violence against women and girls. One in three women worldwide will experience violence in some form during her lifetime. Avon wants to change it, and that’s why it launched its global Promise to Help End Violence Against Women and Girls to encourage conversation, provide information and improve support. Since it launched its first campaign in 2004, the Avon Foundation for Women has donated more than $60 million to the cause.

“We are so proud to have won the Cannes Lions award,” said Daniela Grelin, executive director of the Avon Institute in Brazil. “It’s the most prestigious recognition for creativity in the world. It’s not just about the recognition for our work, it’s about knowing that we’re making a difference. The more awareness we can drive for the issue, the more potential there is to improve and saves lives. We proudly stand4her and are honored to accept the award alongside our creative agency partners Wunderman Thompson.”

Celebrating and sharing Avon’s work to reach more people is central to the company’s Open Up strategy. Danielle Bibas, vice president of Marketing for Brazil said, “Our purpose is to improve the lives of women, whether that’s through offering great quality beauty products, an earning opportunity or committing to causes that matter to her. We live this purpose every day by combining practical commitment, great talent and bold vision and we’re incredibly proud to do so.”

Women Executives Believe They Must Adjust Leadership Style More Often Than Men to Advance

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A majority of executive women say they must both change their leadership styles and be more adaptable than their male counterparts in order to lead successfully and advance in their careers, according to a new study released today by KPMG LLP, the U.S. audit, tax, and advisory firm.

“Advancing the Future of Women in Business: A KPMG Women’s Leadership Summit Report” polled 550 high-performing executive women who are 1-2 career steps away from the C-suite and have participated in the KPMG Women’s Leadership Summit.

“As KPMG’s chairman and CEO, I’m especially passionate about our firm’s commitment to advancing more women into the C-suite,” said Lynne Doughtie. “It’s important for organizations everywhere to gain a more thorough understanding of the specific challenges women on the verge of breaking into the C-suite face. Our latest study provides valuable insights into these challenges. We hope it inspires women to aim high and lead with purpose.”

Key findings of the study include:

  • 66 percent say they must change their leadership styles more than their male counterparts as they rise to higher levels within an organization.
  • 81 percent believe that women must be more adaptable in situations than men in order to lead successfully and advance in their careers.
  • Because of feedback like being “too bossy or demanding,” “not aggressive enough,” “not collaborative enough,” and “too direct,” 58 percent of women surveyed admit to changing their leadership style to combat such perceptions.
  • 49 percent of executive women identify most with an authentic leadership style but struggle to define how much authenticity is too much. Women executives believe their authenticity must decrease as they rise in the ranks.
  • More than half (58 perecnt) of women executives surveyed believe a transformational leadership style is needed to reach the C-Suite.

The women executives included in the in-depth survey represent a range of industries across more than 150 of the world’s leading organizations and were nominated by their CEOs to attend the Summit.

Additional findings:

  • Transformational (39 percent) and democratic (34 percent) leadership styles are viewed as the best styles to motivate employees.
  • While only 2 percent of women identified as transactional leaders, executive women found the transactional leadership style useful in times of crisis, high-risk situations or dealing with a variety of personnel challenges.
  • 81 percent of women believe in situational leadership as a means for being successful.

For more information or to download the full report, click here.

Herbalife Nutrition Partners with American Red Cross on Missing Types Campaign

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Herbalife Nutrition recently announced it will join the American Red Cross and other organizations, celebrities and influencers in support of the Missing Types campaign.

Herbalife will remove the letters representing the main blood groups—A, B and O—from its logo to illustrate the critical role blood donations play in patient care. The campaign runs from June 11 through June 30. The company will also help raise awareness for the blood donation need through its social media channels, and among its employees, independent distributors and customers.

“For more than 20 years, Herbalife Nutrition has proudly supported the American Red Cross with local, national and global initiatives, fostering a partnership built on the shared principles and values of helping others,” said Dr. John Agwunobi, co-president and chief health and nutrition officer at Herbalife Nutrition.

According to the Red Cross, only three out of 100 people in the U.S. give blood. Compounding the shortage, summer is one of the most challenging times of the year to collect blood and platelet donations because schools that host blood drives are on summer break.

“The American Red Cross relies on blood donations to ensure lifesaving blood is available to patients whenever and wherever they may need it,” said Neal Litvack, chief marketing officer at the American Red Cross. “We’re so grateful to have partners like Herbalife Nutrition supporting our Missing Types campaign to help educate broad audiences on the importance of donating blood to help save lives.”

Support for the American Red Cross and those they help extends beyond financial support with Herbalife Nutrition employees having participated in more than 60 blood drives held at Herbalife Innovation and Manufacturing facilities in Lake Forest and Winston Salem, Carson Distribution Center, Torrance and LA Live offices.

WFDSA Reports Record 2018

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The World Federation of Direct Selling Associations (WFDSA) earlier this month released business results for 2018.

According to WFDSA:

  • Global estimated retail sales for 2018 were a record $192.9 billion, an increase of 1.2% over 2017.
  • Compound annual growth rate for the period from 2015 through 2018 was 1.7%, showing sustained growth over time.
  • The global force of independent direct selling representatives reached 118.4 million, up 1.6% over 2017.

China ($35.7B) and the U.S. ($35.3B) tied for the top direct selling market. Rounding out the Top 10 markets were Korea, Germany, Japan, Brazil, Mexico, France, Malaysia and Taiwan.

Founded in 1978, WFDSA is the leading international, non-governmental, voluntary organization representing the global direct selling industry in more than 170 countries through more than 60 regional and local direct selling associations

Youngevity Subsidiary Enters Into 5-Year Contract to Purchase Hemp Plant Biomass

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Khrysos Industries, Inc. a wholly owned subsidiary of Youngevity International (YGYI), recently announced a five-year supply contract with Magu Maiden Farms, LLC.

The contract is to provide extraction services and end-to-end processing to produce isolate, water soluble isolate, distillate and water-soluble distillate hemp derived products.

“We are excited to add this new long-term contract to our portfolio,” said Dwayne Dundore, president of Khrysos. “We have strategically targeted multiple long-term relationships that we believe places Khrysos in a stronger position to leverage the expansion taking place within the post processing area of our business.”

The arrangement allows Magu Maiden Farms to concentrate on growing and expanding operations, while Khrysos leverages its ability to implement extraction and post processing to its mutual best interests.

Maria Rubiano, co-founder of Magu Maiden Farms said, “The Magu–Khrysos partnership is a win-win collaboration which will not only accelerate our growth this year but should enable us to scale each year over the next five years.”

“The Khrysos Industries multi-dimensional distributed business model is gaining momentum,” said Dave Briskie, president and CFO of YGYI,.  “The team at Khrysos has executed multiple projects including the buildout and move to our post processing facilities and the completion of our assembly operations.  We continue to see that our pre- and post-processing expertise, combined with the capabilities of our analytical testing lab INX, provides a distinct competitive advantage within the hemp space.”

MONAT Promotion Raises $173,000 for Non-Profits

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MONAT recently raised $173,000 for non-profit organizations in the US, Canada and the UK through its limited-edition moisturizing hair and body spray, More Than a Mist™.

The net proceeds from the sales of the limited-edition product, which was sold December 2018 through January 2019, generated the donation. In the US, the funds are being donated to 13 chapters of Big Brothers Big Sisters of America. Canada is supporting BBBS with donations to Big Brothers of Greater Vancouver, Big Sisters of British Columbia Lower Mainland, and BBBS of York. Chance UK, an early intervention organization that supports children experiencing emotional and behavioral difficulties, is being supported in the UK.

“We grew up without much, but had many rich ideas from my entrepreneurial parents,” said Ray Urdaneta, CEO of MONAT. “Giving back to kids and encouraging their education is vitally important to me and part of MONAT’s culture. One of our core philosophies is MONAT Gratitude: we are grateful for what we have and we give back to the communities that support us. Thanks to our limited-edition products and promotions like our More Than a Mist, we are able to give more, reaching more people around the world.”

In MONAT’s hometown of Miami, $18,000 in scholarships is being awarded through Big Brothers Big Sisters of Miami (BBBS Miami). As a Big Sister with BBBS Miami, Lu Urdaneta, director of Global Recognition and Gratitude at MONAT stated, “I’m always so happy and proud with how we are able to give back to our community, but this scholarship program means so much more because I’ve had the honor to watch these young men and women flourish while they learn about business and different opportunities in the work force.”

Plexus Worldwide Now Mission Partner of Feeding America

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Plexus Worldwide recently announced its advancement to Mission Partner for Feeding America.

“Plexus has always been committed to giving back to the world. That’s why we created our Plexus Charities and Nourish One program,” said Tarl Robinson, CEO and founder of Plexus. “For each serving of Plexus Lean, our meal replacement line, we donate a meal in partnership with Feeding America—a meal for a hungry child or family in need.”

The Feeding America network is the nation’s largest domestic hunger-relief organization, whose mission is to feed America’s hungry though a nationwide network of member food banks and engage in the fight to end hunger. Feeding America Mission Partners made aggregate contributions or commitments of $500,000 or more, donations of 5 million pounds or more of food and grocery products, or combined gifts of $250,000 or more and 2.5 million pounds or more of food and grocery products.

“In the past year, it has been extraordinary to watch our Nourish One program grow and flourish, as a result of the sales of Plexus Lean,” added Christopher Pair, president of Operations and International for Plexus.  “We are excited to see what our final donation tally will be at the end of our first year (June 30), and we look forward to a second year partnership to help people build a path to a brighter future.”

“We are thrilled that Plexus is part of our family,” said Rowena Norman, director of New Partnerships. “With great partners such as Plexus, who share our vision and provide valued donations and support, the Feeding America network of food banks, pantries and meal programs serve virtually every community in the United States.”