Posts Tagged ‘Michael O. Johnson’

Herbalife Nutrition Net Sales Up 10% for 2018

Herbalife Nutrition Net Sales

Herbalife Nutrition Ltd. (NYSE: HLF) reported financial results for the fourth quarter and full year ended December 31, 2018. Net sales for the full year 2018 were $4.9 billion, an increase of 10 percent compared to full year 2017. Fourth quarter reported net sales of $1.2 billion increased 9 percent compared to the prior year…

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Michael O. Johnson Reassumes Herbalife CEO Role Following Goudis Departure

Michael O. Johnson

Herbalife Nutrition Ltd. announced that effective immediately, Michael O. Johnson, the company’s executive chairman, will reassume the role of CEO. The Board of Directors of Herbalife Nutrition Ltd. Made the announcement that Johnson will serve on an interim basis following the resignation of current CEO Richard Goudis. Johnson, who led the company as its chief executive officer from 2003 to 2017,…

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Hedge Fund Manager Ackman Exits Losing Bet Against Herbalife

Herbalife Nutrition Net Sales

On Wednesday, Feb. 28, hedge fund manager William Ackman told CNBC’s Scott Wapner that his Pershing Square Capital company has exited its bet against Los Angeles-based nutritional supplement maker Herbalife. The announcement came five years after Ackman’s on-air verbal confrontation with billionaire Carl Icahn, an Herbalife investor, on CNBC. In December 2012, Ackman launched a…

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