At Young Living Essential Oils, the search for the company’s next CFO has circled back to Young Living’s own Janay Standifird, who steps into the role later this month.
She will succeed Kevin Pace, who plans to retire on July 15 after four years with the company. Standifird also joined Young Living four years ago, in the role of controller. Most recently, she served as Senior Vice President, Global Controller and Finance, overseeing the company’s global accounting.
“Janay stands out among the most seasoned professionals and inspires everyone, especially women in the workforce, to reach their goals,” said Mary Young, CEO of Young Living. “We thank Kevin for his diligent service to our members and the company and are pleased to have a professional of Janay’s caliber take over the company’s finances.”
Management describes Standifird as a sought-after mentor, whether working one-on-one or with a team, who brings extensive knowledge of global financial systems and internal controls, global business strategies, building teams and risk mitigation. Her nearly two-decade career has included 10 years in the direct selling channel.
Standifird is one of several recent appointments that indicate Young Living’s willingness to develop leaders within its own ranks. In March, the Utah company promoted Jared Turner to Chief Operations Officer, Walter Noot to Chief Information Officer and Senior Vice President of Operations, and Kelly Case to Chief of Staff. Then, earlier this month, a restructuring of Young Living’s global sales team resulted in the promotion of seven key managers.