After thirteen years on the job, Herbalife CEO Michael Johnson has decided to step down from his top executive position. The company announced on Wednesday that Johnson would be stepping down in June and will be succeeded by Chief Operating Officer Richard Goudis, who has been with the company for twelve years.
Herbalife just recently announced Q3 results that beat what Wall Street had expected, but dd not meet the forecasts of financial analysts.
“It is a privilege to lead this remarkable company and work with our extraordinary management team, employees and distributors to reach the position of strength we are in today,” Johnson said in a statement.
“Our mission of improving people’s nutrition and health is what attracted me to Herbalife Nutrition more than 13 years ago, and I am extremely proud that we have made incredible strides in bringing our mission to bear around the globe.”
Disclaimer: We have no position in Herbalife Ltd. (NYSE: HLF) and have not been compensated for this article.