Nature's Sunshine Products Names Gregory L. Probert Executive Chairman of the
Board of Directors; Kristine F. Hughes to Become Vice Chairman of the Board of
LEHI, Utah, Dec. 13, 2012 (GLOBE NEWSWIRE) -- Nature's Sunshine Products, Inc.
(Nasdaq:NATR), a leading natural health and wellness company engaged in the
manufacture and direct selling of nutritional and personal care products,
today announced that Gregory L. Probert, currently Executive Vice Chairman,
has been appointed to Executive Chairman of the Board of Directors, and
Kristine F. Hughes, currently Co-Founder and Chairman, will become Vice
Chairman of the Board of Directors, both effective January 1, 2013. Michael D.
Dean will continue to serve as Chief Executive Officer and a member of the
Ms. Hughes stated, "I have never been more optimistic about the company's
future.I have been involved in overseeing the growth of this company as an
officer or director for over 30 years, and I believe that this is a positive
and natural board re-alignment as we prepare for the future growth of the
company.Along with strong leadership skills and broad executive experience in
numerous consumer-oriented businesses, Greg brings valuable direct selling
experience, having previously helped guide Herbalife to great success as its
President and COO.I look forward to continuing to work with Greg in his new
role and with the rest of the board, and will continue to actively bring my
experience and insight as a founder through my new role as Vice Chairman."
Mr. Probert added, "I am very honored and excited about assuming the
Chairmanship of Nature's Sunshine Products, Inc. I would like to thank
Kristine for her many years of service as founder, director and Chairman of
the company and I look forward to continuing to work closely with her in her
role as Vice Chairman. I share Kristine's optimism about the company's strong
future and I look forward to working with the management team and distributors
as we continue to build upon our 40 year history of helping people live
healthier and happier lives."
About Gregory L. Probert
Prior to his appointment to Executive Vice Chairman in June 2011, Mr. Probert
served as an independent consultant to the Company since 2010. Previously, he
was Chairman of the Board and Chief Executive Officer of Penta Water Company,
President and Chief Operating Officer of Herbalife International of America,
Chief Executive Officer of DMX Music and Executive Vice President of Worldwide
Home Entertainment at the Walt Disney Company. Mr. Probert received his B.A.
from the University of Southern California in 1979.
About Kristine F. Hughes
Kristine Hughes co-founded Hughes Development Corporation in 1972, the
predecessor to Nature's Sunshine Products, Inc., and has served as an officer
or director of the Company and its predecessors since 1980. Ms. Hughes is the
spouse of Eugene L. Hughes, another Company founder and a director emeritus.
About Nature's Sunshine Products
Nature's Sunshine Products (Nasdaq:NATR), a leading natural health and
wellness company, markets and distributes nutritional and personal care
products through a global direct sales force of over 600,000 independent
distributors in more than 40 countries.Nature's Sunshine manufactures its
products through its own state-of-the-art facilities to ensure its products
continue to set the standard for the highest quality, safety and efficacy on
the market today. The Company has two reportable business segments that
operate under the Nature's Sunshine Products brand and are divided based on
their geographic operations in the United States (NSP United States) and in
countries outside the United States (NSP International), as well as a third
reportable business segment operates under the Synergy WorldWide brand. The
Company also supports health and wellness for children around the world
through its partnership with the Little Heroes Foundation.Additional
information about the Company can be obtained at its website, www.natr.com.
Cautionary Statement Regarding Forward-Looking Statements
In addition to historical information, this release contains forward-looking
statements. Nature's Sunshine may, from time to time, make written or oral
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Such statements encompass Nature's Sunshine's
beliefs, expectations, hopes, or intentions regarding future events.Words
such as "expects," "intends," "believes," "anticipates," "should," "likely,"
and similar expressions identify forward-looking statements.All
forward-looking statements included in this release are made as of the date
hereof and are based on information available to the Company as of such date.
Nature's Sunshine assumes no obligation to update any forward-looking
statement.Actual results will vary, and may vary materially, from those
anticipated, estimated, projected or expected for a number of reasons,
including, among others: furtherreviewsof the Company's financial statements
by the Company and its Audit Committee; modification of the Company's
accounting practices; foreign business risks; industry cyclicality;
fluctuations in customer demand and order pattern; changes in pricing and
general economic conditions; as well as other risks detailed in the Company's
previous filings with the SEC.
CONTACT: Stephen M. Bunker
Chief Financial Officer
Nature's Sunshine Products, Inc.
Lehi, Utah 84043
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