CORRECTING and REPLACINGUSANA Announces Management Team Transition
CORRECTION...by USANA Health Sciences, Inc.
SALT LAKE CITY -- December 18, 2012
Sixth graph, fifth sentence of release dated December 14, 2012, should read:
Mr. Stambaugh attended the University of Nebraska Omaha (sted Mr. Stambaugh
has a bachelor’s degree in Education from the University of Nebraska Omaha).
The corrected release reads:
USANA ANNOUNCES MANAGEMENT TEAM TRANSITION
USANA Health Sciences, Inc. (NYSE: USNA), a global nutritional company, today
announced the reorganization of its management team.
Doug Hekking is stepping aside as the Company’s Chief Financial Officer to
return to a strategic role that will support the Company’s finance and
operations groups. Mr. Hekking’s decision to change roles was prompted by his
need to attend to family health matters and his desire to serve in a more
targeted role within the Company. The Company thanks Mr. Hekking for serving
as CFO and supports his decision to attend to the needs of his family.
Paul Jones, who is currently serving as the Company’s Vice President of Human
Resources, has been named as interim CFO. Mr. Jones has been with USANA since
2005. Prior to joining the Company, he worked with Associated Food Stores,
Inc. as Vice President of Operations - Dan’s Foods; Vice President of Farr
West Operations; and Vice President of Human Resources. Mr. Jones is a
Certified Management Accountant and holds a master’s degree in organizational
management from the University of Phoenix and a bachelor’s degree in finance
from Utah State University. Mr. Hekking will be working closely with Mr. Jones
during a transition period.
The Company has also accepted the resignation of Chief Operating Officer, Roy
Truett. The Company expresses gratitude to Mr. Truett for his contributions to
the Company during his years of service and wishes him the best in his future
With Mr. Truett’s departure, Jim Brown, who was recently promoted to Chief
Production Officer for his expertise in operations and production, will direct
operations and report directly to the CEO.
Additionally, Rick Stambaugh has been named Chief Information Officer. Mr.
Stambaugh has more than 25 years of experience in the direct sales industry.
Before joining USANA, he served as President and CEO of TekVation and the
Fionda Group, two companies that supply technology and innovative solutions to
the direct sales industry. He also served as Director of Corporate Marketing
at Herbalife. Mr. Stambaugh attended the University of Nebraska Omaha.
Finally, USANA congratulates Lori Truman on her promotion to Vice President of
U.S. Field Development. Mrs. Truman has been an extraordinary asset at USANA
for nearly 10 years. Most recently, she served as USANA’s Executive Director
of U.S. Field Development. Her rapport with the Company’s Associates and
dedication to helping them achieve their goals is unmatched. Mrs. Truman has a
bachelor’s degree in business management from the University of Utah.
“We deeply appreciate the dedicated service of our management team,” stated
USANA CEO Dave Wentz. “We are confident that the skills and expertise of these
new members of management will help us advance the long term growth of our
For more information about USANA’s products and company, visit USANA.com.
Founded in 1992, USANA Health Sciences (NYSE: USNA) is a U.S.-based
nutritional company that manufactures high-quality supplements and personal
care, energy, and weight-management products in theirFDA-registered
facilityin Salt Lake City, Utah. USANA's products, tested by NSF
International and used bymore than600 professional athletes, are developed
by the company's award-winning team of scientists andsold directly to
Preferred Customers and Associates in 18 international markets.Named one
ofOutsidemagazine's"Best Places to Work"for four consecutive years, USANA
has received more than 100 state, national and internationalaccolades,
includingUtahBest of State, Stevie Awards, Australian Business
Awards,NutriSearchEditor's Choice and others.Learn more
aboutUSANA(www.USANA.com) and theUSANA True Health
Foundation(www.USANAfoundation.org), stay current with the
officialUSANAblog (www.whatsupUSANA.com), like us on theUSANAFacebook page
(www.facebook.com/USANAhealthsciences), or followUSANAon Twitter
This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act and Section 21E of the Securities Exchange
Act. Our actual results could differ materially from those projected in these
forward-looking statements, which involve a number of risks and uncertainties,
including global economic conditions generally, reliance upon our network of
independent Associates, the governmental regulation of our products,
manufacturing and marketing risks, adverse publicity risks, and risks
associated with our international expansion. The contents of this release
should be considered in conjunction with the risk factors, warnings, and
cautionary statements that are contained in our most recent filings with the
Securities and Exchange Commission.
USANA Health Sciences, Inc.
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