herbalife ltd (HLF) Key Developments
Herbalife Appoints Marcus Reese as Vice President, State and Local Government Affairs
Jan 27 15
Herbalife announced that Marcus Reese joined the company in the newly created role of vice president, state and local government affairs, reporting to Alan Hoffman, executive vice president, global corporate affairs. In this role Reese will be responsible for managing company's relations with state and local thought leaders around the country. Having spent more than 16 years in the public policy arena, Marcus brings a wealth of experience that will help educate policy makers and the public about the positive role Herbalife is playing in its communities. Reese joins Herbalife after a 16-year career in public affairs, most recently as chief of staff at Tusk Strategies. Earlier in his career, Reese worked at Weber Shandwick, serving as vice president for the corporate issues team. Before joining Weber Shandwick, Reese served as senior director at Smith & Co. where he provided legal and crisis communications counsel for elected officials. Marcus has also served in various campaign and government roles for President George W. Bush; Staten Island District Attorney Dan Donovan; Lt. Governor Michael Steele and the Georgia State Legislature, among others.
TPG Reportedly Eyeing Firms
Jan 24 15
Herbalife Ltd. (NYSE:HLF) is being eyed by private equity firms. The post reported that TPG Capital, L.P. seriously considered buying Herbalife in 2014. A source with direct knowledge of the matter said, “They took a long look at Herbalife.” The source further added that TPG also considered taking over Nu Skin Enterprises Inc. (NYSE:NUS) stake. According to the news report, it is not known why TPG's interest in Herbalife and Nu Skin ended without any investment. It added that presently, TPG is reportedly looking at acquiring Avon Products Inc. (NYSE:AVP). Recently, a report concerning talks between TPG and Avon sent the latter’s shares up 15%. The source added that If TPG does not buy Avon, it ‘might take a new look’ at Herbalife.
Herbalife Celebrates Grand Opening of Winston-Salem Innovation and Manufacturing Facility
Jan 16 15
Herbalife celebrated the grand opening of its Herbalife Innovation and Manufacturing (HIM) facility in Winston-Salem, North Carolina, which will employ more than 500 people when it reaches full production by the end of 2015. The facility already produces a variety of nutritional products, including powders, such as the Formula 1 Nutritional Shake Mix; liquids, such as the Herbal Aloe Concentrate; and teas, such as Herbal Tea Concentrate. Products manufactured at HIM Winston-Salem will be distributed in the United States and exported to more than 50 countries around the world. Since announcing the Triad location in December 2012, Herbalife has invested more than $100 million to convert the over 800,000 square foot site to meet its exacting specifications.
Herbalife Ltd. Plans Grand Opening of Winston-Salem Plant
Jan 9 15
Herbalife Ltd. plans to open of its $130 million plant in Winston-Salem. The company began production in 2014 at the 800,000-square-foot plant off Temple School Road.
Herbalife Ltd. Announces Executive Appointments
Dec 3 14
Herbalife Ltd. announced that nutrition and health experts, Ismet Tamer, MD and Wang Jae Lee, Ph.D, have been appointed to its Nutrition Advisory Board. Dr. Tamer and Dr. Lee bring more than 20 years of experience in medicine, academia, and research in the area of nutrition to the company and its NAB. Dr. Ismet Tamer, a health professional, has served in a variety of roles in medicine, including as Associate Professor at the Istanbul Training Research Hospital. He is a founder and trustee of the Turkish Family Practice, which is dedicated to enhancing the quality of primary healthcare in Turkey. He is a member of the American Academy of Aesthetic Medicine and the Turkish Society of Cardiology, founding member and secretary general of the Academic Respiratory Society, a member of the World Organization of Family Doctors and co-founder of the Family Practice Research and Training Foundation. Dr. Wang Jae Lee, a credentialed physician and academic, has worked across a range of international medical positions. Since 2003, he has been a professor at Seoul National University College of Medicine. He is a member of the Korean Society of Anatomists, the Electron Microscopy Society of Korea, the Korean Society of Immunologists and the American Association of Immunologists. Dr. Lee has held positions at the Gyeong Sang University College of Medicine, and the Seoul National University College of Medicine. He was formerly a research fellow at The Chicago Medical School, the associate vice chancellor for Academic Affairs at the Seoul National University, the associate dean for Research Affairs and the chairman of the Department of Anatomy at Seoul National University College of Medicine.