Herbalife CEO Plans Exit With FTC-Required Changes Underway

The firm with independent distributors selling nutritional and weight loss products around the world reports third-quarter net income of $87.7m, off 6.3% from the year-ago quarter.

CEO Michael Johnson will hand off Herbalife Ltd.'s reins when the year anniversary approaches for the nutritional and weight loss supplement direct seller's settlement with the Federal Trade Commission that imposed requirements the firm says are costing less than expected to implement.

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