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Herbalife Returns To Its History For Leadership Through Current ‘Challenging Landscape’

 
• By Malcolm Spicer

Herbalife announced Michael Johnson as chairman and interim CEO, replacing John Agwunobi, about 90 minutes before it announced a 9.5% decrease in Q3 net sales to $1.3bn. Its reported net income was $82.2m, down nearly 21%.

• Source: Shutterstock

Michael Johnson again puts off a full retirement from Herbalife Nutrition Ltd. as the nutrition, wellness and weight loss product direct seller, with its disappointing year continuing on a nearly 10% drop in net sales in its latest quarter, brings him back to the post he most recently left in 2020.

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• By Tom Gallen

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