LEHI, UT—October 10, 2007— XanGo, LLC, creator and market leader of the mangosteen beverage category, today announced that Kent Wood has been named President of XanGo, LLC. Wood, a founding executive, most recently served as President of Operations for the rapidly expanding Utah-based company that distributes its market-leading product, XanGo® Juice, in the U.S. and 18 international markets. As XanGo’s newly named President, Wood will also serve as chairman of the company’s Executive Committee.
“Kent is an amazing talent and his significant contributions have helped make XanGo what it is today,” said Aaron Garrity, CEO. “Having overseen our finances from the start, he is in a unique position to evaluate the core structure of our company and maximize its potential for growth and profitability.”
In his new role, Wood will focus on XanGo’s internal operations and functions to refine all the disciplines and processes necessary to meet the demands of the company’s phenomenal growth. Wood will supervise all operational disciplines, including manufacturing, supply chain, logistics and quality assurance. He also will continue to have responsibility and high-level strategic oversight for the finance, accounting, information technology and facilities departments.
Wood has contributed major successes to XanGo since he helped form the company. As a founder and chief financial officer, Wood raised the company’s start-up capital and repaid the company’s investors nearly two-and-a-half years ahead of schedule. He then built an accounting and finance team that has managed record-setting growth for the direct selling industry.
Under Wood’s careful eye, XanGo has enhanced its sourcing and manufacturing capabilities, allowing it to source and distribute from several locations throughout the world. Wood also has overseen construction of the 30-acre corporate campus in Lehi, Utah and various international offices. Most recently, he presided over a team of professionals in the development and launch of XanGo’s elite IT infrastructure.
Prior to helping found XanGo, Wood worked as a senior auditor at Grant Thornton, conducting audits for several international network marketing companies. He then served for seven years as controller and corporate controller for two large network marketing companies, overseeing their worldwide finance and accounting functions. Wood received masters and bachelors degrees in accounting from Brigham Young University.
“Over the next five years, we will undertake the greatest global expansion and market development by a single company in the history of our industry,” Garrity said. “Kent is the perfect person to oversee so many of the critical functions necessary for XanGo to reach its goals.”
XanGo, LLC is a recognized category creator as the first company to market a premium mangosteen beverage, XanGo® Juice, to consumers worldwide. XanGo continues to lead the category we created by driving the development and success of functional mangosteen products. Based in Utah, XanGo is privately owned and powered by a global network of independent distributors. XanGo’s expansive operations include the U.S. and numerous international markets such as Canada, Mexico, Japan, Germany and Malaysia. For more information on XanGo, visit www.xango.com.
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