LOS ANGELES, Jun 14, 2004 (CCNMatthews via COMTEX) -- Herbalife International, Inc. today announced the appointment of Richard Goudis as chief financial officer, with global responsibility for all financial and accounting activities throughout the company. Goudis will report directly to Michael O. Johnson, chief executive officer.
Goudis has over 20 years of financial management experience with industry leading companies such as Pratt & Whitney and Sunbeam Corporation. He also served as chief operating officer of Rexall Sundown, where he was a member of the executive team that led the company through tremendous sales growth, including the expansion of Rexall Showcase International throughout Asia, while improving overall profitability. Most recently, Goudis was a principal in Flamingo Capital Partners formed by former senior executives of Rexall.
"Rich brings a breadth of experience in many financial disciplines as well as a depth of understanding of the nutrition industry and network marketing," said Michael O. Johnson, chief executive officer. "He is a valued addition to the company's new executive team that will lead this company to increased global expansion. "
Goudis is the newest member of the executive team built by Johnson, who took over as chief executive officer in April 2003, to reinvigorate the brand around the world.
About Herbalife International
Herbalife is a leading company in science-based weight management and meal replacements. The Company offers a wide range of weight management products, nutritional supplements and personal care products intended to support weight loss and a healthy lifestyle. The Company's products are marketed through a network marketing system comprising approximately one million independent distributors who conduct business in 58 countries in the Asia/Pacific Rim, Europe and the Americas. In 2003, the Company had net sales of $1.2 billion. For more information, visit www.herbalife.com.