Herbalife Announces Appointment of Dr. Richard H. Carmona — 17th Surgeon General of the United States (2002-2006) — to Board of Directors
LOS ANGELES--(BUSINESS WIRE)--
Herbalife (NYSE:HLF) today announced the appointment of Richard H.
Carmona, M.D., M.P.H., FACS, and 17th Surgeon General of the United
States, to the Company's Board of Directors, effective October 25, 2013.
Dr. Carmona brings more than 40 years of experience in medicine,
nutrition, preventative health and business to the Herbalife Board.
DR. RICHARD H. CARMONA - 17th SURGEON GENERAL OF THE UNITED STATES (2002-2006) (Photo: Business Wire)
Dr. Carmona joins as an independent Director. With his appointment,
Herbalife has increased the size of its Board to 12 members, 9 of whom
"As a scientist and medical professional, I was first attracted by the
depth and breadth of Herbalife's commitment to excellence in nutrition
science," said Carmona. "As a business person, my due diligence showed
me a company of integrity with a good business plan. As the son of poor
emigrant parents, I am elated to see the opportunities Herbalife offers
to families in health-disparate and economically underserved
"Dr. Carmona has dedicated his life to improving the relationships among
health, culture, education and economic status, and we are pleased to
welcome him to Herbalife's Board of Directors," said Michael O. Johnson,
chairman and chief executive officer of Herbalife. "As a Surgeon General
of the United States, a distinguished professor of public health, and an
experienced business leader, Richard will be a tremendous addition to
our Board. We look forward to leveraging his expertise in our ongoing
initiative to ensure the nutritional benefits of all Herbalife products
and our continued efforts to empower our distributors around the world."
About Dr. Richard H. Carmona
Dr. Carmona currently serves as the first Distinguished Professor of
Public Health at the University of Arizona, and the first Distinguished
Professor of Health Promotion and Entrepreneurship at The Ohio State
University. He is President of the nonprofit Canyon Ranch Institute
Board of Directors in Tucson, Arizona and vice chairman of Canyon Ranch.
He serves on the boards of other public companies including The Clorox
Company and Taser International, and works in leadership and advisory
roles helping to create businesses in emerging science and technology.
Born to a poor Hispanic family in New York City, Dr. Carmona experienced
homelessness, hunger, and health disparities during his youth. The
experiences greatly sensitized him to the relationships among culture,
health, education and economic status and shaped his future.
In 1967, Dr. Carmona enlisted in the U.S. Army and went on to become a
combat-decorated Special Forces Vietnam veteran. After leaving active
duty, he attended Bronx Community College of the City University of New
York, where he received an associate's degree. He then attended the
University of California, San Francisco, where he received a bachelor's
degree (1977) and medical degree (1979).
Trained in general and vascular surgery, Dr. Carmona also completed a
National Institutes of Health-sponsored fellowship in trauma, burns, and
critical care. He went on to become the chairman of the State of Arizona
Southern Regional Emergency Medical System, a professor of surgery,
public health and family and community medicine at the University of
Arizona, and the Pima County Sheriff's Department surgeon and deputy
In 2002, Dr. Carmona was nominated by the President and unanimously
confirmed by the United States Senate to become the 17th Surgeon General
of the United States. Dr. Carmona was selected because of his extensive
experience in public health, clinical sciences, health care management,
preparedness, and his commitment to prevention as an effective means to
improve public health and reduce health care costs while improving the
quality and quantity of life. In 2006, Dr. Carmona successfully
completed the statutory four-year term.
Dr. Carmona has published extensively and received numerous awards,
decorations, and local and national recognitions for his achievements. A
strong supporter of community service, he has served on community and
national boards and provided leadership to many diverse organizations.
About Herbalife Ltd.
Herbalife Ltd. (NYSE:HLF) is a global nutrition company that sells
weight-management, nutrition and personal care products intended to
support a healthy lifestyle. Herbalife products are sold in more than 80
countries to and through a network of independent distributors. The
company supports the Herbalife Family Foundation and its Casa Herbalife
program to help bring good nutrition to children. Herbalife's website
contains information about Herbalife, including financial and other
information for investors at http://ir.Herbalife.com.
The company encourages investors to visit its website from time to time,
as information is updated and new information is posted.
This document contains "forward-looking statements" within the
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results, performance and achievements, or industry results to differ
materially from estimates or projections contained in our
forward-looking statements include, among others, the following:
the resignation of our former independent registered public accounting
firm, its withdrawal of its audit reports with respect to certain of
our historical financial statements, any difficulties
PricewaterhouseCoopers LLP, our successor accounting firm encounters
in the re-audits of such relevant historical financial statements or
any material modifications to such historical financial statements
PricewaterhouseCoopers LLP believes should be made as a result of such
any collateral impact resulting from the ongoing worldwide financial
environment, including the availability of liquidity to us, our
customers and our suppliers or the willingness of our customers to
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our relationship with, and our ability to influence the actions of,
improper action by our employees or distributors in violation of
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changing consumer preferences and demands;
our reliance upon, or the loss or departure of any member of, our
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the competitive nature of our business;
regulatory matters governing our products, including potential
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selling market in which we operate;
legal challenges to our network marketing program;
risks associated with operating internationally and the effect of
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or conflicts with our third party importers, pricing and currency
devaluation risks, especially in countries such as Venezuela;
uncertainties relating to the application of transfer pricing, duties,
value added taxes, and other tax regulations, and changes thereto;
uncertainties relating to interpretation and enforcement of
legislation in China governing direct selling;
uncertainties relating to the interpretation, enforcement or amendment
of legislation in India governing direct selling;
our inability to obtain the necessary licenses to expand our direct
selling business in China;
adverse changes in the Chinese economy, Chinese legal system or
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our dependence on increased penetration of existing markets;
contractual limitations on our ability to expand our business;
our reliance on our information technology infrastructure and outside
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changes in tax laws, treaties or regulations, or their interpretation;
taxation relating to our distributors;
product liability claims;
whether we will purchase any of our shares in the open markets or
share price volatility related to, among other things, speculative
trading and certain traders shorting our common shares.
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to any forward-looking statement or to report any events or
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unanticipated events, except as required by law.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20131028006558/en/
Barbara Henderson, SVP, Worldwide Corp.
Amy Greene, VP, Investor
Source: Herbalife Ltd.
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