LOS ANGELES--(BUSINESS WIRE)-- Premier global nutrition company, Herbalife (NYSE: HLF), today announced the appointment of Frank Lamberti to the role of executive vice president and managing director, The Americas and Worldwide Marketing. In this role, Lamberti will lead global marketing, and will work closely with our distributors and their customers across a region that includes the United States, Canada, South and Central America and Mexico. Lamberti succeeds Miguel Angel Fernandez, who has left the Company to assume the role of president of Avon Products, Inc.
"For more than 12 years, Frank has made a positive impact on Herbalife Nutrition, assuming broader and increasingly more challenging leadership roles covering many key areas of our business," said Richard P. Goudis, Herbalife Nutrition chief executive officer. "As a result, he is respected by our distributor leaders, and is highly regarded by our employees and executive team."
"During his time with Herbalife Nutrition, Miguel made many contributions to the company, and we thank him, and wish him all the best in his new role as president of Avon," said Goudis.
Lamberti, who has been with Herbalife Nutrition since 2005, was formerly the senior vice president of Strategic Business Initiatives, responsible for overseeing several key initiatives for the Company including oversight of the FTC implementation. Previously, Lamberti has held a number of leadership positions with the Company including senior vice president and managing director, North Asia; worldwide head of Financial Planning and Analysis, Strategic Planning, Distributor Ethics and Compliance, and Investor Relations.
Prior to joining Herbalife Nutrition, Lamberti held various management roles in finance, consumer services and accounting at Sunbeam Corporation, DHL, and Rexall Sundown, among others. He is a graduate of Florida Atlantic University, where he received a Bachelor of Science degree in Business Management.
The Company also announced the recent appointment of Richard Werber to acting general counsel while the Company conducts a search for the role. The previous general counsel, Mark Friedman, is now working on special projects for the Company.
"Having worked together in the past, I value Rick's legal expertise and am happy to be able to access his numerous talents once again," said Goudis.
As acting general counsel of Herbalife Nutrition, Werber has global responsibility for all legal departments for the Company's business around the world. He has over 30 years of legal experience and served as the vice president, general counsel and secretary of Rexall Sundown, Inc., a multinational manufacturer of nutritional supplements and sports nutrition products. Prior, he was a partner in several law firms including Holland & Knight LLP.
Herbalife Nutrition is a global nutrition company whose purpose is to make the world healthier and happier. We have been on a mission for nutrition - changing people's lives with great nutrition products & programs - since 1980. Together with our Herbalife Nutrition independent distributors, we are committed to providing solutions to the worldwide problems of poor nutrition and obesity, an aging population, sky-rocketing public healthcare costs and a rise in entrepreneurs of all ages. We offer high-quality, science-backed products, most of which are produced in Company-operated facilities, one-on-one coaching with an Herbalife Nutrition independent distributor, and a supportive community approach that inspires customers to embrace a healthier, more active lifestyle.
Our targeted nutrition, weight management, energy and fitness and personal care products are available exclusively to and through dedicated Herbalife Nutrition distributors in more than 90 countries.
Through our corporate social responsibility efforts, Herbalife Nutrition supports the Herbalife Family Foundation (HFF) and our Casa Herbalife programs to help bring good nutrition to children in need. We are also proud to sponsor more than 190 world-class athletes, teams and events around the globe, including Cristiano Ronaldo, the LA Galaxy, and numerous Olympic teams.
Herbalife Nutrition has over 8,000 employees worldwide, and is traded on the New York Stock Exchange (NYSE: HLF) with net sales of approximately $4.5 billion in 2016. To learn more, visit Herbalife.com or IAmHerbalife.com. Financial information is available on ir.herbalife.com.
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Jennifer Butler, 213-745-0420
Alan Quan, 213-745-0541
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