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In Brief: Herbalife

This article was originally published in The Tan Sheet

Executive Summary

Herbalife: Christopher Pair, exec VP of international and corporate administration, to chief operating officer. Pair and colleagues Exec VP-Corporate Marketing Michael Rosen, Exec VP and CFO Timothy Gerrity and Exec VP-Sales Operations and Distributor Services Carol Hannah, comprise the company's new executive committee, responsible for formulation of strategic goals, which reports to Chairman and CEO Mark Hughes. The Los Angeles, Calif.-based network marketing company also announces commencement of operations in South Korea on Nov. 19. Herbalife's business in Asia/Pacific Rim, including Japan, Thailand, Taiwan, the Philippines, New Zealand, Malaysia, Hong Kong and Australia, yielded third quarter sales of $115 mil., compared to an estimated $64.4 mil. in third quarter U.S. sales...

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