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Natural Alternatives Int'l

This article was originally published in The Tan Sheet

Executive Summary

CEO Mark LeDoux named chairman, replacing his mother, Marie, who will reduce involvement with company due to failing health. New chair, who will give up his title as president, will "spearhead NAI's ongoing international expansion efforts," firm says. CFO Randy Weaver assumes additional title of COO. Revenues for fiscal year ended June 30 fell almost 12% to $42.2 mil. from prior year, although direct-to-consumer business, launched 14 months ago, recorded $5.7 mil. in sales. Significant growth also was reported by NAI's European sector, where revenues jumped 121% to $7.5 mil. Overall, firm reported $4.9 mil. net loss, compared to $4.5 mil. loss in 2000

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