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Herbalife appointments

This article was originally published in The Tan Sheet

Executive Summary

COO Gregory Probert will take on dual responsibilities of chief operating officer and president, the company announces August 2. Probert does not replace anyone as president as the position has recently been created, the Los Angeles-based firm reports. Probert, who joined Herbalife in August 2003, is responsible for the company's 60 markets located around the world. Steve Henig, PhD, will fill another new position as chief scientific officer, the company stated in a separate same-day release. Henig will be responsible for Herbalife's product R&D. The firm reported a successful first quarter with earnings increasing 83.3% from the prior year period to $27.5 mil. (1"The Tan Sheet" May 16, 2005, p. 18)...
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