Herbalife Celebrates 5 Years of Trading on the NYSE
Herbalife Ltd. (NYSE-Listed HLF)visits the NYSE. In honor of the occasion, Chairman and CEO Michael O. Johnson rings The Closing Bell®.
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Company Background: Herbalife was founded by entrepreneur Mark Hughes in California in 1980. Hughes died in 2000. In July 2002, the company was acquired by an investor group led by Whitney & Co LLC and Golden Gate Capital, Inc. In April 2003, Michael O. Johnson joined the company as CEO after 17 years with the Walt Disney Corporation, most recently as president of Disney International. He’s brought to Herbalife a demonstrated track record of success as a leader and manager, including significant achievements in business building, global operations, sales leadership, marketing and product innovation.
In December, 2004, the company conducted a public offering and its shares are traded on the New York Stock Exchange under the symbol “HLF.”
• Under the CEO’s direction, the company has doubled – from 2003 net sales of $1.1 billion to over $2.4 billion in 2008.
• Through the combined utilization of dividends and share repurchase the company has returned over $667 million to shareholders.
(Source: Herbalife Ltd.)
Herbalife Ltd. (NYSE : HLF) Herbalife Ltd. (NYSE: HLF) is a global network marketing company that sells weight-management, nutrition, and personal care products intended to support a healthy lifestyle. Herbalife products are sold in 72 countries through a network of approximately 1.9 million independent distributors. The company supports the Herbalife Family Foundation and its Casa Herbalife program to help bring good nutrition to children. Herbalife’s Web site contains a significant amount of information about Herbalife, including financial and other information for investors at http://ir.herbalife.com. The company encourages investors to visit its Web site from time to time, as information is updated and new information is posted.