Herbalife, a leading health and wellness company, has announced the appointment of Stephan Paulo Gratziani as its Chief Strategy Officer. The appointment, effective from August 4, 2023, is part of Herbalife’s efforts to drive growth and innovation within the company.
As Chief Strategy Officer, Gratziani will report directly to Chairman and Chief Executive Officer Michael Johnson. He will work closely with the senior management team to implement and advance key strategic initiatives, including the Herbalife One digital technology platform and various business verticals. Gratziani will also collaborate with senior executives and regional leaders to enhance sales training programs, promote distributor engagement, and identify growth opportunities.
Gratziani brings over 32 years of experience to his new role, having previously served as an independent distributor for Herbalife. During his time as a distributor, he successfully expanded his Herbalife business to 70 markets across North America, South America, Europe, and Asia. Gratziani’s achievements include being named to the Company’s Chairman’s Club in 2010 and achieving the highest distributor level of Founder’s Circle in 2018. He was also recognized as one of Herbalife’s top three independent distributors in the world for 2022. His extensive experience as a distributor leader makes him well-suited to contribute to the company’s strategic planning and innovation efforts.
In light of Gratziani’s appointment, John DeSimone will transition from his position as Chief Strategic Officer to Special Advisor to the Company.
Chairman and CEO Michael Johnson expressed his confidence in Gratziani, emphasizing his proven track record as a highly effective strategist. Johnson stated that Herbalife is looking forward to Gratziani’s contribution in further innovating the company as it enters a new era of growth and modernization.
Gratziani, for his part, expressed his excitement in joining Herbalife as an employee after 32 years as an independent distributor. He sees an incredible opportunity to grow the company’s top-line by aligning the Company’s strategy, culture, and framework to support distributors in expanding their businesses.
To facilitate Gratziani’s employment with Herbalife, he resigned from the Company’s Board of Directors on August 1, 2023. He has also agreed to suspend his Herbalife distributorship and waived any rights to his distributorship earnings under the Company’s marketing plan until his employment ends on December 31, 2025. As a material inducement, the Company will grant Gratziani stock appreciation rights and a cash amount in exchange for suspending his distributorship.
As of now, the full details of the second-quarter financial results for 2023 are yet to be released. Interested individuals can find the press release on the Company’s website.
Herbalife, founded in 1980, is a global health and wellness company that operates in over 90 markets. It offers science-backed products and a business opportunity to consumers through entrepreneurial distributors who provide personalized coaching and foster a supportive community for customers to embrace healthier lifestyles.
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