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Herbalife Sponsors Indy 500 Entry

Posted on 02. Mar, 2010 by Dan Mitchell.

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Herbalife, a global nutrition and direct-selling company, announced today that the company will serve as the primary sponsor for the No. 99 Sam Schmidt Motorsports/Chip Ganassi Racing entry in the 2010 edition of the Indianapolis 500-Mile Race driven by Herbalife-sponsored athlete Townsend Bell.

Bell, 34, of San Luis Obispo, Calif., comes back to the "Greatest Spectacle in Racing" in the bright green HERBALIFE SSM/CGR Dallara Honda open-wheel car after recording a sensational charge at the famed Indianapolis Motor Speedway in finishing fourth behind the wheel of the Herbalife machine in the 2009 running of the world's biggest auto race.

"Bringing Herbalife on board for this year's Indy 500 is very exciting for our effort in 2010," said Schmidt, a three-time Indy Lights champion team owner. "A worldwide nutrition company such as Herbalife gives our SSM/CGR program a strong foundation to prepare a winning machine for Townsend. Again partnering with Chip's operation puts us in a position to qualify well and race for the ultimate motorsports prize, the Indianapolis 500. We have an excellent team led by Chris Griffis and I am very proud to enter a solid effort for the Indy 500."

Source: Market Watch

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Herbalife Opens Casa Herbalife Program in Ecuador

Posted on 11. Feb, 2010 by Dan Mitchell.

More good work from Herbalife...

The Herbalife Family Foundation (HFF) announced the opening of a Casa Herbalife program in Ecuador's capital city of Quito. The initial grant will support the 2010 food budget for Fundacion Sinsoluka.

Fundacion Sinsoluka was founded over 15 years ago to help get homeless children and teens off the streets and out of a cycle of drug abuse and addiction. The organization's name expresses its mission -- "sin" meaning without and "soluka," the name of the readily-available, highly-addictive glue that is sniffed by many homeless children in Quito.

Sinsoluka provides a variety of social services that include counseling, domestic violence prevention, substance abuse treatment, tutoring, job readiness training, and nutrition education to more than 300 participants - children, homeless teens/young adults, and their respective family members.

Aside from a paid staffer who prepares meals, the organization functions entirely with unpaid volunteers, including Founder Dr. Mario Alberto Piedra, and has been operating out of a house that it has outgrown in recent years. In an unplanned and emotionally-charged announcement at an Herbalife event last weekend in Quito, Piedra learned that Herbalife independent Distributors, with additional support from HFF, had raised enough money to purchase a new, larger home to house the organization, in addition to the HFF nutrition grant.

Source: Business Wire

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Food and Drug Administration Official Joins Herbalife

Posted on 20. Jan, 2010 by Dan Mitchell.

Herbalife Ltd. (NYSE:HLF) today announced that Vasilios H. Frankos, M.S., Ph.D., will retire from the FDA in March and join the company as senior vice president, product compliance and safety, effective April 2010. Frankos is currently the director, division of dietary supplements programs, Center for Food Safety and Applied Nutrition (CFSAN), at the Food and Drug Administration. He will report to the company's General Counsel Brett Chapman.

Frankos, one of the country's foremost authorities on dietary supplements, has more than two decades experience in creating policies and standards for safe and effective dietary supplements and ingredients, and led efforts in developing good manufacturing practices (cGMPs) and Serious Adverse Events Reporting.

"Bill Frankos exemplifies Herbalife's commitment to providing science-based nutritional supplements of the highest quality available in the marketplace," said Michael O. Johnson, Herbalife chairman and CEO.

Source: Business Wire

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Herbalife Presents at the 12th Annual ICR XChange Conference

Posted on 10. Jan, 2010 by Dan Mitchell.

Herbalife Ltd. (NYSE:HLF) Chief Financial Officer John DeSimone : , and Amy Greene, vice president, investor relations, will participate in the 12th Annual ICR XChange Conference on Wednesday, January 13 at 2:40 p.m. PST at the St. Regis Hotel in Dana Point, Calif.

 The audio portion of the presentation will be webcast live, and a replay will be available until Friday, February 12, 2009 on the investor relations section of Herbalife’s Web site at www.ir.herbalife.com

Source: PR-Inside

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Herbalife Does The Corporate Shuffle

Posted on 17. Dec, 2009 by Dan Mitchell.

Herbalife Chairman and CEO Michael O. Johnson today announced three promotions on his executive management team that are effective January 1, 2010.

Des Walsh is being promoted to president, from his role as executive vice president, worldwide operations and sales. A member of the executive team since he joined in 2004, Walsh is responsible for the growth of our business by working closely with distributors to achieve greater access to and deeper penetration of Herbalife products throughout the world. He oversees all distributor-facing functions in each region where the company conducts business, including marketing, promotions, sponsorships, events, and distributor communications. Walsh has worked with Johnson for more than 14 years including while serving as vice president of The Walt Disney Company’s Buena Vista Home Entertainment.

Rich Goudis, who joined the company as CFO in 2004, is being promoted to chief operating officer with responsibility for building and sustaining an infrastructure that allows the company to achieve its growth goals. His functional responsibility includes worldwide operations, human resources, and information technology, along with the back office functions in all the regions. Prior to Herbalife, Goudis was chief operating officer at Rexall Sundown and also had responsibility for General Nutrition Center (GNC) operations.

John DeSimone is being promoted to chief financial officer. Having joined Herbalife in November 2007, DeSimone first served as SVP, finance, and since 2008, distributor operations as well. His accomplishments include leading the company’s acquisition of its first manufacturing facility, spearheading new country openings, and overseeing strategic planning, forecasting and budgeting. DeSimone previously served as CFO at Rexall Sundown.

Source: BusinessWire

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Herbalife Opens for Business in Vietnam and Paraguay

Posted on 07. Nov, 2009 by Dan Mitchell.

Herbalife Ltd. (NYSE:HLF), a global nutrition and direct-selling company, announced that it has begun operations in Vietnam, making this the 71 st country where the company conducts business. On November 16, operations will begin in Paraguay.

Vietnam becomes the company's 13 th market to open in its Asia Pacific region, which is led by Managing Director William Rahn. A distribution center where independent
distributors can pick up products opened in Ho Chi Minh City.

Thang Nguyen, who joined the company in June, is general manager of Vietnam.

Source: PR-Inside

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Herbalife Herbal Products Linked To Toxic Liver Disease?

Posted on 21. Oct, 2009 by Dan Mitchell.

Source: Psychology Today

Here's an interesting article from Psychology Today by Dr. Paul D. Blanc, M.D., M.S.P.H.

A few months ago, I consulted on the medical case of a young man with an extremely low platelet blood cell count. The problem, which could have caused life-threatening bleeding, was suspected to be a medication side-effect. The patient had been diagnosed with inflammatory bowel disease and recently started on a standard and widely-used medication for that condition. But the issue was not so straightforward. At the same time that the treating doctors prescribed the drug, the patient also began self-medicating with a Chinese, multi-herbal preparation.
A check of medical databases quickly revealed a strong connection between a Chinese five-herbal concoction called "Jui" and dangerously low platelet counts. But we had no idea what our patient's herbal mix contained and whether its ingredients overlapped with Jui. When we finally obtained a list of the multiple plant materials that made up the brew, we found that one of its twelve herbal ingredients indeed did overlap with Jui.
Both the prescription medicine and the herbal treatment were stopped immediately and the patient pulled back from the brink. We'll never be certain which substance was the culprit, because that would require deliberately giving one and then the other medication to see what would happen. That includes, unfortunately, a drug that would otherwise have been his treatment of choice.
This type of problem is made all the more complicated by the frequent use of multiple combinations of herbals and various other "natural" complimentary therapies taken together, rather than use of a single substance. Nor is this practice limited to traditional Eastern regimens. Beginning in 2007, a series of cases, first from Switzerland and Israel and later from in Spain and Argentina, all linked Herbalife products to liver disease consistent with toxic injury.

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Herbalife Sponsors Beckham vs. Hollywood Soccer Match

Posted on 30. Oct, 2007 by Ty Tribble.

Herbalife is sponsoring a charity soccer match between David Beckham's L.A. Galaxy and "Hollywood United FC".  The Hollywood team is said to include Jimmy Jean-Louis and Costas Mandylor, former Sex Pistols guitarist Steve Jones and Vivian Campbell of Def Leppard, former World Cup players Frank Leboeuf of France, Richard Gough of Scotland, and Americans Joe-Max Moore and Eric Wynalda.

In addition to the game, there will be a silent auction of autographed merchandise from the Galaxy and Hollywood teams.

Herbalife has received some great publicity because of their sponsorship of  the L.A. Galaxy. David Beckham's jersey is the number one selling item in Major League Soccer and each one carries the Herbalife logo on the front.

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