Mannatech,
Incorporated
(NASDAQ: MTEX)
has announced the resignation of two senior executives.
Randy Bancino, President, International resigned effective May 16, 2011,
to accept a senior position with another company. At Mannatech, Mr.
Bancino was responsible for international markets, including Korea,
Japan, Taiwan, Austral-Asia, Europe, South Africa, and Mexico. Mr.
Bancino also headed the Global Expansion and Global Supply Chain areas.
Claire Zevalkink, Senior Vice President and Global Chief Marketing
Officer, who is engaged to be married to Mr. Bancino, also resigned
effective May 16, 2011, to return to her career in marketing and
business strategy consulting. Ms. Zevalkink’s responsibilities included
North American and international marketing strategies as well as
internet marketing activities.
Mannatech’s Co-CEOs, Dr. Rob Sinnott and Steve Fenstermacher, stated,
"We thank Mr. Bancino and Ms. Zevalkink for their significant
contributions during their time with Mannatech. Their leadership and
management skills have contributed greatly to Mannatech’s business
around the world, and we wish them the very best in the future.”
The responsibilities of the departing executives will be absorbed
internally.
Individuals interested in Mannatech’s products or in exploring its
business opportunity can learn more at mannatech.com.
About Mannatech
Mannatech, Incorporated, develops high-quality health, weight and
fitness, and skin care products that are based on the solid foundation
of nutritional science and development standards. These proprietary
products are available through independent sales Associates around the
globe including the United States, Canada, South Africa, Australia, New
Zealand, Austria, Denmark, Germany, Norway, Sweden, the Netherlands, the
United Kingdom, Japan, Taiwan, Singapore, the Republic of Korea and
Mexico. For more information, visit mannatech.com.
Please Note: This release contains "forward-looking statements”
within the meaning of Section 27A of the Securities Act of 1933, as
amended, Section 21E of the Securities Exchange Act of 1934, as amended,
and the Private Securities Litigation Reform Act of 1995. These
forward-looking statements generally can be identified by use of phrases
or terminology such as "intend” or other similar words or the negative
of such terminology. Similarly, descriptions of Mannatech’s objectives,
strategies, plans, goals or targets contained herein are also considered
forward-looking statements. Mannatech believes this release should be
read in conjunction with all of its filings with the United States
Securities and Exchange Commission and cautions its readers that these
forward-looking statements are subject to certain events, risks,
uncertainties, and other factors. Some of these factors include, among
others, Mannatech’s inability to attract and retain associates and
members, increases in competition, litigation, regulatory changes, and
its planned growth into new international markets. Although Mannatech
believes that the expectations, statements, and assumptions reflected in
these forward-looking statements are reasonable, it cautions readers to
always consider all of the risk factors and any other cautionary
statements carefully in evaluating each forward-looking statement in
this release, as well as those set forth in its latest Annual Report on
Form 10-K and Quarterly Report on Form 10-Q, and other filings filed
with the United States Securities and Exchange Commission, including its
current reports on Form 8-K. All of the forward-looking statements
contained herein speak only as of the date of this release.
