Mannatech,
Incorporated
(NASDAQ: MTEX),
today announced promotions to its executive sales, marketing and
operations teams. Mannatech
Co-CEOs Dr. Robert Sinnott and Steve Fenstermacher shared that
these promotions were both strategic and important to the foundation of
the company.
"These promotions are well-deserved and demonstrate confidence in our
senior staff to drive Mannatech into profitability and growth. We’re
pleased to be able to promote from within our organization, and we look
forward to the continuing success of each of these capable and energetic
company leaders,” they said.
Mannatech’s recent promotions include:
-
Alfredo Bala was promoted to executive vice president of sales.
Mr. Bala joined Mannatech in 2007, and previously had held the post of
Senior Vice President of Global Sales. Before coming to the company,
he held the position of Chief Operating Officer for Britt Worldwide
LLC, one of the largest independent marketing organizations for Amway,
a global direct selling company. In his new position, Mr. Bala will
assume primary responsibility for Mannatech’s sales activity in North
America, including Mexico, Canada and the United States.
-
Ronald Norman was promoted to senior vice president of
international. Mr. Norman joined Mannatech in 1996. He has been
instrumental in opening each of the 16 international markets in which
Mannatech operates. Mr. Norman also has a background in tax and
accounting and is a CPA. Prior to joining Mannatech, Mr. Norman worked
for several multinational accounting firms in their Entrepreneurial
Services Divisions specializing in services for growth companies
seeking expansion opportunities in the United States and
internationally.
-
Brett Duncan was promoted to vice president of marketing. Mr.
Duncan joined Mannatech in 2009 and has led all online marketing
initiatives for the company since then. He was previously Marketing
Manager for AdvoCare, a direct selling company in Plano, Texas and has
been in the direct selling industry since 2002.
-
Tait Switzer was promoted to vice president of research and
development of technical services. Mr. Switzer most recently was
Sr. Director of Product Development for Mannatech, serving with the
company in increasingly responsible positions since 2002. Before
joining Mannatech Mr. Switzer was head of Product Development and
Validations for a pharmaceutical firm based in Fort Worth.
Mannatech also announced that Mark Nicholls was named Vice President,
Treasury and Tax by the Mannatech Board in April 2011. Mr. Nicholls
joined the company in 2007 as Senior Manager of Tax. He is a CPA and
prior to coming to Mannatech held senior positions in the commercial
real estate industry.
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. Mannatech is dedicated
to its platform of Social Entrepreneurism based on the foundation of
promoting, aiding and optimizing nutrition where it is needed most
around the world. Mannatech’s 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.
