25.03.2008 13:00:00
|
Mannatech Adds Robert Toth to Board of Directors
Mannatech, Incorporated (NASDAQ: MTEX), announced today that, effective
March 24, 2008, Robert Toth, former Executive Vice President of Avon
Products, will join the company’s Board of
Directors. His appointment increases the number of directors to ten, and
Mr. Toth will stand for re-election at the company’s
Annual Shareholders’ Meeting on June 18, 2008.
Mr. Toth, age 55, brings over 27 years of direct-selling experience,
most recently as President of Avon International from 2004 to 2005. In
that capacity, his operations included over 120 countries with annual
revenues in excess of $5.5 billion. Since leaving Avon, he has worked in
venture capital as a private investor focused on new business start-ups
in the technology sector.
Mr. Toth began his Avon career in customer service in 1978, then moved
to U.S. sales and operations and was promoted to U.S. Director of Sales
in 1989. He transitioned to Avon International in 1991 as Director of
New Business Development, where he played a lead role in Avon’s
market entry plan for Russia. He was based in Warsaw from 1993 to 1997
as Avon’s President of Central and Eastern
Europe, where he established and led Avon Poland. From 1997 to 2004, Mr.
Toth was based in London where he held a number of senior management
positions including Group Vice President, Eastern Europe, Middle East
and Africa (1997-1999), Senior Vice President, Europe, Middle East and
Africa (1999-2002), and Executive Vice President for Asia-Pacific,
Europe, Middle East and Africa (2002-2003).
"We are very pleased that Bob Toth has agreed
to join Mannatech’s Board,”
said J. Stanley Fredrick, lead director of the Board. "His
strong executive experience combined with his extensive industry
knowledge, sales and operational credentials, and hands-on experience in
opening new and emerging markets, will strengthen the company’s
Board and bring an additional global perspective.”
Mr. Toth graduated from LaSalle University in 1974 with a B.A. in
Business Administration and was an officer in the U.S. Marine Corps from
1975 to 1978. He is currently on the Board of Directors of the YMCA in
Madison, New Jersey.
About Mannatech
Mannatech, Incorporated, is a global wellness solutions provider of
innovative, high-quality, proprietary nutritional supplements, topical
and skin care products, and weight management products sold through
independent associates and members located in the United States and the
international markets of Canada, Australia, the United Kingdom, Japan,
New Zealand, the Republic of Korea, Taiwan, Denmark, and Germany.
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.
Der finanzen.at Ratgeber für Aktien!
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
Nachrichten zu Mannatechmehr Nachrichten
Keine Nachrichten verfügbar. |