Day: May 7, 2021

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FreeLife International Former President Kevin Fournier as CTFO President

CTFO-President-Kevin-Fournier
CTFO-President-Kevin-Fournier

PRNewswire/ – RENO, Nev., May 5, 2021 — CTFO, Inc. (“CTFO”), a US-based health and wellness company’s with operations in the United States, Canada, and fifteen European countries, was established in 2015.
Kevin Fournier is appointed President of the CTFO, and his appointment is effective immediately. Stuart Finger, the former President, CEO, and Director stepped down as President to make way for Kevin Fournier but will continue to serve as a director and CEO.

Kevin has a proven track record of operational excellence, but we admire his astute leadership skills just as much.

“We are gratified to add Kevin to our Executive Team,” said Dan Gregory, Chairman of the Board of Directors. He brings 22 years of experience building a similar company that produced $1 billion in revenue around 22 countries. We think Kevin is the right person at the right time to help the CTFO advance to the next level by providing the resources that will enable us to execute more quickly and efficiently.
“In his new position as President, Kevin brings a track record of operational success, but it’s his astute leadership abilities that we admire equally,” said Stuart Finger, CEO. “I’m excited to collaborate with Kevin.”

Kevin Fournier’s bio:

• From 1995 to 2017, I led a direct selling corporate and field sales team to well over $1 billion in sales.
• Over 20 countries are covered, including the United States, Puerto Rico, Canada, Australia, and the Philippines.
• At company conferences and festivals, he is a frequent speaker and teacher.
• Co-founder of a national charitable donation organization that helps children in need all over the world.
• For two years, I was a member of the Direct Selling Association’s Board of Directors.
• “It’s my mission to provide people with the skills and confidence they need to live exceptional lives.”

• “Changing lives for the great is what CTFO is all about, and I sensed the dedication from Stuart and the team the first day I talked with them,” Kevin Fournier said. “We are well placed for substantial growth in 2021, and I am confident that everyone at CTFO has a bright future. I’m ecstatic to be a member of such a fantastic squad!”

Kevin is a world-class executive with extensive experience in personal and team leadership as well as global operations. CTFO would be able to recruit empowered, independent associates to our network sales & marketing distribution model, scale internationally, and make our 10xPURETM stabilized cannabinoid acid delivery technology a dominant global leader thanks to this rare combination of proven talents.

About CTFO
CTFO is a US-based health and wellness organization with operations in the United States, Canada, and fifteen European countries. CTFO acquires, develops, formulates, and distributes product solutions directly to customers through its network distribution and marketing teams of independent associates. CTFO’s mission is to equip people with the resources they need to succeed in the industry, wellness, and service to others while demonstrating the Gospel with quality, honesty, and generosity.

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Medifast Q1 2021 Revenue Increased 90.9%

Medifast-Q1-2021-Revenue
Medifast-Q1-2021-Revenue

The first quarter of 2021 financial results for Medifast, Inc. show a 61 percent rise in active earning OPTAVIA coaches, a new high of 52,500, and a 90.9 percent increase in sales, to $340.7 million. In addition, the company’s net income rose by 122% to $41.1 million.

“This has been an exceptional quarter of growth and productivity, demonstrating the exceptional abilities of both our independent OPTAVIA Coaches and our employees,” said Dan Chard, Medifast’s Chairman, and Chief Executive Officer. “We currently have a total of 52,500 OPTAVIA Coaches, all of whom are hitting new efficiency highs by using technology to assist clients and recruit new OPTAVIA Coaches. Our app-based tools and social media networks, and field-led training platforms are among these innovations. Consumer interest in health and wellness is still strong, and the OPTAVIA coach-based model’s power and ability to change lives have continued to draw a steady stream of new clients.

We’ve boosted sales and earnings growth to new highs by harnessing demand and maximizing our organizational capabilities. We’re continuing to invest in infrastructure to take advantage of potential growth prospects while still maintaining a solid balance sheet and prioritizing capital allocation to maximize long-term value for stockholders.”

OPTAVIA-branded brands accounted for 88.9% of consumable units sold in Q1 2021, up nearly 10% from the same timeframe the previous year.
The average revenue per successful OPTAVIA Coach rose by 21% to 6,454 dollars.

The following are some of the report’s other highlights for Q1 2021:
• A gross profit rise of 83.8 percent, totaling $248.5 million, with a gross profit margin of 73 percent.

• Owing to higher OPTAVIA commission costs, increased wages and benefits for workers, and increased credit card fees from higher sales, selling, general, and administrative expenses increased 75.2 percent to $195.7 million.

• The company’s operating income totaled $52.8 million.

• The company’s cash, cash equivalents, and expenditure securities equal $212.9 million, and it has no interest-bearing debt.

• On February 5, 2021, a cash dividend of $13.4 million, or $1.13 per share, was paid.

• The quarterly dividend has been increased by 26 percent (to $1.42 per share) and paid on May 6, 2021.

The entire year of 2021 is forecast to range from $1.4 billion to $1.475 billion.

First Quarter 2021 Results
Earnings for the first quarter of year 2020 rose 90.9 percent to $340.7 million, up from $178.5 million in the first quarter of 2019. In the first quarter, OPTAVIA-branded brands accounted for 88.9% of consumable units sold, compared to 79.0% in the same timeframe a year earlier. According to the company’s market and brand plan, the Medifast-branded product line will be phased out by the completion of the second quarter of the year 2021.

The total number of successful earning OPTAVIA Coaches rose by 61.0 percent to 52,500 in the first quarter of the year 2020, up from 32,600 in the previous quarter. The average revenue per successful earning OPTAVIA Coach was $6,454 in the first quarter of this year, up 21.0 percent from $5,333 the last year.

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Herbalife Nutrition Q1 2021 Revenue Increased18.9%

Herbalife-Q1-2021-Revenue
Herbalife-Q1-2021-Revenue

Herbalife Nutrition released financial results for the first quarter of 2021, which included an 18.9% rise over the same quarter last year, setting a new company high of $1.5 billion.

“Our distributors provided valuable nutrition solutions to customers around the world this year, and we delivered record first-quarter results with net sales growth of 18.9%,” said John Agwunobi, Chairman and CEO of Herbalife Nutrition.

As market demand for health and wellness products continues to drive revenues, five of the company’s six geographic regions posted year-over-year net sales growth in the first quarter of 2021, with India setting a new growth record of 37 percent. During the quarter, the company’s targeted nutrition segment grew by 21%, while its main weight control product category grew by 16%.

“We have meaningfully boosted and narrowed our full-year 2021 outlook due to the continued performance of our materially expanded sales force, as well as increased recognition and market demand for our rapidly growing product portfolio. “We believe in our company’s long-term growth potential,” Agwunobi said.

A $621 million share repurchase was also part of the company’s strategy to increase shareholder value. “In the first quarter, we repurchased $621 million in shares,” said Alex Amezquita, Herbalife Nutrition’s Chief Financial Officer. “As we look to deploy surplus cash to the nearly $1.5 billion left on our share repurchase program, we will continue to have a keen emphasis on maximizing shareholder value and capital allocation.”

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Mark Schissel Herbalife Nutrition New Chief Operating Officer

Herbalife-New-Chief-Operating-Officer
Herbalife-New-Chief-Operating-Officer

Mark Schissel has been appointed the current Chief Operating Officer of Herbalife Nutrition Ltd. Schissel will take over as CEO on August 2, 2021, succeeding David Pezzullo, who is retiring after more than 17 years with the group. “Mark is an incredible leader who has proven his ability to lead a complex global organization over the years, and we have full faith in him to lead us through our continued expansion,” said John Agwunobi, Chairman and CEO of Herbalife Nutrition. “He is a part of the company’s executive bench, which is comprised of an outstanding and competent group of individuals who will continue to lead with enthusiasm and vision.”

Schissel previously worked for Herbalife as Vice President of Enterprise Applications. Schissel will be in charge of the company’s corporate operations, global business services, regional finance and operations functions, information technology and infrastructure, and cyber and global security in his new position.

“I am ecstatic at the prospect of playing an even bigger role in the company’s development, as it offers great-tasting nutrition products and an established market opportunity to people all over the world,” Schissel said.

“Dave’s leadership and achievements across multiple roles have been critical to our company’s success,” said Agwunobi. “While his leadership and endearing personality will be deeply missed, he leaves behind a world-class team and operation.”

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Alissa Neufeld Joins LifeVantage New General Counsel

LifeVantage-Alissa-Neufeld
LifeVantage-Alissa-Neufeld

Alissa Neufeld, General Counsel for LifeVantage, has joined the company’s executive team. Alissa joins LifeVantage after four years at Nature’s Sunshine, a health and wellness company.

Her legal career began at the age of 19 with a state judicial clerkship, preceded by a thrilling and winding journey that started as a legal assistant, progressed to a Ninth Circuit clerkship after law school, dived into mergers and acquisitions at a national law firm, and culminated in in-house counsel roles that eventually led her to the peak of her career now at LifeVantage.

Alissa couldn’t help but be ecstatic to meet LifeVantage’s CEO, Steve Fife, because she knew the company had something unique to offer with Steve at the helm.

“Steve was genius when I met him, but it was his positive energy and vision that attracted me to him,” she said. “I had a deep feeling that LifeVantage was about to embark on an exciting journey, and I desired to be part of this.”

Alissa found that LifeVantage was attracting not only her but also many other talented team members who were all working together seamlessly.

“A rewarding work environment and a prosperous organization need a community of optimistic and trustworthy teamwork.”

Alissa mentioned that the people she works with are the most critical factor in her job satisfaction. When she began to meet the people at LifeVantage, she realized she had been correct in assessing the community and people.

“It’s only been a few weeks, but I already know I made the right decision in choosing this business and this career path.”

Alissa is also thrilled to be a part of an organization that promotes diversity and inclusion, praising LifeVantage’s outstanding female senior management team members.

“At LifeVantage, there are no obstacles if you have the right skillset.
I’m proud and thrilled to be a part of a business that prioritizes talent and cultural fit, which this company excels at.”

Alissa also mentioned how her family culture influenced her values.
Her mother instilled in her the consequence of having a positive outlook, which she feels positively affects both her personal and professional life.
Her father instilled in her the essential yet profound importance of happiness and making others happy.

“I understand that we want to calculate performance in terms of numbers, and the numbers must be present. The most actual victory, in my opinion, is when the people around you are confident, committed, and proud of their work and accomplishments.
LifeVantage, I believe, provides the community, and I am grateful to be a part of it.”

Alissa enjoys spending time with her six-year-old twin boys and traveling whenever she can go outside of college. Exercise is also an essential part of her self-care. “LifeVantage is a health and wellness brand, and I enjoy being a part of a company that believes in well-being as much as I do.”

“I believe LifeVantage is on the verge of taking off, and I am looking forward to the ride,” she adds. With Alissa at the helm, it’s evident that this business is on the right track.

About LifeVantage Corporation

Nutrigenomics is a modern science dedicated to biohacking the human aging code, and LifeVantage Corporation (Nasdaq: LFVN) is a leader in it.
The company identifies, researches, develops, and distributes advanced nutraceutical dietary supplements, as well as skin and hair care products, such as its Protandim® line, LifeVantage® Omega+ and ProBio nutritional supplements, the TrueScience® line of Nrf2, infused skin care and hair care products, Petandim® for Dogs, Axio® innovative energy drink mixes, and the PhysIQ™ weight management system.

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CorVive announces Luis Caceres as company Vice President

Luis-Caceres-CorVive-Vice-President
Luis-Caceres-CorVive-Vice-President

Luis Caceres is being promoted to company Vice President at CorVive, one of the newest and fastest expanding companies in the health and wellness industry. Luis’ addition to the CorVive executive team is a bit of a homecoming since he spent most of the previous decade as the director of the field production for one of the largest and longest-running network marketing firms.

As he refined global expansion, especially in the Spanish-speaking global expansion, he could significantly advance sales goals. Before this prestigious role, Luis was a key member of the Fouts management team as they built an extensive network of direct sales affiliates in preparation for the launch of their new company CorVive.

“We are delighted to have Luis back to assist us in achieving our short and long-term objectives. It was always our hope when we started CorVive almost three years ago that we could get Luis as a part of this very exceptional venture, CorVive,” says the founder.
Jeremy Fouts, the founder of CorVive, discussed it.

Luis’s responsibilities as VP will include overseeing marketing and sales activities and supporting field leadership in achieving their objectives. He is ecstatic to be a part of shaping the future of such a promising young business.

CorVive Information:-

CorVive has collaborated with some of the industry’s most prestigious formulators to ensure well-formulated goods that set CorVive apart from the competition.