Herbalife Ltd. announced the appointment of Stephan Paulo Gratziani to Chief Strategy Officer, effective August 4, 2023. Mr. Gratziani will report directly to Chairman and Chief Executive Officer Michael Johnson and work closely with the Company?s senior management team to implement and advance key strategic initiatives, including the Herbalife One digital technology platform and business verticals. He will also partner with senior executive and regional leadership to enhance sales training programs, promote distributor engagement, and identify growth opportunities.

Mr. Gratziani brings over 32 years of experience to Herbalife as an independent distributor with a proven track record of global business growth. During his time as an independent distributor, Gratziani expanded his Herbalife business to 70 markets across North America, South America, Europe, and Asia. He was named to the Company?s Chairman?s Club in 2010, and in 2018, he achieved the highest distributor level of Founder?s Circle.

Mr. Gratziani was also recognized as one of Herbalife?s top 3 independent distributors in the world for 2022. As a distributor leader, he has been an integral member of various strategy and planning groups for the Company and brings a strong analytics background and innovative entrepreneurism. Additionally, John DeSimone will transition from his position as Chief Strategic Officer to Special Advisor to the Company.

On August 1, 2023, Mr. Gratziani resigned from the Company?s Board of Directors and agreed to become an employee of the Company in the role of Chief Strategy Officer. As required by the Company?s conflict of interest policy, Mr. Gratziani agreed to suspend his Herbalife distributorship and waived any rights to his distributorship earnings under the Company?s marketing plan during the term of his employment with the Company through December 31, 2025.