On February 17, 2020, Michael O. Johnson, a member of Herbalife Nutrition Ltd.'s Board of Directors (the “Board”) since 2003 and Chairman of the Board since 2007, notified the Company that he plans to retire from the Board effective as of April 29, 2020. Mr. Johnson's decision to retire is not due to any disagreement with the Company. Herbalife Nutrition also announced that John Agwunobi, who as previously announced will become CEO effective March 30, 2020, will also assume the role of Chairman of the Board, effective upon his election to the Board at the upcoming Annual Meeting of Shareholders.

Michael Johnson will retire as Chairman and CEO after 17 years at the company. James Nelson, Lead Independent Director of the Board, commented, “Michael Johnson has been a tremendous leader of Herbalife Nutrition for the last 17 years, setting the course and overseeing a period of extraordinary growth marked by global expansion, significant product innovation and deep connections to distributors and customers around the world.