The Board of Directors of Herbalife Nutrition Ltd. announced that John Agwunobi, Co-President and Chief Health and Nutrition Officer, will become Chief Executive Officer, effective March 30, 2020. At that time, John DeSimone, Co-President and Chief Strategic Officer, will become President. Michael Johnson, who is serving as CEO on an interim basis, will remain Chairman of the Board of Directors.

John Agwunobi joined Herbalife Nutrition as Chief Health and Nutrition Officer in 2016 and was named Co-President in 2018. Mr. DeSimone joined Herbalife Nutrition in 2007 as Senior Vice President, Finance and then served as Chief Financial Officer for eight years before being named Co-President and Chief Strategic Officer in 2018. In his most recent role, he managed the Company's regional leadership, who are responsible for growing the Company's premier nutrition business and driving performance in more than 94 countries around the globe.