Company structures leadership to support 2012 strategic plans
COPPELL, Texas--(BUSINESS WIRE)--Jan. 5, 2012--
Mannatech, Incorporated (NASDAQ: MTEX),
the leading innovator and provider of nutritional supplements and skin
care products based on Real FoodTechnology® solutions,
announced changes today in its Senior Executive Office (SEO) and
corporate structure. Dr. Robert A. Sinnott has been named CEO, B. Keith
Clark has been named Chief Operating Officer and Al Bala has been named
Executive Vice President, Sales and Marketing. These three executives
make up Mannatech’s Senior Executive Office (SEO).
Dr. Robert A. Sinnott, CEO and Chief Science Officer, joined Mannatech
in 2005 as Chief Science Officer, and added the responsibilities of
co-CEO in 2009. Dr. Sinnott is a 20-year veteran of technical
organizations spanning government, academic and commercial enterprises,
and has spent the last 13 years working directly in the dietary
supplement industry. Sinnott earned his M.N.S. degree in Natural
Science, and a Ph.D. degree in Plant Sciences from Arizona State
University.
B. Keith Clark has been named Chief Operating Officer, a new position
for the company, in addition to his role as Chief Legal Officer. Mr.
Clark joined Mannatech in 2006 as Senior Vice President and General
Counsel, and most recently held the position of Executive Vice President
and Chief Legal Officer. Prior to his time at Mannatech, Mr. Clark
oversaw legal and organizational management for various commercial
organizations. Mr. Clark earned an M.B.A. and his Juris Doctor from the
University of Texas at Austin. In addition, Mr. Clark is a member of the
State Bar of Texas and also serves on the board of directors of several
nonprofit organizations.
Al Bala, Executive Vice President, Sales & Marketing, will lead the
company’s efforts to streamline and unify its sales and marketing
efforts to even better support the company’s independent sales
Associates. Mr. Bala joined Mannatech in 2007 as Senior Vice President
of Sales, and has since been at the center of the company’s global sales
and marketing efforts. Mr. Bala has worked within the direct sales
industry for 30 years in North America and in more than 60 global
markets. From 1992 – 2006, he served as Chief Operating Officer of Britt
Worldwide, LLC, one of the largest independent Amway network marketing
organizations.
“We’re excited about what will happen for Mannatech in 2012 and 2013,
and we’re structuring the company to support our plans to the fullest,”
said Mannatech’s Chairman of the Board J. Stanley Fredrick. “We have the
utmost confidence in these promotions and in this executive team. We’ve
been impressed with both their vision for the future and their
management of the company during their time with Mannatech, and we feel
these changes will set the stage for improved sales revenue, operational
efficiencies and profitability.”
Individuals interested in Mannatech’s products or exploring its business
opportunity are encouraged to learn more at Mannatech.com.
About Mannatech
Mannatech, Incorporated, develops high-quality health, weight and
fitness, and skin care products that are based on the solid foundation
of nutritional science and development standards. Mannatech is dedicated
to its platform of Social Entrepreneurship based on the foundation of
promoting, aiding and optimizing nutrition where it is needed most
around the world. Mannatech’s proprietary products are available through
independent sales Associates around the globe including the United
States, United Kingdom, Canada, South Africa, Australia, New Zealand,
Austria, Denmark, Germany, Norway, Sweden, the Netherlands, Japan,
Taiwan, Singapore, Estonia, Finland, the Republic of Ireland, Czech
Republic, the Republic of Korea and Mexico. For more information, visit Mannatech.com.
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.
Source: Mannatech, Incorporated
Mannatech, Incorporated
Brett Duncan, 972-471-7367
bduncan@mannatech.com