COPPELL, Texas--(BUSINESS WIRE)--Nov. 3, 2014--
Mannatech®,
Incorporated (NASDAQ: MTEX), the pioneer of nutritional
glycobiology, and leading innovator of naturally-sourced
supplements based on Real
Food Technology® solutions, and creator
of the M5MSM (Mission
5 MillionSM) social entrepreneurial
movement, announced the appointment of Eric W. Schrier to the Board of
Directors, effective October 28, 2014.
Stanley J. Fredrick, Chairman of the Board of Mannatech, Incorporated,
commented, “Mr. Schrier brings a wealth of valuable experience in
digital and print media, customer acquisition, and direct selling.”
Mr. Schrier, age 62, served as President and CEO of The Reader’s Digest
Association where he was responsible for $2.4 billion in revenue and
4,500 employees and more than 100 million customers in 70 countries
during his tenure from January 2006 to March 2007. Since June 2013, he
has served on the Board of Directors as Chairman for Edible Media, a
multi-platform media company in the farm-to-table food space. He
currently serves on the Boards of Directors for TEN (The Enthusiast
Network) (since January 2011), American Chemical Society (since June
2012), Reader’s Digest Association (since April 2014), and MeQuilibrium
(since October 2011). He has previously served on the boards of Willow
House (from July 2009 to December 2013), Demdex Corp (from July 2009 to
January 2011), and Bonnier USA (from September 2007 to July 2009). Since
January 2009, he has consulted with large media corporations to help
them create and pursue their digital strategies and diversify their
revenue streams. Previously, he identified and evaluated selected
acquisitions and partnership opportunities in media at Ripplewood
Holdings. Prior to this, he served in a variety of positions at The
Reader’s Digest Association, Inc. from January 2000 to March 2007. From
1995 to 2000, he served as President and CEO for Time Inc. Health
expanding the franchise into other print and digital media and markets
including managed care and pharmaceutical companies. From 1990 to 1995
he served as Editor-in-Chief for Time Inc. Ventures where he evaluated
new magazine ideas, acquisitions, franchise extensions, and other growth
markets. Mr. Schrier earned a Bachelor’s Degree in Human Biology from
Brown University in 1973 and a Masters in Journalism from U.C. Berkeley
in 1977.
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, Mexico and Hong Kong. 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
Ben Hulet, 972-471-7224
bhulet@mannatech.com