COPPELL, Texas--(BUSINESS WIRE)--Jun. 10, 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, recently announced the appointment of Chris Simons to Regional
President, EMEAA, and Patrick Park to Regional President, Asia.
Chris Simons joined Mannatech in 2008 as Director of Sales, South
Africa. His roles and responsibilities quickly increased, most recently
as Regional Vice President, EMEA. Prior to his time at Mannatech, Mr.
Simons spent 19 years in the direct sales industry as a field leader and
business manager for one of the largest independent networks of direct
sellers in the world. Over his career, he has played an integral role in
launching many new markets, including South Africa, Malaysia, India,
China, Turkey, Indonesia, Thailand and many countries in Europe. He has
overseen the deployment of global systems incorporating events and
business education platforms that have resulted in over $1 billion in
revenues in those specific markets. Chris is known for working very
closely with his field leaders, and creating a market where those
leaders have the freedom and support to thrive, while also building an
operation that is set up for ongoing, sustainable business. "Over my
time at Mannatech, it's been a distinct pleasure to witness so many
leaders rise up, and to work so closely with them," says Chris Simons,
Regional President, EMEAA. "I'm eager to support the acceleration of
this leadership growth across the world.”
Patrick Park joined Mannatech in 2009 as General Manager, South Korea.
More recently, Mr. Park served as Regional Vice President for Asia,
leading the company’s overall operations in Japan and Taiwan, and was
crucial in the launch and oversight of the Hong Kong market in 2013.
Prior to joining Mannatech, Patrick Park served 13 years in the direct
sales industry. Over his career, he has played a key role in expansion
into markets including Russia, Korea, India, Indonesia, Turkey and
Thailand as part of a multi-billion dollar company. He has demonstrated
explosive sales and marketing leadership as well as keen operational
management during his time with Mannatech. His expertise in rolling out
company initiatives in a way that resonates with specific markets has
been an invaluable asset to Mannatech. In his new role, Mr. Park will
oversee Mannatech’s operations in South Korea, Japan, Taiwan and Hong
Kong. “Leading Mannatech Asia over the past few years has been very
exciting, and we’ve just begun,” explains Patrick Park, Regional
President, Asia. “I’m focused on maximizing the collaborative efforts in
our North Asian markets, and further supporting the steady growth we’ve
seen overall in the region.”
“Our goal is to always support our customers and our independent
Associates at the highest level,” explains Dr. Robert Sinnott, CEO and
Chief Science Officer. “Mannatech has experienced a shift in its core
business over the past few years. Our revenue outside of North America
now accounts for a larger share of our total business, and we welcome
that shift. These appointments of Chris Simons and Patrick Park follow a
strategic commitment to fully support Mannatech’s latest growth areas.”
Recently, Mannatech announced the appointment of Al Bala to President.
Mr. Bala will oversee the operations led by Mr. Park and Mr. Simons. “We
are pleased to have some great talent to help accelerate this growth,”
adds Al Bala, President. “Patrick Park is a powerful leader who unites
and serves our Associate sales force. He is a terrific manager of our
global business in Asia. Chris Simons is a fantastic operational leader
who shares the passion of top Associate leaders. He has proven he can
implement powerful events, strong leadership development and inspire the
field to take actions to grow their business.”
For the first quarter 2014, Mannatech reported that operations outside
of North America accounted for approximately 52.8% of consolidated net
sales (compared to 50.8% for first quarter 2013). During this same
timeframe, Asia/Pacific net sales increased by 6.7%, and EMEAA (Europe,
Middle East, Africa and Australasia) net sales increased by 8.8%.
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, Hong Kong and Namibia. 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