COPPELL, Texas--(BUSINESS WIRE)--Sep. 2, 2015--
Mannatech,
Incorporated (NASDAQ: MTEX),
the founder of the M5MSM
(Mission 5 MillionSM) Foundation, the pioneer of
nutritional glycobiology and the global innovator of naturally sourced
supplements based on Real
Food Technology® solutions, today announced a series of
executive promotions designed to fuel the company’s continued global
expansion and commitment to providing world-class support to its
independent sales Associates and customers.
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Mannatech CEO and President, Al Bala; Regional President, Chris Simons; Senior Vice President of Supply Chain and IT, Landen Fredrick; and Senior Vice President of Sales and Marketing, Joel Bikman. (Photo: Business Wire)
Under the leadership of new CEO
and President, Al Bala, Joel Bikman has been promoted to the
position of Senior Vice President of Sales and Marketing and Landen
Fredrick has been promoted to the position of Senior Vice President of
Supply Chain and IT. Additionally, Chris Simons, Regional President,
will add North America to his areas of responsibility.
These promotions are a result of the company strengthening major
elements of its external and internal business functions by leveraging
the skills and talents of its senior executives.
“We are committed to supporting the entrepreneurial spirit of our sales
Associates, and to do so we need to move quickly and on an international
scale,” said Bala. “These outstanding leaders will ensure we create a
culture where our sales Associates can build the best, most stable,
long-term businesses possible. By providing our sales Associates with
results-driven leadership, we’ll be able to elevate our sales Associates
and continue to experience the revenue and profit growth we’ve seen
during the last few years.”
The company’s Research and Development and Customer Service teams will
be integrated with the Sales and Marketing department and will report to
Bikman, Mannatech’s Senior Vice President of Sales and Marketing. Bikman
has been with Mannatech since 2014.
“We want to provide a uniquely great product and brand experience for
each of our Associates and their customers,” said Bikman. “Aligning
these departments will result in quick, visible, coordinated
improvements in each interaction with the company.”
Internal operations, including Mannatech’s Information Technology group,
will synergize with the company’s Supply Chain and Regulatory Affairs
organizations for greater agility and efficiency. The company’s focus on
IT and global positioning of its supply chain will provide a competitive
edge for its sales Associates and further the company’s international
expansion into new, growing markets. Fredrick, Mannatech’s Senior Vice
President of Supply Chain and IT, will lead this effort. Fredrick has
been with Mannatech since 2006.
“I am looking forward to bringing our Associates a high-performing team,
which will focus on meeting their needs worldwide,” said Fredrick. “This
will increase our efficiencies to keep pace with our Associates’ growth.”
Mannatech Regional President, Chris
Simons, will add North America to his list of oversight
responsibilities, which currently includes Europe, South Africa and
Australasia. Simons has provided pivotal leadership in these markets and
in supporting the implementation of the company’s 3-Point Plan system,
which helps sales Associates advance their business and personal
development. Simons’ added responsibilities are part of Bala’s vision to
be more nimble in a dynamic global market, and provide best-in-class
support to meet the needs of its sales Associates and customers. Simons
has been with Mannatech since 2008.
“It is a great honor to be able to work with the incredible local
leadership in North America. I am committed to do whatever I can to
support Mannatech’s growing sales force around the world,” said Simons.
These new leadership responsibilities will be implemented immediately.
Individuals interested in Mannatech’s products or business opportunity
can 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 childhood 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, Canada, South Africa, Australia, New Zealand, Austria,
Denmark, Germany, Norway, Sweden, the Netherlands, the United Kingdom,
Japan, Taiwan, Singapore, Estonia, Finland, the Republic of Ireland,
Czech Republic, the Republic of Korea, Mexico, Namibia, Spain 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 “anticipate,” “believe,” “will,” “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 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.
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Source: Mannatech, Incorporated
Mannatech, Incorporated
Kalyn Ballard, 972-471-7245
pr@mannatech.com