COPPELL, Texas--(BUSINESS WIRE)--Sep. 9, 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 the promotion
of Russ Wood, Vice President of Hong Kong Sales and Marketing, to
Regional President of Greater China where he will lead the company’s
continued growth in Hong Kong and bring the Mannatech opportunities to
new territories within China.
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Russ Wood, Mannatech's Regional President of Greater China (Photo: Business Wire)
Wood’s promotion is a part of Mannatech’s CEO
and President, Al Bala’s vision to continue global expansion while
supporting the needs of Associates worldwide. After establishing its
Hong Kong operations in 2013, Wood will lead Mannatech’s aggressive plan
to expand its operations within China. Bala views China as a massive
opportunity based on the country’s increasingly prosperous population
who are making health, wellness, nutrition and fitness a priority. With
strong field leadership that includes Chinese Associates in the U.S.,
Canada, Taiwan, Singapore and Hong Kong, Mannatech is well positioned
for expansion into China.
“Russ’ leadership will give Mannatech great prospects for building our
operations in China,” said Bala. “Russ is committed to supporting our
sales Associates and helping them build strong, long-term successful
businesses within Greater China. With his extensive experience in the
region, as well as his deep knowledge of the direct sales industry, we
are well positioned to succeed behind Russ’ limitless energy.”
Wood has been key to Mannatech’s growth in Hong Kong. He successfully
introduced new products, designed sales incentives and worked heavily
with Associate leaders while designing future plans for Mannatech’s
Chinese expansion. Wood will report directly to Patrick Park,
Mannatech’s Regional President of Asia.
“Russ has proven his abilities to build Mannatech’s Chinese market, and
I look forward to working with him to bring new wellness opportunities
to those who need better health and nutrition than ever before,” said
Park. “Russ has built strong relationships with Mannatech’s active and
growth-focused Chinese leaders around the world who will serve as an
important supporting element as he leads us into China. We will work
with these sales Associate leaders to take advantage of the
opportunities available to Mannatech within the business models accepted
in China.”
“I am extremely excited to work with Al and Patrick to continue
Mannatech’s success story we have seen around the globe,” said Wood. “My
vision is to take Mannatech beyond our potential and leverage the
company’s products and sales Associates to meet the wellness demands of
the Chinese market. Our innovative nutritional technology is backed by
science, clinical trials and patents, giving our entrepreneurial sales
Associates a competitive advantage. Our Associates have the luxury of
being able to build a long-term business based on a foundation of
products recognized worldwide for their innovation and quality.”
Prior to joining Mannatech, Wood has held management positions over the
last 20 years including international expansion, marketing and sales,
operations and supply chain for several of the direct selling and
wellness industry’s most successful companies. He received his BA from
Brigham Young University and his MBA from the Thunderbird School of
Global Management.
To learn more about Mannatech, its products or business opportunities,
please visit 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150909006176/en/
Source: Mannatech, Incorporated
Mannatech, Incorporated
Kalyn Ballard, 972-471-7245
pr@mannatech.com