PROVO,
Utah, July 27, 2023 /PRNewswire/ -- Nu Skin
Enterprises, Inc. (NYSE: NUS) today announced the appointment of
James D. Thomas as executive vice
president and chief financial officer. Thomas has been serving as
interim CFO for the past four months and has been the company's
chief accounting officer for the past four years.
"Based on his extensive experience, James has a deep
understanding of our operations and the ability to strategically
align our financial resources to support our current business as
well as our vision for the future," said Ryan Napierski, president and CEO. "He brings
strong leadership and solid financial expertise to our senior
management team as we continue to execute on our strategy and
transformation."
Thomas joined Nu Skin in 2010 and has served as interim chief
financial officer since April 2023
and as chief accounting officer since 2019. He has played a
critical role in the company's mergers and acquisitions strategy
and has led several projects across multiple disciplines such as
the global alignment of the company's financial operations and a
recent project to identify cross-functional efficiencies to improve
margins across the company. Prior to Nu Skin, Thomas worked as an
assistant controller of another public, technology-enabled wellness
company and served in the assurance practice at
PricewaterhouseCoopers LLP. Thomas holds Bachelor of Science and
Master of Accounting degrees from Utah State
University.
"It is an honor to be selected for this role during this
exciting time in Nu Skin's history," said Thomas. "I look forward
to working alongside this forward-thinking senior management team
as we execute on our personalized beauty and wellness strategy to
drive business growth and long-term value for our
shareholders."
About Nu Skin Enterprises, Inc.
Nu Skin Enterprises,
Inc. (NYSE: NUS) is a global integrated beauty and wellness
company, powered by a dynamic affiliate opportunity platform. The
company helps people look, feel and live their best with products
that combine the best of science, technology and nature. Backed by
nearly 40 years of scientific research, Nu Skin develops
innovative products including Nu Skin® personal care, Pharmanex®
nutrition and the ageLOC® anti-aging brand which includes an
award-winning line of beauty device systems. Nu Skin operates in
nearly 50 markets worldwide in the Americas, Asia, Europe,
Africa and the Pacific. Rhyz Inc.
is the company's strategic investment arm that includes a
collection of technology and manufacturing companies to support
growth in the core Nu Skin business. Nu Skin is committed to
sustainability, including global initiatives such as transitioning
to reduced and sustainable packaging for all products by 2030. The
Nu Skin Force for Good Foundation also strives to improve
children's health, education and economic circumstances throughout
the world. For more information, visit nuskin.com.
Important Information Regarding Forward-Looking
Statements: This press release contains forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. These statements include, but are not limited
to, statements of management's expectations regarding the company's
growth, vision, improvement of margins, and value for shareholders.
The forward-looking statements and related assumptions involve
risks and uncertainties that could cause actual results and
outcomes to differ materially from the forward-looking statements
expressed herein. These risks and uncertainties include, but are
not limited to, economic and competitive conditions in our business
and the markets in which we operate, potential failure of current
or planned initiatives or products to generate and sustain interest
among our sales force and customers, and regulatory risks
associated with our products and business models. The
forward-looking statements are further qualified by a detailed
discussion of associated risks set forth in the documents filed by
the company with the Securities and Exchange Commission. The
forward-looking statements set forth the company's expectations and
beliefs as of the date that such information was first provided,
and the company assumes no duty to update them to reflect any
change except as required by law.
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SOURCE Nu Skin Enterprises