Herbalife Nutrition announces changes to senior leadership roles

With the creation of this new office, Herbalife Nutrition focuses on becoming best-in-class in risk management, controls and compliance

The Board of Directors of Herbalife Nutrition recently said that BoscoChiu, Executive Vice President and Chief Financial Officer, will serve as the company’s first-ever Chief Risk Officer, effective November 9, 2020. Simultaneously, Alex Amezquita, Senior Vice President of Finance and Strategic Planning, has been elevated to Chief Financial Officer. Both will report directly to the CEO and continue to serve on the Executive Committee.

“With the creation of this new office, our company will become best-in-class in risk management, controls and compliance,” said John Agwunobi, Chairman and CEO of Herbalife Nutrition. “Our goal is to create a model corporate culture with world class processes. Bosco Chiu, with his extensive experience in finance, accounting and audit, is the ideal executive to serve as our first Chief Risk Officer. In his new role, Bosco will work across allbusiness units to lead our enterprise risk management, internal controls, ethics and compliance strategy.”

In conjunction with this move, Herbalife Nutrition has promoted Alex Amezquita—who just this week celebrated his three-year anniversary with the company—to Chief Financial Officer. Amezquita’s new role is yet another example of the company’s forward-looking succession planning. He is nowresponsible for all corporate financial functions at the highest level.

“We have many wonderful opportunities ahead to continue to help millions of people around the world improve their nutrition with personalized support from our distributor network,” said Chiu. “I look forward to my new role leading our Herbalife Nutrition team in maximizing our growth opportunitieswhile ensuring focus on managing risk and compliance.”

Amezquita added, “Our business has never been stronger and I look forward to working with our executive team and distributors around the world inadvancing our financial and strategic strength to create value for all stakeholders.”