Mannatech Announces Appointment of Robert A. Toth as Vice Chairman of the Board of Directors
November 26 2024 - 3:30PM
Business Wire
Mannatech, Incorporated (NASDAQ: MTEX) announced that on
November 20, 2024, the Board of Directors of Mannatech,
Incorporated (the “Board”) appointed Robert A. Toth to the Board
where he will serve as Vice Chairman of the Board of Mannatech,
Incorporated (the "Company") effective December 1, 2024.
Mr. Toth will serve as a Class III director of the Board. Mr.
Toth previously served on the Company's Board between March 2008
through May 31, 2023. Mr. Toth previously served as the Chairman of
the Compensation and Stock Option Plan Committee, served on the
Audit Committee, the Nominating/Governance and Compliance
Committee, the Science and Marketing Committee, and from August
2014 to March 2019, Vice Chairman of Mannatech’s Board.
Mr. Toth has more than 40 years of direct selling experience. As
President of Avon International from 2004 to 2005, his operations
included over 120 countries with annual revenues exceeding $5.5
billion. Mr. Toth began his Avon career in customer service in
1978, then moved to U.S. sales and operations and was promoted to
U.S. Director of Sales in 1989. He transitioned to Avon
International in 1991 as Director of New Business Development,
where he played a lead role in Avon’s market entry plan for Russia.
He was based in Warsaw from 1993 to 1997 as Avon’s President of
Central and Eastern Europe, where he established and led Avon
Poland. From 1997 to 2004, Mr. Toth was based in London where he
held several senior management positions including Group Vice
President, Eastern Europe, Middle East and Africa (1997-1999),
Senior Vice President, Europe, Middle East and Africa (1999-2002)
and Executive Vice President for Asia-Pacific, Europe, Middle East
and Africa (2002-2003). Prior to joining Mannatech, Mr. Toth was
the Co-founder, and until May 2015, was the Chairman of Tatra
Spring LLC, a supply chain services company based in Poland and
founded in September 2008. Since 2006, he has worked in venture
capital as a private investor focused on new business startups in
the technology sector. He has more recently served as a consultant
to the direct selling industry. Mr. Toth graduated from LaSalle
University in 1974 with a B.A. in Business Administration and was
an officer in the U.S. Marine Corps from 1975 to 1978.
J. Stanley Fredrick, the Company’s Chairman of the Board,
stated, “The Company welcomes Bob Toth back to the Board of
Directors, and I am looking forward to working with him as Vice
Chairman of the Board as we take advantage of his vast
international experience to assist us on key strategic objectives
as we expand globally.”
Landen Fredrick, the Company’s President & Chief Executive
Officer, stated, “During his 15 years on the Board, Bob Toth was an
influential mentor in my growth as a leader and executive at
Mannatech. His experience and insight have shaped much of my
perspective, and I’m excited to work with him again as Vice
Chairman as we continue to drive Mannatech forward.”
About Mannatech:
Mannatech is a leading global health and wellness company
committed to empowering everyone to live their best life through
cutting-edge, science-backed nutritional products, patented
technology, and a rewarding business opportunity. With operations
in 25 markets†, Mannatech helps people to live healthier, more
fulfilling lives while making a positive social impact in the
world. Individuals interested in Mannatech's products or in
exploring its business opportunity can learn more at
Mannatech.com.
†Mannatech operates in China under a cross-border e-commerce
platform that is separate from its network marketing model.
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 “may,” “will,” “should,” "hope,"
“could,” “would,” “expects,” “plans,” “intends,” “anticipates,”
“believes,” “estimates,” “approximates,” “predicts,” “projects,”
“potential,” and “continues” 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, the impact of COVID-19
on Mannatech's business, 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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version on businesswire.com: https://www.businesswire.com/news/home/20241126594288/en/
Erin Barta General Counsel and Corporate Secretary 214.724.3378
ir@mannatech.com www.mannatech.com
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