Exhibit 99.1
August 2, 2023
Herbalife Appoints A Top Distributor, Stephan Gratziani, Chief Strategy Officer
LOS ANGELES(BUSINESS WIRE) Herbalife Ltd. (NYSE: HLF), a premier health and wellness company and community, today announced the appointment of
Stephan Paulo Gratziani to Chief Strategy Officer, effective August 4, 2023. Mr. Gratziani will report directly to Chairman and Chief Executive Officer Michael Johnson and work closely with the Companys senior management team to
implement and advance key strategic initiatives, including the Herbalife One digital technology platform and business verticals. He will also partner with senior executive and regional leadership to enhance sales training programs, promote
distributor engagement, and identify growth opportunities.
Mr. Gratziani brings over 32 years of experience to Herbalife as an independent
distributor with a proven track record of global business growth. During his time as an independent distributor, Gratziani expanded his Herbalife business to 70 markets across North America, South America, Europe, and Asia. He was named to the
Companys Chairmans Club in 2010, and in 2018, he achieved the highest distributor level of Founders Circle. Mr. Gratziani was also recognized as one of Herbalifes top 3 independent distributors in the world for 2022. As
a distributor leader, he has been an integral member of various strategy and planning groups for the Company and brings a strong analytics background and innovative entrepreneurism.
Additionally, John DeSimone will transition from his position as Chief Strategic Officer to Special Advisor to the Company.
Through the tremendous business Stephan has grown across 70 markets as an independent distributor, he has proven himself as a highly effective
strategist, said Michael Johnson, Chairman and CEO. We are looking forward to Stephan bringing his skillset and distributor perspective to further innovate Herbalife as we modernize and move towards our next chapter of growth.
After 32 years as an independent distributor focused on building successful sales teams and processes around the world, I am excited to be working
closely with Michael and our talented senior management team as we usher in a new era of Herbalife. We have an incredible opportunity to grow our top-line as we further align our Companys strategy,
culture and framework to support distributors in growing their businesses, said Stephan Gratziani.
On August 1, 2023, Mr. Gratziani
resigned from the Companys Board of Directors and agreed to become an employee of the Company in the role of Chief Strategy Officer. As required by the Companys conflict of interest policy, Mr. Gratziani agreed to suspend his
Herbalife distributorship and waived any rights to his distributorship earnings under the Companys marketing plan during the term of his employment with the Company through December 31, 2025. As a material inducement to Mr. Gratziani
agreeing to become