MLM News Weblog 
Mannatech Announces Executive Change
MLM, Network Marketing and Home Based Business News
 Npros.com | New Companies | Home Based Business Directory | Rep Listings | MLM Leads | Classifieds



Mannatech Announces Executive Change

Click to Receive News and Updates via Email


News Source: Press Release

"COPPELL, Texas, Dec 16, 2011 -- Mannatech, Incorporated has announced the resignation of one of its senior executives.

Stephen D. Fenstermacher, Chief Financial Officer and co-CEO, resigned effective December 13, 2011, to accept an opportunity with a financial services company. Mr. Fenstermacher joined Mannatech in 1998, and has served as its Chief Financial Officer since October 1999. He joined the Mannatech Senior Executive Office as co-CEO in December 2009. The Company's Board of Directors is currently evaluating the vacancy in the Senior Executive Office resulting from Mr. Fenstermacher's resignation.

Mannatech has promoted S. Mark Nicholls to Chief Financial Officer. Mr. Nicholls joined Mannatech in December 2007 to serve as Senior Tax Manager, and most recently served as Vice President Treasury & Tax. Prior to joining Mannatech, Mr. Nicholls served as Tax Director at Carter & Burgess, a large architectural and engineering firm in the United States, and as Chief Financial Officer for The Cirrus Group, a real estate management and development company. Additionally, Mr. Nicholls spent ten years working at public accounting firms, including PricewaterhouseCoopers and BDO Seidman. He is a Certified Public Accountant licensed in the State of Texas.

"We are very thankful for the many contributions Steve has made at Mannatech in his 13 years of service at the company, and wish him the utmost success in his new ventures," says co-CEO and Chief Science Officer Robert. A. Sinnott. "Moreover, we're excited about the promotion of Mark Nicholls to Chief Financial Officer. Mark has been an integral part of the Mannatech team over the past four years. He is equally impressive in both his ability to protect Mannatech's financial standing and in his comprehension of the growth mechanisms that influence success in the direct sales industry.""

Mannatech  Company Profile

Link: Mannatech Announces Executive Change

 

Share This Article

Delicious Del.icio.us  reddit Stumbleupon StumbleUpon
 Digg   FURL technocrati Technorati



Related News

Mannatech Launches Mission 5 Million Movement
Posted 9/2/2013
Mannatech Reports Q2 2013 Financial Results
Posted 7/31/2013
Mannatech Announces Transition to Social Entrepreneurship Model
Posted 7/15/2013
Mannatech Appoints Bo Short President of Business and Field Development
Posted 5/18/2013
Mannatech Promotes Al Bala to Chief Sales and Marketing Officer
Posted 5/7/2013
Mannatech Holds Annual Associate Event
Posted 4/27/2013
Mannatech Reports Fourth Quarter and Year End Results
Posted 3/26/2013
Mannatech Hires Roy Truett as President of International and COO
Posted 3/6/2013
Mannatech Independent Associates Step Up to Nourish One Thousand Children
Posted 1/24/2013

 

Npros News Weblog
MLM, Network Marketing and Business Opportunity News

Receive Mannatech News and Updates via Email

News Archive

Work at Home
Directory Project


Receive the Npros.com XML/RSS news and
new company feed

Recent News:


News Archive

April
March
February
January