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USANA Shakes Up Management Ranks

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On Friday, USANA Health Sciences (NYSE: USNA  ) announced a series of management changes. Chief Financial Officer Doug Hekking is stepping down from the CFO's post to resume an unspecified "strategic role that will support the Company's finance and operations groups." USANA's current Vice President of Human Resources, Paul Jones, a seven-year veteran of USANA, has been promoted to the CFO position on an interim basis.

The company's Chief Operating Officer, Roy Truett, has resigned, and assuming his responsibilities is Chief Production Officer Jim Brown, who will "report directly to the CEO," but not inherit Mr. Truett's COO title.

USANA announced that it has named a Chief Information Officer, Rick Stambaugh, a former Director of Corporate Marketing at Herbalife (NYSE: HLF  ) . The company also promoted Executive Director of U.S. Field Development Lori Truman to the position of Vice President of U.S. Field Development.

Shares reacted negatively to the news, closing down 8.2%, at $38.42.


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Rich Smith
TMFDitty

As a defense writer for The Motley Fool, I focus on defense and aerospace stocks. My job? Every day of the week, I'm monitoring the news, figuring out the winners and losers, and tracking down the promising companies for you to invest in. Follow me on Twitter or Facebook for the most important developments in defense & aerospace, and other great stories.

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