Management ChangeAug 5, 2026, 04:32 PM
Herbalife CFO John DeSimone to Retire; Scott Schaefer Named Successor
AI Summary
Herbalife Ltd. announced that Chief Financial Officer John DeSimone will retire on December 31, 2026, and Scott Schaefer will succeed him as CFO effective January 1, 2027. Concurrently, the company reported its second fiscal quarter 2026 results, with net sales increasing 5.4% year-over-year to $1.3 billion, exceeding guidance. Despite a reported net loss of $(26.3) million due to a debt extinguishment, adjusted net income was $53.3 million and adjusted EBITDA was $166.6 million. The company also updated its full-year 2026 guidance, narrowing the adjusted EBITDA range due to foreign exchange headwinds, while raising constant currency guidance.
Key Highlights
- CFO John DeSimone announced his retirement, effective December 31, 2026.
- Scott Schaefer, SVP, Finance and Transformation, will succeed DeSimone as CFO on January 1, 2027.
- Q2 2026 net sales were $1.3 billion, up 5.4% year-over-year (5.8% on a constant currency basis).
- The company reported a Q2 2026 net loss of $(26.3) million, including a $94.6 million loss on debt extinguishment.
- Adjusted net income for Q2 2026 was $53.3 million, and adjusted EBITDA was $166.6 million.
- Full-year 2026 adjusted EBITDA guidance was narrowed to $670 million to $690 million, reflecting FX headwinds.
- Launched Bioniq GO personalized product in eleven EMEA markets and North America.
- Introduced two new products, Helio and Activate Energy, under its healthy lifespan brand, Life I/O.
Price Impact
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