Herbalife says CEO to step down next year

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An Herbalife logo is shown on a poster at a clinic in the Mission District in San Francisco, California April 29, 2013.   REUTERS/Robert Galbraith/File Photo

An Herbalife logo is shown on a poster at a clinic in the Mission District in San Francisco, California April 29, 2013. REUTERS/Robert Galbraith/File Photo (Copyright Reuters 2016)

Herbalife Ltd said Chief Executive Michael Johnson will step down on June 1 and be replaced by Chief Operating Officer Richard Goudis.

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Johnson will take up the role of executive chairman, the company said on Tuesday. [nBwSrsDba]

(Reporting by Arunima Banerjee in Bengaluru; Editing by Saumyadeb Chakrabarty)