Herbalife says CEO to step down next year

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

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)