Published June 1, 2017 9:12am EDT | Updated June 1, 2017 10:07am EDT

Herbalife Appoints Richard Goudis CEO, Succeeding Michael Johnson

Herbalife Ltd. has named Richard Goudis chief executive, succeeding Michael Johnson, who will become executive chairman of the company. Goudis has been a part of the Herbalife management team for 13 years, serving as chief operating officer since 2010. Herbalife shares are up more than 49% for the year so far while the S&P 500 index is up 7.7% for the period.