Herbalife Ltd. (NYSE: HLF), a leading health and wellness company, has announced a planned leadership change. Stephan Gratziani will step down as Chief Executive Officer effective October 31, 2026. The move marks a structured transition as the company enters its next phase of growth.
After the transition, Gratziani will support Herbalife as a consultant focused on strategy and business development. He will also return his primary attention to his independent distributorship, which includes nearly 700,000 distributors and preferred members. Gratziani joined Herbalife as Chief Strategy Officer in August 2023 during a challenging post-pandemic period marked by 12 consecutive quarters of decline. As a strategic thinker from the field, he helped create a clear vision that stabilized the business and returned the company to growth.
The Board of Directors has formed a committee to oversee the search for a permanent successor. John DeSimone, the company’s Chief Financial Officer, will serve as Interim Chief Executive Officer starting November 1, 2026. DeSimone has worked at Herbalife for nearly 20 years in roles including President, Chief Strategy Officer, and Special Advisor to the CEO. His deep institutional knowledge will help maintain steady execution of the company’s strategy during the transition.
Gratziani stated that Herbalife now has a clear strategy and stronger focus on distributors and the markets they serve. With growth restored and a solid foundation in place, he believes it is the right time for the company to emphasize execution and operations across its global business. He remains committed to Herbalife and looks forward to supporting the company while spending more time with his family. Executive Chairman Michael O. Johnson expressed gratitude for Gratziani’s vision, energy, and contributions. He noted that the company will continue advancing the strategy Gratziani helped establish, with greater focus on operating performance.
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