Press release from PR Newswire
Nu Skin Enterprises Names New Management in North Asia, Japan and North America
Thursday, June 10, 2010
Nu Skin Enterprises Names New Management in North Asia, Japan and North America19:00 EDT Thursday, June 10, 2010PROVO, Utah, June 10 /PRNewswire-FirstCall/ -- Nu Skin Enterprises, Inc. (NYSE: NUS) today named Luke Yoo president of the company's North Asia region, which includes the company's businesses in Japan and South Korea. Yoo will fill the role formerly held by Brett Nelson who has accepted the position of president of Nu Skin North America. Ryan Napierski has been named as president of Nu Skin Japan, a role also formerly held by Brett Nelson.In addition to Yoo's new position as president of the North Asia region, he will continue in his role as president and general manager of the company's highly successful South Korea business. Since 2008, he has served as both vice president of the North Asia region and president of Nu Skin Korea. "Luke is a highly accomplished leader who has helped South Korea become one of Nu Skin's top markets," said Truman Hunt, Nu Skin president and chief executive officer. "He has led our Korea business to record levels during his tenure and has pioneered many of the company's most beneficial strategies, including the five-step product launch process that we implemented globally with the highly successful roll out of our new ageLOC products. We are delighted to have such a capable leader focusing more of his time and attention on the important Japan market." Yoo joined Nu Skin South Korea in 1999 and has served as president and general manager of Nu Skin's South Korea operations since 2003. A South Korean native, he received bachelor's degrees in both business management and computer science at Brigham Young University. He will relocate from Seoul to Tokyo in June. �"Brett is a direct selling veteran who has established a solid foundation for success in North Asia," said Hunt. Prior to his current appointment as president of North America, Nelson served as president of North Asia and president of Nu Skin Japan. He has also served as vice president of global distributor support, president of Southeast Asia, general manager of Canada and vice president of business support and sales. Ryan Napierski , a 15-year Nu Skin veteran, will now serve as president of Nu Skin Japan. In his new role, Napierski and his team will continue to focus on objectives, strategies and initiatives that are helping return the company's Japan business to growth."Indicative of our Nu Skin leadership pipeline, Ryan has already played a key role in Japan and is well positioned to immediately step into this role," said Hunt. "Ryan has repeatedly proven himself a capable leader, and I am confident that he will continue to successfully partner with our distributors in Japan as we build momentum in this key market."Prior to his new assignment, Napierski served as vice president of business development for the company's North Asia region and chief operating officer of Nu Skin Japan. Since joining Nu Skin in 1995, Napierski has served in several roles, including vice president of global business development for corporate distributor success where he was responsible for the global compensation plan, general manager for the United Kingdom, and vice president of European business development. Napierski has a bachelor's degree in business, a master's degree in business administration from Duke University and a master's degree in international business from Goethe Universitat in Germany.The CompanyNu Skin Enterprises, Inc. demonstrates its tradition of innovation through its comprehensive anti-aging product portfolio, independent business opportunity and corporate social responsibility initiatives. Nu Skin's scientific leadership in both skin care and nutrition has established Nu Skin as a premier anti-aging company, evidenced in its unique ageLOC? science that addresses aging at its source. The company's anti-aging products feature the new ageLOC family of skin care products including ageLOC Future Serum and the ageLOC Edition Galvanic Spa� System II, as well as Tru Face� Essence Ultra and LifePak� Nano. A global direct selling company, Nu Skin operates in 50 markets worldwide and has more than 765,000 independent sales representatives. Nu Skin is traded on the New York Stock Exchange under the symbol "NUS." More information is available at http://www.nuskin.com. Forward Looking StatementThis press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the company's results of operation and strategy. These forward-looking statements are based on current information and expectations, and are subject to risks and uncertainties discussed in company filings with the U.S. Securities and Exchange Commission, which could cause the company's actual results to differ materially from expected results. The company undertakes no obligation to publicly update any forward-looking statement contained in this press release, whether as a result of new information, future developments or otherwise, except as may be required by law.SOURCE Nu Skin Enterprises, Inc.For further information: Investors, Scott Pond, +1-801-345-2657, firstname.lastname@example.org, or Media, Kara Schneck, +1-801-345-2116, email@example.com, both of Nu Skin Enterprises, Inc.