USANA Shakes Up Management Ranks

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

On Friday, USANA Health Sciences (NYSE: USNA ) announced a series of management changes. Chief Financial Officer Doug Hekking is stepping down from the CFO's post to resume an unspecified "strategic role that will support the Company's finance and operations groups." USANA's current Vice President of Human Resources, Paul Jones, a seven-year veteran of USANA, has been promoted to the CFO position on an interim basis.

The company's Chief Operating Officer, Roy Truett, has resigned, and assuming his responsibilities is Chief Production Officer Jim Brown, who will "report directly to the CEO," but not inherit Mr. Truett's COO title.

USANA announced that it has named a Chief Information Officer, Rick Stambaugh, a former Director of Corporate Marketing at Herbalife (NYSE: HLF ) . The company also promoted Executive Director of U.S. Field Development Lori Truman to the position of Vice President of U.S. Field Development.

Shares reacted negatively to the news, closing down 8.2%, at $38.42.

More Expert Advice from The Motley Fool

The Motley Fool's chief investment officer has selected his No. 1 stock for the next year. Find out which stock in our brand-new free report: "The Motley Fool's Top Stock for 2013." I invite you to take a copy, free for a limited time. Just click here to access the report and find out the name of this under-the-radar company.

Jeff Fischer and team have demystified options. And they can rack up income like $1,030... $2,626... and $3,228 on a schedule you can set your watch by!
That's why we're glad to announce every single one of their closely guarded strategies is available to YOU during May and June – 100% FREE, no strings attached! Just enter your email address in the box below...

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.