Former Monat President Stuart MacMillan Sues Company and Founders Over Unpaid Profit Share

Stuart MacMillan, the former president of Monat Global Corp., has sued the company and its founders, Rayner Urdaneta and Luis Urdaneta, in Miami-Dade County Circuit Court.

The complaint, filed April 24, 2024, says MacMillan was entitled to a 3 percent profit share through 2031 with a minimum of 1 million dollars a year, and that Monat failed to make a 500,000 dollar payment due March 31, 2024. It alleges he is owed between 8 million and 16 million dollars in total. The suit brings eleven counts.

The complaint also alleges the Urdanetas appropriated about 100 million dollars from the company. It says Monat's revenue topped 800 million dollars in 2020, with profit of more than 35 million dollars, before the company began losing money in 2022.

MacMillan resigned as president on July 31, 2023. Monat, based in Doral, Florida, sells hair care and skin care products through independent market partners.