Herbalife International
December 22, 2022
Herbalife Nutrition entered into an employment agreement naming Michael O. Johnson chief executive officer, removing the interim title, for a term running through December 31, 2023. Johnson returned as chairman and interim CEO in October after Dr. John Agwunobi stepped down.
Under the agreement Johnson will receive a base salary of 1 dollar, a target annual bonus of 1.2 million dollars with a maximum of 2.4 million dollars payable in shares, a 10 million dollar equity award split equally between restricted stock units and stock appreciation rights, and a 250,000 dollar signing bonus.