Mannatech CFO David Johnson Resigns; President Landen Fredrick to Serve as Interim CFO
Mannatech, Incorporated disclosed in a Form 8-K filed January 12, 2024 that Chief Financial Officer David A. Johnson notified the company and its board on January 8 that he would resign effective January 22, 2024.
Landen Fredrick, Mannatech's president and chief operating officer, will also serve as chief financial officer until a permanent replacement is hired. No changes were made to his compensation.
Fredrick, 51, has been president and chief operating officer since June 2023 and joined Mannatech in 2006. He previously served as chief sales and marketing officer, global chief sales officer and president of North America, and sat on the board of the Direct Selling Association from 2015 to 2018. He is the son of J. Stanley Fredrick, Mannatech's chairman and a major shareholder.
The filing also noted that Mannatech donated about 0.5 million dollars in 2023 to the M5M Foundation, a children's charity Fredrick chairs. Mannatech sells nutritional supplements and wellness products through independent associates.
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