Neways International Announces CEO Change
"I look forward to advising the Board and the new CEO as we pursue substantial growth through millions of more Healthy Homes," said Mr. St. Clair. "Over the last few years, we have successfully stabilized the business and are now experiencing growth in several key markets. Over the next twelve months and beyond we will open new markets, introduce several new products, and add substantial resources for our distributors. With the Board and my direction, a world class CEO with substantial experience in leading global growth will help distributors and market management harness this momentum and take the company to a level it deserves."
James Zenni, President & CEO, Z Capital Partners, L.L.C added - "Neways' Board of Directors fully supports Scott's vision and appreciates his commitment to continue as Executive Chairman. Scott's continued guidance to the Board and the new CEO will be key to successfully navigating a renewed path of growth and opportunity."
Mark Gudis, Managing Director, S.A.C. Capital Advisors, L.P., added - "The Neways Board of Directors has been deeply focused on working with Scott and the company's management to develop a strategic plan designed to take the company to the next level by delivering on its three goals of becoming an industry leader, creating 10 million Healthy Homes, and being a compliance leader. The Board is exited for Scott to provide his continued insights as we move forward with a committed and enthusiastic distributor base which will drive the momentum and growth. The Neways mission has certainly resonated with hundreds of thousands of people in many parts of the world - we believe we are only at the beginning of another exciting phase for Neways."
Mr. St. Clair said that his new role will allow him to spend less time on day-to-day management and therefore be able to focus more on global strategy. He will continue to attend major global events before and after the new CEO is hired.
With over 200 innovative products sold in 29 countries worldwide, and with the commitment and efforts of the loyal distributor base, Neways has grown from humble beginnings, twenty-five years ago, into a global leader in dietary supplements and personal care products.
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