PEOPLE ON THE MOVE – March
Ryan Napierski, Nu Skin
Nu Skin Enterprises has named Ryan Napierski as president and CEO. Napierski, who currently serves as the company’s president, will succeed Ritch Wood upon his retirement Sept. 1. Napierski also will presumably replace Wood on the board of directors later this year. Napierski has spent his 25-year career with Nu Skin.
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Digital fitness and nutrition direct seller The Beachbody Co. Group plans to merge with special purpose acquisition company (SPAC) Forest Road Acquisition Corp. Completing the three-way deal, Beachbody will pick up Myx Fitness, a connected-cycling provider, after Myx merges with Forest Road. Founded in 2016, Myx is a competitor of Peloton and sells its bikes for $1,499 per unit, marketing “science-driven, highly personalized heart rate-based training.” Beachbody will be the parent company and will go public under the NYSE symbol “BODY.” Carl Daikeler, Beachbody’s co-founder and CEO, will lead the new venture with co-founder Jon Congdon. Forest Road’s strategic advisor and former TikTok CEO Kevin Mayer will join the board. The combined companies will have a value of $2.9 billion.
USANA Health Sciences Inc. Board of Directors has formed a Sustainability Committee that will oversee all actions related to corporate sustainability, including environmental, social, and governance (ESG). The committee will also advise on corporate social responsibility matters (CSR). Peggie Pelosi, chair of the new committee, said in a press release, “Guided by our vision, purpose and values, we recognize the responsibility we have to all of our stakeholders, and the opportunity we have to be part of the global sustainability solution.” The Salt Lake City-based company manufactures and markets nutritional supplements and skincare products.
Health and wellness direct selling company Elevacity is rebranding to The Happy Co., CEO Bo Short announced. As a part of its global expansion, the company is adopting a new logo and will redesign its online platforms along with its business and consumer websites. Elevacity was founded in 2017 by Robert Oblon.