Wellness

Mannatech's Founder Sam Caster Resigns as CEO, Remains as Chairman

Published in Lab Law Weekly, September 7th, 2007

Mannatech, Inc. (Nasdaq:MTEX) announced that Samuel L. Caster has resigned as Chief Executive Officer of the company, effective immediately. Mr. Caster will now serve as non-executive Chairman of the Board. His changing role at Mannatech will allow him to step back from operating responsibilities to focus his efforts on working with field sales leaders to transition to Mannatech's new global wellness sales program.

Mannatech's Board of Directors has appointed President and Chief Operating Officer Terry L. Persinger as interim President & CEO, while conducting a formal search for a permanent replacement. Mr. Persinger intends to retire from Mannatech in June 2008, as...

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Source: Lab Law Weekly (2007-09-07)

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