Global nutrition company Herbalife Ltd (NYSE:HLF) announced that Eric D. Rosen will join Herbalife’s growing global corporate affairs team as vice president of government relations and director of its Washington, D.C. office.
Rosen will oversee Herbalife’s D.C. operations and will report to Ric Hobby, who was recently appointed as head of Herbalife’s global government relations reporting toAlan Hoffman, executive vice president of the global corporate affairs team.
Rosen, who will be based out of Herbalife’s D.C. office, is a Capitol Hill veteran with experience in the Senate, House, and Executive Branch. For more than five years, he served as Judiciary Committee counsel to then Senator Joseph R. Biden, Jr. Rosen also served in the United States Attorney’s office in the Northern District of Californiawhere he prosecuted cases on behalf of the United States.
“As Herbalife continues to change people’s lives around the world through its nutritious products and inspire active lifestyles within communities, Eric’s significant experience will be invaluable towards advancing that mission,” said Ric Hobby, senior vice president, global government relations, Herbalife.
“I look forward to joining a global nutrition company like Herbalife that is dedicated to providing access to quality nutrition to people all over the world,” said Rosen. “Herbalife has changed the lives of millions of people through its innovative programs that inspire people to eat healthy and be active, and I am thrilled to join the Herbalife family.”
Rosen has a B.A. in international relations from the University of Pennsylvania and a J.D. from George Washington University Law School. (Original Source)
Shares of Herbalife Ltd closed last Friday at $53.75 . HLF has a 1-year high of $69.69 and a 1-year low of $27.60. The stock’s 50-day moving average is $51.71 and its 200-day moving average is $40.86.
On the ratings front, Herbalife Ltd has been the subject of a number of recent research reports. In a report issued on June 24, Pivotal Research analyst Timothy Ramey reiterated a Buy rating on HLF, with a price target of $90, which implies an upside of 67.4% from current levels. Separately, on May 6, Canaccord Genuity’s Scott Van Winkle reiterated a Buy rating on the stock and has a price target of $53.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Timothy Ramey and Scott Van Winkle have a total average return of 6.7% and 12.2% respectively. Ramey has a success rate of 62.0% and is ranked #1025 out of 3681 analysts, while Winkle has a success rate of 59.3% and is ranked #233.
Herbalife Ltd is a nutrition company. The Companyalong with its subsidiariessells weight management, targeted nutrition, energy, sports & fitness, and outer nutrition products.