Herbalife Ltd. (NYSE:HLF) announced that Tyrone D. Bland has joined Herbalife’s global corporate affairs team as vice president of state and local government relations.
In his new role, Bland will strategically and tactically manage Herbalife’s state and local government affairs operation while developing new and enhancing existing relationships with state and local government officials and community leaders.
Bland, who is based out of Herbalife’s LA Live office, will work with state and local governments to ensure they are aware of the positive impact Herbalife and its members are having in communities across the country. He will also collaborate with state and local governments so that they understand how some residents in their communities are benefitting from the supplemental income provided by Herbalife’s business opportunity.
Bland will report to Eric Rosen, who was recently appointed as vice president of U.S. government relations for Herbalife and head of its Washington, D.C. office.
“As Herbalife continues its mission of providing access to good nutrition and a healthy active lifestyle to communities across the globe, we welcome Bland to Herbalife and look forward to his contributions to our mission,” said Rosen, vice president of U.S. government relations, Herbalife.
Bland recently served as the managing partner at Porter Tellus, LLC, where his focus areas included: land use and urban planning, tax, trade, transportation, utilities and business development. For nearly a decade Bland provided strategic legislative and regulatory counsel to major corporations, non-profit organizations, labor unions and a wide range of trade associations.
“I am delighted to join a global nutrition company so focused on positively impacting the communities it serves through access to quality nutrition and a healthy active lifestyle,” said Bland. “Herbalife has inspired people all over the world to eat healthy through its high quality products and programs, and I look forward to advancing Herbalife’s mission.”
Bland is a Los Angeles native and attended UCLA and UC Berkeley. (Original Source)
Shares of Herbalife closed yesterday at $46.05. HLF has a 1-year high of $61.95 and a 1-year low of $30.02. The stock’s 50-day moving average is $52.01 and its 200-day moving average is $54.60.
On the ratings front, Herbalife has been the subject of a number of recent research reports. In a report issued on November 4, Pivotal Research analyst Timothy Ramey maintained a Buy rating on HLF, with a price target of $85, which represents a potential upside of 84.6% from where the stock is currently trading. Separately, on the same day, Canaccord Genuity’s Scott Van Winkle maintained a Buy rating on the stock and has a price target of $61.
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 2.7% and -2.9% respectively. Ramey has a success rate of 56.4% and is ranked #923 out of 3607 analysts, while Winkle has a success rate of 39.0% and is ranked #3073.
Herbalife Ltd is a nutrition company. The Company along with its subsidiaries sells weight management, targeted nutrition, energy, sports & fitness, and outer nutrition products.