07.01.21
Provo, UT
www.nuskin.com
Sales: $1.5 billion for cosmetics and personal care products Corporate sales: $2.5 billion
Key Personnel
Ritch Wood, chief executive officer; Ryan Napierski, president; Mark Lawrence, chief financial officer; Joseph Y. Chang PhD, chief scientific officer and executive vice president, product development; D. Matthew Dorny, vice president, general counsel and secretary
Major Products
AgeLoc and Epoch skin care
New Products
AgeLoc Boost beauty device, Nutricentials Bioadaptive Skin Care.
Comments: Corporate sales rose 7% last year, driven by a 47% surge in sales in the Americas/Pacific region as well as a 38% increase in Europe, Middle East and Africa. Personal care sales rose nearly 5% driven by demand for skin care devices.
First quarter 2021 sales soared 31% to a record $677 million. According to CEO Ritch Wood, Nu Skin’s innovative beauty and wellness product initiatives powered by the social commerce business model led to 34% growth in the customer base over the prior year and a 22% increase in global sales leaders.
“We were recognized again by Euromonitor as the world’s number one beauty device systems brand,” added Wood. “We continue to improve our geographic balance, driven by ongoing strong performance in the West, providing a more diversified and sustainable growth profile. Our manufacturing segment also achieved record results with 69% year-over-year revenue growth.”
On September 1, Ryan Napierski will succeed Wood as president and CEO. Wood will remain as an executive advisor through early 2022. Under Wood’s leadership Nu Skin increased its emphasis on being a customer-focused organization; expanded its product innovation, particularly in beauty devices; and transitioned to a digitally enabled social commerce model. He introduced a greater emphasis on sustainability, including reducing the company’s carbon footprint and incorporating environmentally friendly packaging into its products. He also led the company’s efforts to build a more integrated and innovative supply chain through the acquisition of several manufacturing companies.
Napierski has been with Nu Skin for 25 years. He currently serves as president. Prior to that, he served as president of global sales and operations and lived abroad while serving as president of Nu Skin Japan and of Nu Skin’s North Asia region and leading and executing Nu Skin’s strategy in EMEA. Napierski has a bachelor’s degree in business, an MBA from Duke University and a master’s degree in international business from Goethe Universitat in Germany.
In other news, Nu Skin debuted a line of clean beauty products in with the launch of Nutricentials Bioadaptive Skin Care. Products are made with bioadaptive extracts from plants that thrive in extreme climates to help skin bounce back from daily life stressors, according to Nu Skin.
www.nuskin.com
Sales: $1.5 billion for cosmetics and personal care products Corporate sales: $2.5 billion
Key Personnel
Ritch Wood, chief executive officer; Ryan Napierski, president; Mark Lawrence, chief financial officer; Joseph Y. Chang PhD, chief scientific officer and executive vice president, product development; D. Matthew Dorny, vice president, general counsel and secretary
Major Products
AgeLoc and Epoch skin care
New Products
AgeLoc Boost beauty device, Nutricentials Bioadaptive Skin Care.
Comments: Corporate sales rose 7% last year, driven by a 47% surge in sales in the Americas/Pacific region as well as a 38% increase in Europe, Middle East and Africa. Personal care sales rose nearly 5% driven by demand for skin care devices.
First quarter 2021 sales soared 31% to a record $677 million. According to CEO Ritch Wood, Nu Skin’s innovative beauty and wellness product initiatives powered by the social commerce business model led to 34% growth in the customer base over the prior year and a 22% increase in global sales leaders.
“We were recognized again by Euromonitor as the world’s number one beauty device systems brand,” added Wood. “We continue to improve our geographic balance, driven by ongoing strong performance in the West, providing a more diversified and sustainable growth profile. Our manufacturing segment also achieved record results with 69% year-over-year revenue growth.”
On September 1, Ryan Napierski will succeed Wood as president and CEO. Wood will remain as an executive advisor through early 2022. Under Wood’s leadership Nu Skin increased its emphasis on being a customer-focused organization; expanded its product innovation, particularly in beauty devices; and transitioned to a digitally enabled social commerce model. He introduced a greater emphasis on sustainability, including reducing the company’s carbon footprint and incorporating environmentally friendly packaging into its products. He also led the company’s efforts to build a more integrated and innovative supply chain through the acquisition of several manufacturing companies.
Napierski has been with Nu Skin for 25 years. He currently serves as president. Prior to that, he served as president of global sales and operations and lived abroad while serving as president of Nu Skin Japan and of Nu Skin’s North Asia region and leading and executing Nu Skin’s strategy in EMEA. Napierski has a bachelor’s degree in business, an MBA from Duke University and a master’s degree in international business from Goethe Universitat in Germany.
In other news, Nu Skin debuted a line of clean beauty products in with the launch of Nutricentials Bioadaptive Skin Care. Products are made with bioadaptive extracts from plants that thrive in extreme climates to help skin bounce back from daily life stressors, according to Nu Skin.