Charles Sternberg, Assistant Editor02.11.21
Ryan Napierski, president of Nu Skin Enterprises Inc. has been selected by the Nu Skin Board of Directors to become the company's next president and chief executive officer.
Napierski will succeed Nu Skin CEO Ritch Wood, who has decided to retire as CEO effective Sept. 1, 2021, after a 30-year career with the company. Wood will continue as an executive advisor through early 2022, and it is anticipated that Napierski will assume Wood's position on the Board at the 2021 stockholder meeting in June.
About Wood
Wood, who served as Nu Skin's chief financial officer for 14 years before becoming CEO in 2017, has been a key leader at Nu Skin. Under his leadership and vision as CEO, Nu Skin has 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.
"Ritch has exemplified our mission and vision every day for more than 30 years and is a force for good in every way. We are equally confident in Ryan and his ability to continue to lead Nu Skin to a bright and successful future. Together, Ritch and Ryan have built a strategy and vision that I believe will successfully drive Nu Skin forward for years to come," said Steven J. Lund, executive chairman of the board.
About Napierski
Napierski, who has been with Nu Skin for 25 years, has served as Nu Skin's president for the past four years. 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.
Napierski added, "I am honored to be given the opportunity to serve as Nu Skin's next CEO and appreciate the confidence of the Board and Ritch. Nu Skin is family to me, and I am fortunate to work alongside an incredible, global team of employees and sales leaders to fulfill our mission of empowering people to improve lives."
Napierski will succeed Nu Skin CEO Ritch Wood, who has decided to retire as CEO effective Sept. 1, 2021, after a 30-year career with the company. Wood will continue as an executive advisor through early 2022, and it is anticipated that Napierski will assume Wood's position on the Board at the 2021 stockholder meeting in June.
About Wood
Wood, who served as Nu Skin's chief financial officer for 14 years before becoming CEO in 2017, has been a key leader at Nu Skin. Under his leadership and vision as CEO, Nu Skin has 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.
"Ritch has exemplified our mission and vision every day for more than 30 years and is a force for good in every way. We are equally confident in Ryan and his ability to continue to lead Nu Skin to a bright and successful future. Together, Ritch and Ryan have built a strategy and vision that I believe will successfully drive Nu Skin forward for years to come," said Steven J. Lund, executive chairman of the board.
About Napierski
Napierski, who has been with Nu Skin for 25 years, has served as Nu Skin's president for the past four years. 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.
Napierski added, "I am honored to be given the opportunity to serve as Nu Skin's next CEO and appreciate the confidence of the Board and Ritch. Nu Skin is family to me, and I am fortunate to work alongside an incredible, global team of employees and sales leaders to fulfill our mission of empowering people to improve lives."
