Sales: $1.5 billion
Sales: $1.5 billion (estimated).
Key Personnel: Mary Young, co-founder and chief executive officer; Jared Turner, president and chief operating officer; Mathew French, chief legal and compliance officer; R. Michael Buch, PhD, chief science officer; Lauren Walker, chief supply chain officer; Lee Bowen, chief financial officer; Michael Green, chief information officer; Kelly Case, chief of staff; Wayne Moorehead, executive vice president, global sales and marketing; Irvin Bishop Jr., executive vice president, digital strategy.
Major Products: Essential oils, home care products, personal care products, OTC products and color cosmetics.
New Products: 2019 Winter Beauty Bag, Australian Ericifolia Essential Oil, Body Butter Collection, D. Gary Young Book w/Seed to Seal Story Collection, Fall Beauty Bag 2019, Insect Repellent Wipes, Makeup Remover Wipes, Mineral Sunscreen Lotion SPF 50. Royal Hawaiian Sandalwood Hydrosol, Silicon Cleansing Pad, Solid Brush Cleaner.
Comments: There’s money in oil. Plenty of it. Young Living lives by a quality commitment known as Seed to Seal, which means that the company will only sell 100% pure, natural, uncut oils that maintain their vital potency. This is how Young Living produces some of the best essential oils in the world and provides pure, powerful products infused with essential oils.
The company celebrates its silver anniversary this year. Since its founding, Young Living has shipped products to more than 200 countries, formulated 600-plus health and wellness products, offered the largest range of essential oil products on the market and employed nearly 4,000 global employees. In the next five years, the company plans to expand to at least 25 new global markets and achieve zero waste in all of its global facilities.
In January, the company announced that it had hired Wayne Moorehead as executive vice president of marketing. Prior to joining Young Living, Moorehead was CMO for a large, publicly traded natural supplement company, as well as CMO for an Inc 500 company, where he was instrumental in building a billion-dollar brand.
At the same time, Michael Green was promoted to the position of chief information officer. Green, who joined Young Living in 2017 as senior vice president of information technology, has more than 17 years of experience with start-ups, direct sales, and global consumer product companies.
Also in January, Young Living announced that its Vitality dietary essential oils line was Non-GMO Project Verified in the US and Canada. As such, the products will now bear the Non-GMO Project Verified seal after receiving comprehensive third-party verification.
“Consumers are increasingly concerned with what is in their food, and Young Living believes that transparency is key when providing consumable goods to the public,” said Jared Turner, president and CEO. “Young Living continues to make a great effort to offer our customers the highest quality of oil-infused products through our strict Seed to Seal process, and we proudly fulfill that promise with third-party validation of our Vitality dietary essential oils line under the industry’s best practices for GMO avoidance.”
In April, Young Living promoted Sarah Bjorgaard, who joined the company in 2018 as VP-beauty essentials, to general manager, US market. At the same time, Irvin Bishop Jr. was promoted to executive VP-digital and strategic planning.
“Irvin is a proven leader in our company. His leadership was instrumental in ensuring a smooth shopping experience during last year’s Black Friday record-breaking traffic,” explained Turner.
Young Living celebrated the opening of its global headquarters in Lehi, UT in May. Keeping with Young Living’s dedication to nature and its zero-waste goal, the building boasts more than 20 eco-friendly features, including roof solar panels, interior glass walls to maximize natural lighting, regionally sourced construction materials, vehicle-charging stations, and extensive recycling systems.