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Herbalife Ltd (HLF) has issued an update.
Herbalife Ltd. is undertaking a major internal restructuring in 2024 to enhance leadership efficiency and productivity, expecting to incur $60 million in pre-tax expenses, mainly for severance costs. Coinciding with this, the company has seen a change in executive roles, with John DeSimone stepping in as the new Chief Financial Officer, bringing extensive company experience to the position. Additionally, Herbalife has released guidance for its financial performance in the first quarter and the full year of 2024, alongside the announcement of these significant organizational changes.
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