Mannatech Inc., the global leader in glyconutritional supplements and skin care products, has tapped retail industry veteran Wayne L. Badovinus as chief executive officer and president.
Beginning June 16, Badovinus will replace Terry Persinger, who was serving as interim CEO. Mannatech founder and Chairman Sam Caster resigned as CEO in August 2007.
Persinger will stay on Mannatech as an employee reporting to the board on projects assigned over the next three years, the Coppell-based company said.
Badovinus has 43 years of experience in consumer brands and has held senior management positions with a number of retail and catalog companies, according to Mannatech. He was president and CEO of Eddie Bauer from 1987 to 1992 and Acme Boot Co. from 1994 to 1997. He also was CEO of furniture retailer Design Within Reach from 2000 to 2005, growing it to a $150 million company in five years and overseeing the company's public stock offering in June 2004. In addition, Badovinus was chief operating officer for Williams-Sonoma in 1986 and 1987. Most recently, Badovinus was senior operating partner for JH Partners, a private equity firm.
"Wayne has proven experience leading and managing consumer companies through dynamic growth," J. Stanley Fredrick, lead director of Mannatech's board, said in a statement. "His track record with high-end brands like Eddie Bauer illustrates his potential to grow market share for Mannatech. Under Wayne's leadership we will enhance our domestic presence and continue expansion efforts in global markets."
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