Nature’s Sunshine Appoints Katie A. May to Board of Directors
Rhea-AI Summary
Nature's Sunshine Products (NASDAQ: NATR) has appointed Katie A. May to its board of directors effective January 30, 2025, expanding the board to ten directors with nine serving as independent directors. May brings extensive experience in scaling B2C, ecommerce, and logistics companies.
May's background includes founding Kidspot (sold to News Corp in 2011) and serving as CEO of ShippingEasy, which she successfully led to acquisition by Stamps.com in 2016. She currently serves on the boards of Vivi International, ROKT, and Onramp Funds, and previously held board positions at Stamps.com, Thinkific Labs, and Pitney Bowes.
The appointment aims to strengthen Nature's Sunshine's digital capabilities and drive shareholder value through May's expertise in ecommerce operations and strategic growth.
Positive
- Addition of experienced ecommerce and B2C executive to board
- Strengthening of digital capabilities through strategic appointment
- Expansion of board independence with 9 out of 10 directors being independent
Negative
- None.
News Market Reaction
On the day this news was published, NATR declined 0.95%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
LEHI, Utah, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Nature's Sunshine Products, Inc. (Nature's Sunshine) (NASDAQ: NATR), a leading manufacturer of high-quality herbal and nutritional supplements, today announced the appointment of Ms. Katie A. May to its board of directors effective January 30, 2025. Nature's Sunshine's board will now consist of ten directors with nine serving as independent directors.
"Katie brings significant experience scaling and leading high-growth B2C, ecommerce and logistics companies," said Richard D. Moss, Chairman of the Board of Nature's Sunshine. "Her deep understanding of the full ecommerce lifecycle will strengthen and enhance our digital capabilities and drive shareholder value."
Ms. May was previously the founder and Chief Executive Officer of Kidspot, an Australia based online publisher, eventually selling to News Corp in 2011. Katie became Chief Executive Officer at ShippingEasy, a Sydney based start-up in 2012, moved it to Austin, Texas, and built this ecommerce software solution to a leading player in the space, exiting to Stamps.com in mid-2016, joining their board in 2019. Following Stamps.com's acquisition of ShippingEasy, Katie also assumed leadership of St. Louis-based Shipworks, overseeing both companies until her retirement in 2020. Ms. May serves on the boards of directors of Vivi International Pty Ltd., Australian education technology company, since February 2020, ROKT Pte Ltd., a global leader in ecommerce marketing technology, since July 2020, and Onramp Funds, Inc., a financing technology platform, since March 2021. Ms. May previously served on the board of directors of Stamps.com, Inc. (formerly NASDAQ: STMP), a leading provider of mailing and shipping services, Thinkific Labs, Inc. (TSX: THNC), a cloud-based software company for creators, and Pitney Bowes Inc. (NYSE:PBI), a global shipping and mailing company. Ms. May received an M.B.A. from The University of Texas at Austin and B.B.A. in Accounting from The University of Texas at Austin.
About Nature's Sunshine
Nature’s Sunshine Products (Nasdaq: NATR), a leading natural health and wellness company, markets and distributes nutritional and personal care products in more than 40 countries. Nature’s Sunshine manufactures most of its products through its own state-of-the-art facilities to ensure its products continue to set the standard for the highest quality, safety, and efficacy on the market today. Additional information about the Company can be obtained at its website, www.naturessunshine.com.
Investor Relations
Gateway Group
Cody Slach
1-949-574-3860
NATR@gateway-grp.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/49c4065d-2ac6-4da6-8d22-fd0292cca275
FAQ
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