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EXHIBIT 99.2
Herbalife Announces Appointment of Acting President and CEO LOS
ANGELES--(BUSINESS WIRE)--May 22, 2000--Herbalife International, Inc.
(Nasdaq:HERBA) (Nasdaq:HERBB) reported today that its board of directors has
appointed Christopher Pair as the acting president and chief executive officer
of the company. Mr. Pair, currently executive vice president, chief operating
officer and secretary, assumes the responsibilities of Mark Hughes, the
company's founder, president and chief executive officer, who, as reported
earlier today, died in his sleep Sunday, May 21, 2000.
Mr. Pair said, "We are all deeply saddened by Mark's death and are fully
committed to ensuring the future of his vision. I, together with the rest of our
senior management team, have been charged by the board of directors with
immediately implementing strategies that will further enhance our business
organization. We will continue to uphold Mark's guiding principle of loyalty to
Herbalife's distributors, customers, employees and shareholders worldwide. In
addition, we will be consulting with a team of top Herbalife distributors to
assist the senior management in moving the business forward."
The company noted that voting control of Mr. Hughes' shares is vested in three
trustees of Mr. Hughes' family trust, consisting of two senior officers of the
company, as well as Mr. Hughes' father. Consequently, the company indicated that
control will continue to be exercised by individuals close to Mr. Hughes, who
shared his vision of the Herbalife mission.
Herbalife International, Inc. markets nutritional, weight management and
personal care products in 48 countries worldwide. Herbalife products are
available only through a network of independent distributors who purchase the
products directly from the company.
