Nu Skin President and CEO Truman Hunt was honored as a CEO of the Year by Utah Business magazine. The Utah Business award recognizes leadership, as well as measurable indicators of company growth and how CEOs overcome adversity or unique situations. The magazine features Hunt in its March 2012 issue.
“Truman is highly deserving of this recognition — his strategic vision and commitment to continual innovation has helped drive expansion of scientific and product breakthroughs that have resulted in greater financial opportunities for people around the world,” said Blake Roney, Nu Skin co-founder and chairman. “Since Truman became CEO, he has led the company to substantial growth, nearly doubling Nu Skin’s revenue in nine years and increasing the company’s market cap by more than four times. He is a great champion for our global Nu Skin family, tirelessly working to provide a vibrant business opportunity around the world.”
Recently under Hunt’s direction, Nu Skin has achieved the following milestones:
· Record revenue of $1.74 billion in 2011, a 13 percent increase over the prior year
· All-time high stock price helping Nu Skin become Utah’s top performing stock in 2011 according to the Salt Lake Tribune.
· ageLOC®, Nu Skin’s super-class of anti-aging products, has generated over $1 billion in sales over the past three years.
· Groundbreaking of a new $90 million Innovation Center at its corporate headquarters in Provo that will feature new anti-aging scientific laboratories, a network operations center, modern meeting spaces and an environmentally friendly design.
Utah Business Magazine will honor Hunt at a luncheon in Salt Lake City at the Grand America Hotel on March 29.
About the Award
Every year Utah Business magazine highlights CEOs of the Year that demonstrate exceptional success and the ability to lead companies during challenging times. The publication honors CEOs from a variety of industries and from both public and private companies. Past companies recognized include Overstock.com, Merit Medical Systems, SelectHealth and Associated Foods Stores.
About Nu Skin Enterprises, Inc.
Nu Skin Enterprises, Inc. demonstrates its tradition of innovation through its comprehensive anti-aging product portfolio, independent business opportunity and corporate social responsibility initiatives. The company’s scientific leadership in both skin care and nutrition has established Nu Skin as a premier anti-aging company, evidenced in its unique ageLOC® science that addresses aging at its source. The company’s anti-aging products feature the new ageLOC suite of products including the ageLOC R2 nutritional supplement, ageLOC Galvanic Spa System and ageLOC Galvanic Body Spa™, as well as the ageLOC® Transformation daily skin care system. A global direct selling company, Nu Skin operates in 52 markets worldwide and has more than 855,000 independent distributors. Nu Skin is traded on the New York Stock Exchange.
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