24 July 2008

Myron Wentz retires as Usana CEO

Salt Lake Tribune
Just a week after leading a failed bid to take Usana Health Sciences Inc. private, Myron Wentz has stepped down as CEO of the West Valley City marketer of nutritional supplements and personal care products.
Wentz will be replaced by his 37-year-old son, David, according to a news release Wednesday that also announced other management changes. Myron Wentz, the founder of the company, will remain as chairman of the board.
Usana spokesman Joe Poulos said Wentz was retiring as CEO on his own accord with no pressure from the board.
Timothy Ramey, an analyst with D.A. Davidson & Co., said it appeared the change just confirmed that as president, David Wentz was responsible for day-to-day management.



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