Youngevity International Inc (NASDAQ: YGYI) is likely to have a strong day in the market today after announcing that it has appointed a new member of the management team. This comes after a slurry of news on the stock and shortly following the company’s listing on the NASDAQ.
YGYI Welcomes Luke Taffuri To The Management Team
As mentioned above, Youngevity International is likely to have a strong day in the market after announcing the appointment of Luke Taffuri to its management team. Taffuri has been appointed as the VP of International Sales and Operations. With him. Mr. Taffuri brings more than 22 years of direct selling experience in various positions. One of those positions was the Chief Operating Officer at Sorvana International, a company that YGYI recently acquired.
This is an important piece of news. After all, YGYI has been building the list of countries in which it operates. This combined with recent acquisitions that have increased geographic expansion, the need for a management position in the international sales and operations space has grown. Today, YGYI is operating in eight Asian Markets while growing its presence in Latin America and Eastern Europe. In a statement, Steve Wallach, Chairman and CEO at Youngevity, had the following to offer…
“Our entire management team is very excited to announce the creation of the VP of International Sales and Operations role, and believe we found the perfect candidate in Luke Taffuri. As we continue to transition into a global company, we believe Luke’s experiences and industry relationships should optimize the international growth potential that exist in Youngevity today.”
The above statement was followed up by Mr. Taffuri, who had the following to offer…
“I am impressed with what Youngevity has in place for their current international markets from an operational, technological, and product offering standpoint. I am most impressed, however, with the quality of the people and the culture that has been built throughout the organization. They have a great foundation illustrated by their 20 year history which I believe will lead to more efficient and productive transitions in the international marketplace. Initially I will focus on driving revenue growth across the global platform. As markets begin to scale I will set my sites on operational efficiencies and profitability.”
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on YGYI. In particular, we’ll be watching to see how Mr. Taffuri expands revenue and profitability on the global scale. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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