Neways' Leadership Defined by CEO Announcement

Oct 18, 2010, 11:07 ET from Neways

SPRINGVILLE, Utah, Oct. 18 /PRNewswire/ -- After serving since April 2010 as interim CEO of Neways, Scott St. Clair has been appointed as the company's permanent CEO by the Neways board of directors.

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"Since acquiring Neways in 2006, Golden Gate Capital's objective has been to continue professionalizing the company's management team," said Golden Gate managing director Prescott Ashe, who serves as chairman of the board for Neways. "Scott is very much a part of that effort. Since he first joined Neways as chief financial officer in 2008, we've been impressed by his professionalism, his can-do attitude, and his desire to make a positive impact."

During St. Clair's time as CFO and interim CEO, Neways expanded into several new markets, including Hong Kong and Taiwan. Additionally, St. Clair has directed a refocus on the North America market, which he believes is one of Neways' highest-potential markets. St. Clair's belief that geographic expansion is a key to success for Neways has led to further expansion plans for Taiwan in 2011 and the opening of France in September.

"I really enjoy working with all our employees and distributors around the world," said St. Clair. "This is a fantastic company, and I know that greater success lies just around the corner as we all work together in support of the Neways cause."

According to vice president of sales and marketing Jennifer Wolbers, Neways employees and distributors worldwide already trust St. Clair's leadership. "We are extremely thrilled that he's now in this role permanently—it couldn't be a more perfect fit," Wolbers said. "The distributors appreciate his honesty and commitment. They know that if Scott says he's going to do something, he will do it. His integrity is incredible."

Prior to joining Neways, St. Clair was employed for over 10 years with the accounting firm PricewaterhouseCoopers, where he worked with many public companies, including several in network marketing and nutritional supplements. As CFO of the Phoenix Zoo, he played an integral role in the zoo's major financial turnaround. St. Clair earned his bachelor and master degrees in accounting at Brigham Young University.

About Neways

Neways produces safe and effective nutritional, personal care, and household products that are free of more than 3,000 questionable ingredients. About 400,000 active Neways distributors share the products in 28 countries, with nearly half of the company's annual revenues paid back to distributors as commissions.

SOURCE Neways



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