Someone shot me a message on Twitter today asking me to look into Herbalife Director Richard Bermingham. Bermingham replaced former Audit Committee Chair Leroy Barnes when he resigned in 2014.
Global nutrition company, Herbalife Ltd. (NYSE: HLF) announced today that, on February 17, 2015, after the company completes its audit and files its annual report on Form 10-K with the SEC, board of directors member, Leroy Barnes, will be retiring from the board. Barnes will have served on the board for more than a decade. The company further announced that, as part of the transition, fellow board member, Richard Bermingham, will assume Barnes’ position as chair of the Audit Committee, effective November 4, 2014.
Bermingham is no longer listed on Herbalife’s website, where he once was earlier this year.
In addition, on another part of the website that lists the committees of the Board and Corporate Governance, Bermingham and a Chair of the Audit Committee are both conspicuously absent.
So what has become of Richard Bermingham? Administrative error on the website? Has he resigned, quit or passed away? Hopefully we’ll hear from the company on this soon.