We empower innovative companies to change the world with sustainable solutions, opportunities, technologies, and life-improving values.
Our intent is to unlock the potential of disruptive companies with the world’s leading business platform.
Our NSE family of companies
We’ve invested in our business and technology. In the process, we have acquired partner companies to accelerate our ability to quickly, efficiently and responsibly bring innovative products and solutions to market.
Our leadership team
Building collective success and strong financial results
Chief Executive Officer
B.S. from Brigham Young University
Master of Accountancy from Brigham Young University
Named as 2010 CFO of the Year by Utah Business magazine
Ritch Wood was appointed Nu Skin’s chief executive officer in 2017. Previously, Ritch served in various capacities at Nu Skin including chief financial officer from 2003 to 2017, vice president of finance, vice president of new market development, director of finance of new market development and controller of the Pharmanex division. He also played a key role in opening many European countries for Nu Skin during an expatriate assignment from 1995 to 1997. Prior to his assignment in Europe, he served as the assistant director of international tax.
Ritch worked for the international accounting firm of Grant Thornton prior to joining Nu Skin in 1993. He earned a Bachelor of Science and Master of Accountancy, taxation emphasis, from Brigham Young University and in 2010 was named a CFO of the Year by Utah Business magazine.
Beyond Nu Skin, Ritch loves to spend time with his family and go running. As a huge sports fan, he loves to watch his favorite BYU and Utah Jazz sports teams play.
Chief Financial Officer, Executive Vice President
B.S. from Brigham Young University
MBA from University of California, Davis
Mark Lawrence was appointed Nu Skin’s chief financial officer in March 2017. Mark brings 20 years of operational and financial experience to the role. He recently served as the head of finance for Amazon-Lab126, where he was responsible for the company’s global finance functions and played a key role in the launch of several Amazon devices. In addition, he has held senior financial leadership roles at Silicon Valley-based companies Polycom and Brocade as well as Utah-based Vivint Smart Home.
Mark holds a bachelor’s degree from Brigham Young University and a Master of Business Administration from the University of California, Davis. In his free time, he enjoys anything BYU, playing golf, and spending time with his family.
Executive Vice President, General Counsel and Secretary
B.A., M.B.A. and J.D. from University of Utah
D. Matthew Dorny was appointed vice president and general counsel for Nu Skin in 2003. From 1998 to 2003, Matt served as the Assistant General Counsel for Nu Skin Enterprises. Prior to joining Nu Skin, Matt was a securities and business attorney in private practice.
Matt received a B.A., M.B.A. and J.D. degree from the University of Utah.
Joseph Y. Chang, Ph.D.
Chief Scientific Officer, Executive Vice President of Product Development
B.S. from Portsmouth University
Ph.D., pharmacology, University of London
Post-doctoral research at The Johns Hopkins University School of Public Hygiene, 1981
Arthritis Foundation fellow at The John Hopkins University School of Public Health, 1978-1981
Member of Inflammation Research Association, 1985-1987
Joseph Y. Chang, Ph.D., was appointed chief scientific officer and executive vice president of product development in 2006. A prolific author, Dr. Chang has published numerous articles, reviews and books on pharmacological research, including the New York Times best seller, The Aging Myth. With over 35 years of experience in the pharmaceutical and dietary supplement industries, Dr. Chang enjoys a comprehensive knowledge of both of these industries and serves as a member of the Executive Committee for Nu Skin Enterprises. Prior to the acquisition of Pharmanex by Nu Skin Enterprises in 1998, he served as the vice president of clinical studies and pharmacology at Pharmanex.
Prior to Pharmanex, Dr. Chang served as president and chief scientific officer of Osteoarthritis Sciences, Inc. from 1991 to 1994 and Binary Therapeutics, Inc. from 1994 to 1997. He has also held various research management positions at Wyeth-Ayerst, Rhone Poulenc Rorer and other biotechnology companies, where he was involved in researching natural products for arthritis and immunosuppressive treatment. He received a B.S. degree from Portsmouth University and a Ph.D. from the University of London.
Joe loves to go fishing with his family, even if his wife always catches a bigger fish than him. He’s also a huge fan of the New England Patriots!
Senior Vice President, Public Affairs
B.A in communication from Brigham Young University
Ruth Todd was appointed as senior vice president of public affairs and a member of Nu Skin’s global management committee in 2017. She oversees the company’s sustainability, social responsibility, community, and corporate communications initiatives.
Before joining the Nu Skin team, Ruth worked as a spokeswoman for The Church of Jesus Christ of Latter-day Saints from 2010 to 2013. Prior to that, Ruth was an award-wining television news anchor for KSL-TV. Throughout her 25-year career in the news industry, she anchored for NBC, CBS and ABC affiliates across the country in Washington, D.C., Phoenix and Salt Lake City.
Ruth is active in her community having worked with multiple charity organizations including the United Way, Utah Youth Village, the Muscular Dystrophy Association and the American Cancer Society. She recently served as the 2016 Executive Chair of the Light the Night Walk for the Leukemia Lymphoma Society. Additionally, she was the Salt Lake Spokesperson for KSL’s “Family Now” initiative.
Ruth currently serves on several community service boards including the Wells Fargo Women in Banking board, The Wheatley Institution Ethics in Business board and the BYU Alumni executive board. She is also a volunteer host for the Mormon Tabernacle Choir. Ruth graduated from Brigham Young University with a degree in communications, and is currently pursuing her MBA from Brigham Young University.
When she’s not working, Ruth enjoys visiting new places with her family and learning new things. A native Arizonan, Ruth loves the sunshine and being outdoors. She’s an avid sports fan, music enthusiast, loves to read, and is inspired every day by the wonders of nature.
Senior Vice President, Global Manufacturing
Utah Business Magazine's Top 40 Under 40 in 2008
Steve Hatchett was appointed senior vice president of global manufacturing and a member of Nu Skin’s global management committee in 2018. Steve brings more than 26 years of manufacturing experience with him to Nu Skin, including significant experience in the Direct Selling Industry.
Previously, Steve worked at Forever Living Products, Cornerstone Research and Development, and Elevate Health Sciences, a company he founded. He served as board member at Cornerstone Research and Development, and served as one of the youngest CEO’s of a subsidiary of Mitsui. He was recognized by Utah Business Magazine as one of Utah’s Top 40 Under 40 in 2008.
In his free time, Steve enjoys running and spending time with his family. Any day that he gets to spend time outdoors or in the mountains is a perfect day for him!
Chief Transformation Officer and Senior Vice President of Technology
Masters in Technology Management, Columbia University
Bachelors in Electrical Engineering with Pre-med Minor, Manhattan College
Vince Perfetti was appointed as chief transformation officer and senior vice president of technology in May 2019.
He came to Nu Skin from Amazon Web Services where he was a principal consultant on the cloud advisory team, advising enterprise executives on program development to maximize cloud adoption and transformation. He also has senior leadership experience from GE Digital and Dow Jones and Company, where he led the transformation of technology teams and culture.
Vince’s core strengths lie in merging technology and business strategy to create and an enhanced environment built upon a foundation of teamwork and innovation. He has a master’s in technology management from Columbia University and an electrical engineering degree with a pre-med minor from Manhattan College.
In his spare time, Vince likes to go on outdoor adventures such as hiking, backpacking, mountain climbing, and swimming with his three daughters and wife.
VP of Business Development
B.S. in Accountancy from Brigham Young University, Japanese Minor
M.Acc. from Brigham Young University, Management of Information Systems Minor
Chris Ericson currently serves as Nu Skin’s vice president of Business Development where he drives long-term value for Nu Skin through strategic business relationships. Prior to this position, Chris led Nu Skin’s Global Internal Audit team as VP of Internal Audit and served as the Director of Internal Controls.
Before joining Nu Skin in 2015, Chris worked at PricewaterhouseCoopers (PwC) in their professional services group for 11 years. During this time, he serviced large multinational public corporations while living in Los Angeles, Salt Lake City, Tokyo, and Florham Park. His final two years with PwC, Chris served as a Senior Manager in PwC’s largest critical accounting, reporting and auditing issues.
Chris earned a Bachelor of Science and Master of Accountancy, professional emphasis, from Brigham Young University with minor degrees in Japanese and Management of Information Systems.
In his free time, Chris enjoys coaching his four sons’ sport teams and hiking or camping with his family.
Investor relationsClick here
Nu Skin’s Ryan Napierski featured in leading tech blog
In today’s digital age, it’s no secret that technology has transformed industries. From Uber to Google to Amazon, there are countless successful companies that thrive off of the development and utilization of technology in the gig space. Even industries that are seen as less traditionally connected with tech innovation, like the beauty and wellness industry, have been applying technology to business practices and strategy development now more than ever.
Nu Skin’s Ryan Napierski was recently featured in ReadWrite, a leading tech blog, about how the beauty and wellness industry has been transformed through technology. Ryan describes why Nu Skin considers itself a tech company because of how technology is utilized in its customer journey.
“At every touchpoint of our customer experience, we use technology. How we acquire new customers, how we transact with them, how we communicate with them — it’s all driven by technology,” says Ryan.
Ryan also talks specifically about how Nu Skin is using technology to spread opportunity. “If you look at the majority of companies in the opportunity economy, you’ll see that they are using people to improve their technology, rather than the other way around,” says Ryan. “We look at the challenges our micro entrepreneurs face and ask, ‘How can we use technology to help them be more effective?’ instead of looking at how technology can replace them.’”
Nu Skin’s Ryan Napierski featured in leading tech blog
Check out the full article here.
NU SKIN ENTERPRISES TO SHOWCASE BEAUTY DEVICES AND SUSTAINABLE GROWING TECHNOLOGY AT CES ASIA
PROVO, Utah – May 30, 2019 – Nu Skin Enterprises, Inc. (NSE) today announced it will be participating at CES Asia 2019 in Shanghai from June 11 to 13, 2019. Two of its companies, Nu Skin and Groviv, will be highlighting their technology and shared vision for consistently sourcing pure, sustainable ingredients for use in Nu Skin beauty and wellness products.
At the premier consumer technology event in Asia, Nu Skin will showcase its industry-leading family of beauty devices and other products that are developed by its more than 75 in-house scientists and engineers. The company will also share how it plans to combine controlled environment agriculture (CEA) technology with its world-class scientific research to develop products using sustainable ingredients that are traceable from seed to solution.
Groviv will demonstrate its automated CEA systems that use a fraction of the water and land required in traditional farming without the use of herbicides and pesticides. The technology has been developed to support Nu Skin’s product development initiatives, and Groviv is also exploring other industries and applications that will benefit from its sustainable growing technologies.
“We are excited to highlight our science and technology at CES Asia in our largest and fastest-growing market,” said Ritch Wood, CEO of Nu Skin Enterprises. “Technology is integral to all aspects of our global business – not only in the products we develop and how we source our ingredients but also in enhancing our customer experience across all touchpoints to attract new customers and build brand loyalty.”
Greater China is the largest region for Nu Skin’s core beauty and wellness business. It is a billion-dollar region for the company with more than 350,000 customers, and Shanghai is home to the company’s regional headquarters. The region also represents a significant growth opportunity for Nu Skin Enterprises.NU SKIN ENTERPRISES TO SHOWCASE BEAUTY DEVICES AND SUSTAINABLE GROWING TECHNOLOGY AT CES ASIA
NU SKIN ENTERPRISES CEO RITCH WOOD ON CES TECH TALK PODCAST
Nu Skin’s CEO, Ritch Wood, spoke with Tyler Suiters from the Consumer Technology Association, on the CES Tech Talk podcast about CES Asia and the need for tech in every industry.
About CES Asia
CES Asia is distinctly different in terms of the way the show is curated, the way these products and stories are presented, and the way these exhibitors and tech companies address the Asian customer base. The show started in 2015 and attendance is expected to grow nearly 75% since 2015 and is expecting more than 50,000 attendees at the show this year.
A fun fact about CES Asia, nearly 80 percent of the exhibitors that showcase at CES Asia do not exhibit at CES in Las Vegas, so people see new companies here first. CES Asia is a curated show, meaning all applications go through a reviewal process for booth space, and every year hundreds of companies are rejected because there’s not enough space.
Why is Nu Skin Enterprises at CES Asia?
You may wonder what is Nu Skin Enterprises doing at CES Asia, a tech conference? You may not think it’s a tech company precisely, but Ritch Wood, CEO of Nu Skin, explains why they are.
“Every company today is, or needs to be, a technology company. The companies who are really going to win and be successful going forward are those who are going to implement technology top to bottom in their companies. Nu Skin has developed a strategy to drive business forward through customer growth and has technology weaved through every point. It’s in three simple ways: our platform, our products, and our programs touch customers and bringing more customers to enjoy our product.”
- Nu Skin’s platform utilizes social selling and technology to make better customer experience and expand the reach of its sales leaders to be able to connect with more customers.
- From a skincare product side, Nu Skin has beauty devices, which utilizes technology to deliver ingredients in a way that improved the experience and the efficacy of its products. Sister company, Groviv, a controlled environment agriculture (CEA) company, is demonstrating its automated CEA systems that use a fraction of the water and land required in traditional farming. Producing higher efficiency ingredients that are clean, pure and free of herbicides and pesticides.
- Lastly, Nu Skin uses a program to reward and recognize its sales leaders for their success. Utilizing technology in that aspect as core to its ability to be successful.
Every company needs to be a tech company. It needs to flow through each aspect of the business. As you look at what companies are succeeding today, it’s the ones that embrace and utilize technology.NU SKIN ENTERPRISES CEO RITCH WOOD ON CES TECH TALK PODCAST
NU SKIN PRESIDENT NAMED CHAIRMAN OF THE BOARD OF THE DIRECT SELLING ASSOCIATION
PROVO, UTAH – June 6, 2019 – Nu Skin President Ryan Napierski has been selected to lead the direct selling industry as chairman of the board of the U.S. Direct Selling Association (DSA). He began his one-year appointment as chairman at the DSA Annual Conference on June 4.
“I am proud to be affiliated with so many outstanding member companies and suppliers and am excited to work with our DSA leadership team,” said Napierski. “Our team will focus on three key objectives this year – ensuring the reputation of the direct selling industry accurately reflects its integrity; repositioning our association to take full advantage of the macro trends of the gig economy, social sharing and the millennial workforce; and rejuvenating the industry to provide greater opportunities for all who seek the empowerment our industry has to offer.”
DSA President Joe Mariano added, “Ryan has been a leader in direct selling for years, both here in the United States and abroad, and has exercised that leadership as part of DSA’s board of directors and executive committee. In his role as chairman of the board, he will no doubt bring creativity and innovation to the association and entire direct selling industry.”
Napierski, who has been serving as treasurer of the DSA board for the past year, is the second Nu Skin executive to serve as chairman of the DSA. Nu Skin’s former CEO, Truman Hunt, held this position from 2014 to 2015.
About the Direct Selling Association
The Direct Selling Association (DSA) is the national trade association for companies that offer entrepreneurial opportunities to independent sellers to market and sell products and services, typically outside of a fixed retail establishment. In 2017, 18.6 million Americans were involved in some capacity in direct selling in every state, congressional district and community across the United States. In 2017, direct selling generated $34.9 billion in retail sales.NU SKIN PRESIDENT NAMED CHAIRMAN OF THE BOARD OF THE DIRECT SELLING ASSOCIATION
NU SKIN ENTERPRISES ADDS DISNEY EXECUTIVE TO BOARD OF DIRECTORS
PROVO, Utah – June 12, 2019 – Nu Skin Enterprises, Inc. (NSE) today announced the addition of Laura Nathanson to NSE’s board of directors. Nathanson is currently Disney Advertising Sales executive vice president of revenue and operations.
“Laura has a proven ability to recognize and capitalize on shifts in the business landscape at an early stage,” said Steven J. Lund, executive chairman of the board. “She focused on millennials long before they were part of standard marketing vernacular, she joined Fox in its first days to build a fourth major network, and she embraced digital advertising and pioneered its use to create new revenue streams. We welcome her to the board and look forward to leveraging her business insights and extensive experience in connecting and communicating with customers.”
Nathanson is a media maven with a three-decade career in the sales and marketing field, spending 21 years with The Walt Disney Company. Prior to being named EVP, revenue and operations, she served as EVP, sales and marketing for ABC Family, now Freeform. Throughout her career, Nathanson held key sales and advertising positions with Fox Broadcasting and media agencies. She holds a Bachelor of Arts degree from Wesleyan University.
Former board members Nevin Andersen and Neil Offen retired from the board and did not stand for re-election at the annual meeting. “Our board is deeply grateful to Nevin and Neil for their service to Nu Skin Enterprises. Their expertise and leadership over the years have been invaluable, and we wish them all the best,” added Lund.NU SKIN ENTERPRISES ADDS DISNEY EXECUTIVE TO BOARD OF DIRECTORS
NU SKIN ENTERPRISES TO PRESENT AT JEFFERIES GLOBAL CONSUMER CONFERENCE
PROVO, Utah —June 13, 2019 —Nu Skin Enterprises, Inc. (NYSE: NUS) today announced Chief Financial Officer Mark Lawrence will present at the Jefferies Global Consumer Conference in Nantucket, Mass., on Wednesday, June 19, 2019.
The company’s fireside chat will be webcast live beginning at 11 a.m. ET. Those wishing to access the audio can visit the Nu Skin Investor Relations page at ir.nuskin.com. The archive of the webcast will be available at this same location through Wednesday, July 3, 2019.NU SKIN ENTERPRISES TO PRESENT AT JEFFERIES GLOBAL CONSUMER CONFERENCE