Herbalife hires heavyweight lobbyist to counter Ackman

|About: Herbalife Ltd. (HLF)|By:, SA News Editor

Herbalife (HLF +0.3%) appoints Alan L. Hoffman to the newly-created position of SVP of Global Corporate Affairs reporting to Chairman & CEO Michael Johnson effective August 25, 2014. He joins the firm from PepsiCo where he is SVP for Global Public Policy responsible for policy development and external/government relations.

Mr. Hoffman was formerly VP Joe Biden's Chief of Staff and President Obama's Deputy Assistant.

Separately, SVP of Global Corporate Communications Barbara Henderson retires. She will assist with the transition to Mr. Hoffman and remain President of the Herbalife Family Foundation.