Carl Icahn Issues Statement on Herbalife (HLF) CEO Departure

November 1, 2016 4:20 PM EDT

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Carl Icahn issued a statement on news Herbalife (NYSE: HLF) CEO Michael Johnson is leaving:

Almost four years ago, we became shareholders of Herbalife and now have five of our nominees on the Board. We would like to applaud Michael Johnson for doing a superb job navigating the company through a number of libelous attacks during this period. I am glad he intends to stay meaningfully involved in the company and I fully support the Board’s choice of Rich Goudis becoming CEO while Michael remains actively engaged as Executive Chairman.

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