Herbalife Ltd. said Tuesday it promoted William Rahn to managing director of the Asia Pacific region.
Rahn started with the nutritional and weight-loss supplements maker as senior vice president of Japan in 2004 but had his role broadened over the years to include sales and operations of Japan and Korea as well as marketing for the Asia Pacific region.
Shares of Herbalife shed 53 cents, or 2.5 percent, to $21.01 in afternoon trading as the broader market fell on concerns that the recession is worsening.
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