Salt Lake City-based LifeVantage Corp. announced that Steven Fife, the company’s chief financial officer, has been appointed interim CEO, replacing Darren Jensen, who has resigned as CEO and president. Jensen will be available to assist with the transition, the company said.
LifeVantage said its board of directors intends to retain a leading executive search firm to help the company identify and appoint a permanent successor to Jensen.
LifeVantage also announced that it has combined its sales and marketing operations under the direction of Justin Rose, the company’s chief sales officer.
“During Darren’s tenure, we have driven growth in both existing and new markets through the development of key initiatives and accelerating our international development plans. We want to thank him for his commitment to the company and wish him well with his next endeavor,” said Garry Mauro, the LifeVantage chairman of the board. “As we execute on the next phase of LifeVantage’s growth, we are pleased Steven has agreed to take on additional responsibility to lead the company along with our strong leadership team. Steven has been instrumental in developing our strategic plan, enhancing our proprietary product offerings and investing in technology and digital tools. We are confident that he will continue to drive forward the strategic growth plans we have been executing.”
“We have built a solid foundation at LifeVantage with a team that is highly focused on our collective goals,” said Fife. “I am extremely confident in our outlook for continued profitable growth. I look forward to working with the board, our distributors and our employees to build on the positive momentum we have in place.”
“I am extraordinarily grateful for the effort and dedication that the entire LifeVantage team has contributed to advancing our strategic plan throughout my tenure leading the company,” said Jensen. “I believe that this is the right time for me to take the next step and explore a new path, as I have great faith in LifeVantage’s position and future. With the support of its excellent team, I am confident that LifeVantage will continue to build on its accomplishments, leveraging its strong financials and compelling product offering to drive long-term sustainable growth.”