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Mannatech , Incorporated (NASDAQ:MTEX) announced that Chief Operating Officer Peter Griscom has notified the company and its Board of Directors of his resignation. According to a statement released Thursday, Griscom’s departure will be effective August 8, 2025.
The company did not disclose the reason for Griscom’s resignation or provide details regarding plans for his replacement.
Mannatech is based in Flower Mound, Texas, and operates in the medicinal chemicals and botanical products sector, generating revenues of $115 million in the last twelve months. The company maintains a healthy balance sheet with more cash than debt, and its current ratio of 1.18 indicates adequate liquidity. The information is based on a statement included in a recent SEC filing. InvestingPro subscribers can access 8 additional key insights about Mannatech’s financial health and future prospects.
In other recent news, Mannatech, Incorporated has announced the promotion of Peter Griscom to the position of Chief Operating Officer, effective July 1, 2025. Griscom has been with the company for over a year, previously holding the role of Senior Vice President of Global Operations since August 2024. Before his tenure in global operations, he served as Senior Vice President of Product, Innovation, and Supply Chain from July 2023 through August 2024. This leadership change is part of Mannatech’s ongoing efforts to strengthen its executive team. With over a decade of experience in direct selling, Griscom is expected to bring valuable insights and strategic direction to his new role. The company has not disclosed any additional strategic initiatives or plans following this appointment. Investors may view this development as a potential for operational enhancements within the company.
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