December 4, 2009 (FinancialWire) — Mannatech, Inc. (NASDAQ: MTEX) said that president and CEO Wayne L. Badovinus has resigned from the company for personal reasons as its top executive and board member. Badovinus joined Mannatech in May 2008.

In a novel move for the company, three veteran Mannatech executives will work together within the newly created ‘Senior Executive Office’. Mannatech’s chief financial officer Steve Fenstermacher and chief science officer Rob Sinnott have been named co-CEOs while Randy Bancino, senior vice president has been named president of global business operations and expansion.

Top management responsibilities will be shared between these three officers to better serve the company’s global independent sales Associates while enhancing the company’s focus on its strategic objectives.

Mannatech, develops health, weight and fitness, and skin care products.

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