Mannatech Adds Distinguished Kellogg Professor Robert Blattberg to Board
Appointment follows conclusion of Professor Axford’s five-year tenure on Mannatech Board
Coppell, TX, September 7, 2007 - Mannatech, Inc. (NASDAQ – MTEX) today announced effective September 6, 2007, the addition of Professor Robert Blattberg from Northwestern University’s Kellogg School of Management to the company’s Board of Directors. Blattberg replaces outgoing Board member Professor John Axford who is leaving the Board to focus his efforts on new research initiatives with Mannatech, as well as complete the glyconutritional research under a three-year agreement between St. George’s University of London and Mannatech.
Since 1991, Professor Blattberg has served as the Polk Brothers Distinguished Professor of Retailing and Director for the Center for Retail Management within Northwestern University’s Kellogg School of Management. He is currently on a one-year leave of absence and is a visiting professor at Carnegie Mellon University. Previously, he held the title of the Charles H. Kellstadt Professor of Marketing and served as Director of the Center of Marketing Information Technology for University of Chicago’s Graduate School of Business.
“We are quite pleased to have someone with Professor Blattberg’s knowledge and expertise in global retail marketing join our Board,” said J. Stanley Fredrick, lead director on Mannatech’s Board. “His vast experience and published accomplishments speak volumes about his ability to assist organizations in achieving success through solid marketing strategies and principles.”
Professor Blattberg focuses his research on marketing information technology, database marketing, sales promotions, and retailing. In addition to authoring several books, he has written articles for the Journal of Marketing Research, Management Science, Marketing Science, Econometrica, Journal of Marketing, Journal of Direct Marketing , and other leading academic journals. He has also consulted for leading retailers, such as Sears, Kroger, Rite Aid, and Best Buy. Fredrick added, “We have been very fortunate to have Professor Axford, an accomplished glycobiologist and physician, serve on our Board of Directors. During his five-year tenure, he helped create and chair the Science Committee within the Board where he provided critical direction and expertise to our R&D program. He also assisted in attracting key scientific talent as evidenced by the addition of Dr. Robert A. Sinnott, senior vice president and chief science officer of R&D in 2005.”
Since 2002, Professor Axford has served as a Class III Director and is Chairman of the Science Committee. Mannatech will continue its ongoing three-year agreement with St. George’s University of London, where Professor Axford is serving as the Principal Investigator of a clinical study on Mannatech’s Ambrotose product.