UPDATE 1-Mannatech founder resigns as chief executive

by louabbott on August 21, 2007

Reuters – August 21, 2007

Mannatech Inc said its founder Samuel Caster resigned as chief executive officer effective immediately and Terry Persinger has been appointed interim CEO.

Caster, who founded the company in 1993, will serve as non-executive chairman of the board, Mannatech said.

In July, the Attorney General of Texas had charged the provider of nutritional supplements and Caster with operating an illegal marketing scheme.

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