On March 24, 2023, Mark H. Lawrence notified Nu Skin Enterprises, Inc. of his resignation from his position as Chief Financial Officer. The resignation will be effective as of March 31, 2023. Mr. Lawrence will remain with the Company as a senior advisor through April 2023 to support a smooth transition following the conclusion of his service as Chief Financial Officer.

On March 30, 2023, the Company's Board of Directors appointed James D. Thomas, the Company's Senior Vice President and Chief Accounting Officer, as Interim CFO, effective upon Mr. Lawrence's departure as CFO. Mr. Thomas is expected to serve until the Company completes a search and appoints a permanent CFO. It is expected that the search will include both internal and external candidates.

Mr. Thomas, age 44, joined the Company in 2010 and has served as the Company's Senior Vice President and Chief Accounting Officer since 2019. He previously served as Vice President of Finance and Accounting from 2017 until his promotion to Chief Accounting Officer. He also has served as Corporate Controller and as an Internal Auditor at the Company.

Before joining the Company, he worked as an Assistant Controller of another publicly reporting company and served in the assurance practice at PricewaterhouseCoopers LLP. Mr. Thomas holds B.S. and Master of Accounting degrees from Utah State University.