Myron W. Wentz

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Myron W. Wentz is the founder of USANA Health Sciences, having served as Chief Executive Officer and still serving as Chairman of the Board of the company.

Education[edit]

Wentz holds a B.Sc. degree in biology from North Central College in Naperville, Illinois, a M.Sc. degree in microbiology from the University of North Dakota, and a Ph.D. degree in microbiology and immunology from the University of Utah.[citation needed] [1]

Professional history[edit]

In 1974, Wentz launched Gull Laboratories as a one-man operation and developed a test for diagnosing Epstein-Barr virus infection. Wentz sold his controlling interests in Gull Laboratories in 1992 and founded USANA Health Sciences in the same year.

Wentz also founded Sanoviv Medical Institute, a health and wellness center located near Rosarito, Mexico. Wentz served as President of Sanoviv from 1999-2010. In spring 2010, Wentz named Elaine Pace as President.[2][3]

Wentz was reported to have donated $10 million to North Central College,[4] which helped to fund construction of the Wentz Concert Hall, a $30 million performing arts facility named after Wentz. In June 2011, the College awarded Wentz an honorary doctor of science degree for lifetime achievement in the sciences.[5]

Shareholder lawsuit[edit]

On April 4, 2007, Wentz was named as a defendant in a class-action lawsuit brought against USANA by company shareholders. The suit alleged that USANA presented materially false and misleading information about the company’s financial situation and business practices. Included in the allegations were that USANA's business model was unsustainable and amounted to a pyramid scheme. The suit cited several allegations from a report released by Barry Minkow and the Fraud Discovery Institute.[6]

This lawsuit was dismissed with prejudice on January 3, 2008 by the Utah state court after USANA filed a motion to dismiss and the plaintiff agreed.[7]

Citizenship[edit]

Wentz has been criticized for having renounced his American citizenship in the mid-nineties, and for now claiming citizenship in Saint Kitts and Nevis. Former USANA CFO, Gilbert Fuller, responded to this criticism by stating that Wentz's decision to renounce his US citizenship had nothing to do with the company.[8] Wentz and his companion, Prudence Conley, now live in Rosarito, Mexico.

Bibliography[edit]

Books[edit]

  • Wentz M. A mouth full of poison. Rosarito Beach, Baja California:Medicis, S.C.; 2004.
  • Wentz M. Invisible miracles. Rosarito Beach, Baja California:Medicis, S.C.; 2002.
  • Wentz M. and Wentz, D. The Healthy Home; 2010

Scientific papers[edit]

  • Preobrazhensky S, Malugin A, Wentz M. "Flow cytometric assay for evaluation of the effects of cell density on cytotoxicity and induction of apoptosis". Cytometry 2001;43(3):199-203.
  • Mazumder P, Chuang HY, Wentz MW, Wiedbrauk DL. "Latex agglutination test for detection of antibodies to Toxoplasma gondii". J Clin Microbiol 1988;26(11):2444-46.
  • McNeil C, Ladle JN, Helmick WM, Trentelman E, Wentz MW. "An antiserum to ovarian mucinous cyst fluid with colon cancer specificity". Cancer Research 1969;29(8):1535-40.
  • Wentz MW, Scott RA, Vennes JW. "Clostridium botulinum type F: Seasonal inhibition by Bacillus lichenoformis". Science 1967;155(758): 89-90.

References[edit]

  1. ^ "CEO BIO: Myron W. Wentz". Businessweek.com. Retrieved 2012-01-27. 
  2. ^ Forbes http://people.forbes.com/profile/myron-w-wentz/43157 |url= missing title (help). 
  3. ^ Green Productivity Solutions. "Sanoviv Medical Institute Selects Elaine Pace as President". PRLog. Retrieved 2012-01-27. 
  4. ^ Kimberly, James (May 24, 2006). "North Central and its $10 million benefactor". Chicago Tribune. Retrieved 2012-08-30. 
  5. ^ "Dr. Myron Wentz Awarded Honorary Doctor of Science Degree". Reuters. June 13, 2011. 
  6. ^ Linda Fantin (2007-03-28). "Supplements suit says USANA duped investors". Salt Lake Tribune.  See also plaintiff press releases from Milberg Weiss, Brower Piven, and Brodsky & Smith, LLC, March 29, 2007.
  7. ^ [1][dead link]
  8. ^ Keith J. Winstein (2007-03-15). "USANA Sales Plan Draws Fire from Felon Turned Gumshoe". Wall Street Journal. 

External links[edit]