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Full-Time

Chief Financial Officer

Posted on 5/8/2024

Plexus Worldwide

Plexus Worldwide

5,001-10,000 employees

Direct-selling health and wellness products

Social Impact
Healthcare
Consumer Goods

Expert

Scottsdale, AZ, USA

Category
Corporate Finance
Risk Management
Finance & Banking
Required Skills
Communications
Requirements
  • Bachelor's in accounting, Finance, or related field
  • MBA and/or CPA preferred
  • 10-15 years of progressive experience in Finance
  • Minimum of 5 years as a Vice President managing financial operations
  • Experience in risk management and compliance
  • Excellent communication skills
  • Leadership experience in team development
  • Experience in overseeing M&A processes
  • Experience in international financial strategies
Responsibilities
  • Develop and implement financial strategies aligned with organizational goals
  • Engage with partners and executives to communicate financial performance
  • Collaborate with executive leadership for international growth
  • Evaluate capital structure and optimize cost of capital
  • Ensure compliance with corporate governance best practices
  • Prepare and present financial reports to the executive team
  • Assess emerging technologies and guide investment in innovation
  • Develop and maintain relationships with stakeholders
  • Lead and mentor a high-performing finance team

Plexus Worldwide focuses on health and wellness products that are based on scientific research. The company sells its products directly to consumers through a network of over 550,000 Ambassadors, who are independent sellers that earn commissions on their sales. This direct-selling model allows Plexus to reach a wide audience while providing opportunities for individuals to start their own businesses. Unlike many competitors, Plexus emphasizes its commitment to core values such as trustworthiness and reliability, which has helped it gain recognition as one of the largest direct-selling organizations in the world. The goal of Plexus is to improve the health and well-being of its customers, while also creating a supportive community for its Ambassadors.

Company Stage

N/A

Total Funding

N/A

Headquarters

Scottsdale, Arizona

Founded

2008

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

-5%
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Simplify's Take

What believers are saying

  • Plexus' recognition as a finalist in the BBB Torch Awards for Ethics highlights their commitment to ethical business practices.
  • The promotion of experienced leaders like Carmen Wasserman and Mike Beardall indicates strong internal growth and leadership stability.
  • Plexus' active involvement in community service projects can enhance employee morale and foster a sense of purpose among Brand Ambassadors.

What critics are saying

  • The $600,000 settlement for alleged False Claims violations could impact Plexus' reputation and financial stability.
  • The direct selling model may face regulatory scrutiny and market saturation, posing challenges for growth.

What makes Plexus Worldwide unique

  • Plexus Worldwide's commitment to community service, as evidenced by their significant volunteer efforts and donations, sets them apart in the health and wellness sector.
  • Their direct selling model leverages a large network of Brand Ambassadors, providing a personalized touch that many competitors lack.
  • Plexus' focus on innovative product development, such as the launch of Plexus Sleep and new Hydrate flavors, demonstrates their dedication to meeting diverse consumer needs.

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