CEO Omnilife – Jorge Carlos Vergara – Passed Away

CEO Omnilife Jorge Carlos Vergara Passed Away

Jorge Carlos Vergara Madrigal (3 March 1955 – 15 November 2019) was a Mexican businessman and film producer. He was the founder of the multi-level marketing company Grupo Omnilife. In addition to its health products business, Grupo Omnilife owns the football club C.D. Guadalajara. Between 2003 and 2011, Vergara was also owner of Costa Rican football team Saprissa.

Since its foundation in 1991, the privately owned corporation has grown from one company, Omnilife de Mexico, to comprise nineteen companies.

Today, approximately 5.2 million people distribute Omnilife products in 22 countries, while the company has reached annual sales of nearly $4.2 billion.

Vergara also produced internationally recognized films such as The Assassination of Richard Nixon and the Oscar-nominated Y Tu Mamá Tambiénthrough the production company, Producciones Anhelo.

He died on 15 November 2019 as a result of a heart attack in New York City

Born in Guadalajara, Vergara once sold tacos on Mexican streets. Back in the 1980s Vergara sold condominiums and timeshares in Manzanillo, Mexico, where he met and began working with John Peterson.

When Peterson became a Herbalife salesperson, he recruited Vergara and together they began selling Herbalife products in Mexico. Since Herbalife had not received Mexican government approval to sell their products, Peterson and Vergara had to smuggle the products into the country.

After six months of smuggling the products into Mexico, Herbalife took notice and began the process of getting government approval. Vergara was asked to help get the Herbalife products approved by the Mexican government and was instrumental in helping Herbalife’s founder, Mark Hughes deal with the Mexican Government.

This gave Vergara insight into how a multi-level company profits and expands into other countries.

Vergara was partners with Roger Daley, Jim Fobair and Charlie Ragus. With already the 51% of the company, Vergara acquired the rest of Omnitrition at the end of the deal with his U.S. partners and took the whole control of Omnitrition de Mexico.

Vergara was the director of Omnilife de Mexico from 1991 to his death.

Get more information, facts and figures about Omnilife, click here for the Omnilife overview.

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