Brian Kahn

The Vitamin Shoppe named Lee Wright its new CEO and Muriel Gonzalez its new president, a pair of appointments that come after the wellness brand’s parent company, Franchise Group, announced its intentions to go private through a $2.6 billion management buyout.

Franchise Group, which owns and operates several brands, including The Vitamin Shoppe, has received an unsolicited non-binding acquisition proposal for all outstanding shares of common stock at $30 per share in cash.