April 3 (Reuters) - Wellness Lifestyles Inc WELL.V :
* ANNOUNCES BOARD, CEO AND SENIOR MANAGEMENT CHANGES
* SAYS HAMED SHAHBAZI APPOINTED CHAIRMAN OF THE BOARD
* ON MAY 23, 2018, SHAHBAZI WILL ALSO ACCEPT ROLE OF CHIEF EXECUTIVE OFFICER OF WELLNESS LIFESTYLES
* SHAHBAZI WILL ALSO ACCEPT ROLE OF CEO; ALEX READ, CURRENT CEO, WILL THEN ASSUME ROLE OF COO