Revlon Inc. said Wednesday that it has named Debra Perelman, the company's current chief operating officer, to the chief executive position, effective immediately. Perelman is the company's first female CEO. She is also the daughter of Ronald Perelman, the company's board chairman. Debra Perelman has been with Revlon for more than 20 years. Paul Meister, who has overseen operations on an interim basis, will continue as executive vice chairman of the board. Revlon shares are down 13.5% for the year to date while S&P 500 index is up nearly 2% for the period.
May. 23, 2018 at 8:24 a.m. ET
by Tonya Garcia
Revlon's newly-appointed CEO Debra Perelman is the first woman to hold the position
Revlon's newly-appointed CEO Debra Perelman is the first woman to hold the position
Among the companies with shares expected to trade actively in Friday's session are Broadcom, Nike, Johnson & Johnson, Netflix, Adbove Systems and Altice USA.
Trump unveils plans to impose steel, aluminum tariffs; Investors want to talk food waste with Amazon; Toyota to launch company devoted to self-driving cars.
The New York–based Revlon (REV) reported its results for 1Q18 before the bell today. The cosmetics giant fell short of both top- and bottom-line expectations for the quarter.
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Revlon, Inc. manufactures, markets and sells beauty and personal care products. The company's products include cosmetics, hair color, hair care and hair treatments, beauty tools, men's grooming products, anti-perspirant deodorants, fragrances, skincare and other beauty care products. It operates its business through the following segments: consumer segment, professional segment, Elizabeth Arden, and other segment. The Consumer segment is comprised of products that are manufactured, marketed and sold primarily within the mass retail channel in the U.S. and internationally, as well as certain department stores and other specialty stores outside the U.S., under brands such as Revlon, Almay, SinfulColors and Pure Ice in cosmetics; Revlon ColorSilk in women's hair color; Revlon in beauty tools; and Mitchum in anti-perspirant deodorants. The Professional segment manufactures, markets and sells professional products primarily to hair and nail salons and distributors in the U.S. and internationally under brands such as Revlon Professional in hair color, hair care and hair treatments; CND in nail polishes and enhancements, including CND Shellac and CND Vinylux nail polishes; and American Crew in men's grooming products. The Elizabeth Arden segment markets, distributes and sells fragrances, skin care and color cosmetics to prestige retailers, specialty stores, the mass retail channel, distributors, perfumeries, department stores, boutiques, travel retailers and other retailers in the U.S. and internationally, as well as direct sales to consumers via its Elizabeth Arden Red Door branded retail stores. The Other segment includes the operating results of the CBB business and related purchase accounting for the CBB Acquisition. The company was founded by Charles Revson, Joseph Revson, and Charles Lachman in March 1932 and is headquartered in New York, NY.
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