NEW YORK--(BUSINESS WIRE)--
Revlon Consumer Products LLC (NYSE:REV) announced today the appointment
of Mr. Christopher ("Chris") Peterson to the new role of Chief Operating
Officer, Operations, effective immediately. In this capacity, Mr.
Peterson will be responsible for overseeing the Company's Global Supply
Chain, Finance and IT functions. Mr. Peterson will report to Mr. Fabian
Garcia, President & CEO of Revlon.
Prior to joining Revlon, Mr. Peterson served in a number of senior
executive positions at Ralph Lauren Corporation, including most recently
as its President, Global Brands, a position he held since 2015. In this
role, Mr. Peterson was responsible for overseeing Ralph Lauren's Global
Brand Presidents, as well as its Chief Financial Officer, Investor
Relations, Information Technology & Real Estate. From 2014 to 2015, Mr.
Peterson was Executive Vice President, Chief Administrative Officer and
Chief Financial Officer at Ralph Lauren and joined the company in 2012
as its Senior Vice President and Chief Financial Officer. Prior to
joining Ralph Lauren, Mr. Peterson spent 20 years at The Procter &
Gamble Company in management and financial leadership roles of
increasing responsibility.
Commenting on today's announcement, Mr. Garcia said, "Chris brings
strong financial acumen, operational expertise and decades of experience
leading global organizations for consumer and luxury brand companies and
will be a tremendous asset to our organization. Partnering with our
senior executive team, I am confident that Chris will leverage his
talents to help us execute our strategy and deliver long-term
sustainable growth and profitability."
"This is a very exciting time to join Revlon, with the recent
acquisition of Elizabeth Arden and as the company enhances its position
as a global beauty leader," said Mr. Peterson. "I look forward to
working with Fabian and Revlon's leadership team to drive growth and
value creation for all stakeholders."
About Revlon Consumer Products LLC
Revlon has developed a long-standing reputation as a color authority and
beauty trendsetter in the world of color cosmetics and hair care. Since
its breakthrough launch of the first opaque nail enamel in
1932, Revlon has provided consumers with high quality product
innovation, performance and sophisticated glamour. In
2016, Revlon acquired the iconic Elizabeth Arden® portfolio of brands,
including its leading designer, heritage and celebrity fragrances.
Today, the Revlon Beauty's Group's diversified portfolio of brands is
sold in approximately 150 countries around the world in most retail
distribution channels, including mass, salon and prestige. Revlon ranks
among the top 20 global beauty companies, with product offerings in
color cosmetics, skincare, hair color and care, beauty tools, men's
grooming products, anti-perspirant deodorants and other beauty care
products fragrances under brands such as Revlon, Elizabeth Arden, Revlon
ColorSilk, Revlon Professional, American Crew, Almay, Mitchum,
Cutex, Elizabeth Taylor, Britney Spears, Juicy Couture, Curve, John
Varvatos and Christina Aguilera. Please visit http://www.revlon.com for
the latest news and information about Revlon and its brands.
Forward-Looking Statements
Statements made in this press release, which are not historical facts,
including statements about the Company's plans, strategies, focus,
beliefs and expectations, are forward-looking and are subject to the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements speak only as of the date they are made and, except for the
Company's ongoing obligations under the U.S. federal securities laws,
the Company undertakes no obligation to publicly update any
forward-looking statement, whether to reflect actual results of
operations; changes in financial condition; changes in general U.S. or
international economic, industry or cosmetics category conditions;
changes in estimates, expectations or assumptions; or other
circumstances, conditions, developments or events arising after the
issuance of this press release. Such forward-looking statements include,
without limitation, statements as to the Company's expectations and
beliefs that: (i) partnering with our senior executive team, Chris will
leverage his talents to help us execute our strategy and deliver
long-term sustainable growth and profitability; and (ii) Chris will work
with Fabian and Revlon's leadership team, to drive growth and value
creation for all stakeholders. Actual results may differ materially from
such forward-looking statements for a number of reasons, including those
set forth in our filings with the SEC, including, without limitation,
our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and
Current Reports on Form 8-K that we have filed or will file with
the SEC during 2017 (which may be viewed on the SEC's website at http://www.sec.gov or
on our website at http://www.revloninc.com),
as well as reasons including: difficulties with, delays in and/or the
Company's inability to execute its strategy, deliver long-term
sustainable growth and profitability and drive growth and value creation
for all stakeholders, such as due to unanticipated circumstances or
results affecting the Company's financial performance, including
decreased consumer spending in response to weak economic conditions or
weakness in the consumption of beauty care products; adverse changes in
foreign currency exchange rates; decreased sales of the Company's
products as a result of increased competitive activities by the
Company's competitors and/or decreased performance by third party
suppliers; changes in consumer preferences, such as reduced consumer
demand for the Company's products or lower than expected customer and/or
consumer acceptance of the Company's existing or new products; lower
than expected results from the Company's advertising, promotional,
pricing and/or marketing plans; higher than expected sales returns
related to any reduction of space and/or inventory management by the
Company's customers; changes in consumer purchasing habits, including
with respect to retailer preferences and/or among sales channels; and/or
higher than expected synergy and integration program costs and expenses
related to the Elizabeth Arden acquisition. Factors other than those
listed above could also cause the Company's results to differ from
expected results. Additionally, the business and financial materials and
any other statement or disclosure on or made available through the
Company's websites or other websites referenced herein shall not be
incorporated by reference into this release.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170417005826/en/
Revlon Consumer Products LLC
Investor Relations:
Siobhan Anderson, 212-527-5230
or
Media
Relations:
Pamela Gill Alabaster, 212-527-5863
Source: Revlon Consumer Products LLC