Interim CEO Elizabeth (Liz) A. Smith Will Remain Executive Board Chair

October 10, 2024 – NEW YORK – Revlon Group Holdings LLC (“Revlon” or the “Company”) today announced that Michelle A. Peluso has been appointed Chief Executive Officer of the Company, effective November 4, and will be joining the Company’s Board of Directors (the “Board”). Elizabeth (Liz) A. Smith, who has been serving as interim CEO and Executive Chair of the Board since August 2023, will continue in her role as Executive Chair.

Ms. Peluso comes to Revlon with deep global strategic and operational experience. She most recently served as the Chief Customer and Experience Officer at CVS Health, where she oversaw the end-to-end consumer experience across all channels. She has previously held global Chief Marketing Officer roles at IBM and Citi, and CEO roles at digital commerce pioneers Travelocity and Gilt. Ms. Peluso is a member of the board of directors of Nike.

Ms. Smith commented: “I am thrilled to be bringing Michelle on to lead Revlon’s next phase of growth. It has been a privilege to undertake this transformation journey over the past year. With a clear strategic direction set for the Company, strong progress on our transformation, a deeply talented leadership team in place and exciting opportunities in front of us, now is the right time for this transition. Michelle is a terrific leader and brings significant retail and digital experience to Revlon that will be critical to our future growth and success. Along with the rest of the Board, I look forward to supporting Michelle as she takes on this role.”

Ms. Peluso stated: “It is an honor to lead Revlon and its collection of powerful brands at this important time in the Company’s history. I look forward to working with the full Revlon team – as well as our retailer, supplier and distribution partners – to further unlock the growth potential of our brands and meet the moment for the next generation of beauty and wellness lovers.”

About Revlon Group Holdings LLC

Revlon Group Holdings 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 company and its portfolio of brands, including its leading designer and celebrity fragrances. Today, Revlon’s diversified portfolio of brands is sold in over 100 countries around the world in most retail distribution channels, including prestige, salon, mass, and online. Revlon is among the leading global beauty companies, with some of the world’s most iconic and desired brands and product offerings in color cosmetics, skin care, hair color, hair care and fragrances under brands such as Revlon, Revlon Professional, Elizabeth Arden, Almay, Mitchum, CND, American Crew, Creme of Nature, Cutex, Juicy Couture, Elizabeth Taylor, Britney Spears, Curve, John Varvatos and Christina Aguilera.

Forward Looking Statements

This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects, believes, targets or anticipates will or may occur in the future are forward-looking statements. The Company’s actual results may differ materially from those anticipated in these forward-looking statements as a result of certain risks and other factors. The Company therefore cautions readers against relying on these forward-looking statements. All forward-looking statements attributable to the Company or persons acting on the Company’s behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made, and, except as required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts

Longacre Square Partners
Dan Zacchei / Ashley Areopagita
[email protected]

Source : Businesswire