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Delpani to become Revlon CEO
October 31st, 2013
NEW YORK – The board of Revlon Inc. has elected Lorenzo Delpani as president and chief executive officer.
The beauty care and cosmetics giant said Thursday that Delpani will assume the post on Nov. 1. He takes the reins from interim CEO David Kennedy, who early this month was named to take over chief executive duties at the company with the departure of Alan Ennis.
Delpani also has been appointed to Revlon's board and its operating subsidiary, Revlon Consumer Products Corp.
Previously, Delpani was chief executive officer of The Colomer Group (TCG), which Revlon acquired for $660 million earlier this month. Before TCG, he served in senior executive positions at Reckitt Benckiser plc, including responsibility for southwestern Europe and for new product initiatives and e-business.
Prior to Reckitt Benckiser, Delpani held senior marketing and executive positions at Johnson & Johnson and Procter & Gamble Co.
"The acquisition of The Colomer Group represents a significant, strategic step forward for Revlon, and this leadership transition ensures that we have highly capable executives to continue to lead the combined company," Kennedy stated. "Lorenzo has demonstrated success in leading companies to achieve breakthrough innovations, in reshaping business processes to drive growth and profitability, and in successfully leading complex and geographically diverse organizations. I am highly confident that Lorenzo will bring exemplary and visionary leadership and tremendous passion and focus on ensuring the success of the combined Revlon business."
A beauty care company, TCG specializes in the professional salon channel.
"I want to welcome Lorenzo to his new role as Revlon's president and CEO," Revlon chairman Ron Perelman commented. "Lorenzo has the depth and breadth of strategic, marketing, sales, financial and operational leadership experience to successfully lead and transform the combined Revlon company at this time of extraordinary opportunity and will bring a vision and talent for innovation across all areas of the company's business."