Revlon said late Monday that Peterson’s appointment is effective immediately. In the role, he will oversee the beauty care giant’s global supply chain, finance and information technology functions and report to Fabian Garcia, president and chief executive officer.
“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,” Peterson stated. “I look forward to working with Fabian and Revlon’s leadership team to drive growth and value creation for all stakeholders.”
Most recently, Peterson served as president of global brands at Ralph Lauren. In the position, which he held since 2015, Peterson oversaw Ralph Lauren’s global brand presidents, chief financial officer, investor relations, IT and real estate.
“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,” Garcia commented. “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.”
Before becoming Ralph Lauren’s global brands presidents, Peterson served as executive vice president, chief administrative officer and CFO from 2014 to 2015. He joined the company in 2012 as senior vice president and CFO.
Prior to joining Ralph Lauren, Peterson spent 20 years at Procter & Gamble Co. in a variety of management roles, most recently as vice president and CFO of global household care. Before that, he served as vice president and CFO of global health and well-being at P&G.
Revlon has announced a number of executive moves in recent months, including the appointments of former L’Oréal executive Serge Jureidini as president of Elizabeth Arden & Fragrances and Allure founding editor-in-chief Linda Wells to the new role of chief creative officer.
In January, Revlon unveiled an organizational realignment of its global brands based on four global teams: Revlon, Elizabeth Arden, Fragrances and Portfolio Brands. Revlon said the new structure bolsters its efforts to build brand equity.
The move came after the closing of the Elizabeth Arden acquisition in September. That grew Revlon into a $3 billion beauty company, with a diverse portfolio of iconic brands in color cosmetics, skin care, fragrances, hair color, hair care, beauty tools, men’s grooming, antiperspirant deodorants and other beauty care products sold in about 150 countries.
Revlon’s lineup of beauty care brands includes Revlon, Elizabeth Arden, Revlon ColorSilk, Revlon Professional, American Crew, Almay, Mitchum, Cutex, Elizabeth Taylor, Britney Spears, Juicy Couture, Curve, John Varvatos and Christina Aguilera, among others.