Revlon's first-ever female president and CEO, Debra Perelman, has stepped down from her position after five years.
The cosmetics giant has temporarily appointed Elizabeth A Smith as interim CEO, effective immediately, with Perelman acting as an advisor during the transition period.
Smith has an extensive CV, having served as executive chairman and CEO of Bloomin’ Brands. She was also chair of the Federal Reserve Bank of Atlanta, and president of Avon Products.
“It has been an honour to lead the talented and dedicated Revlon team over the past five years, and I am grateful to my colleagues for their partnership and support throughout this time,” said Perelman.
“With a successful financial restructuring behind us, I believe now is the right time to pass the torch.”
Perelman spent over 20 years at Revlon, working across different facets of the business. She was once the COO and also helped build the company’s corporate strategy.
“The entire board of directors is grateful to Debbie for her many contributions to Revlon as both CEO and a member of the board for the past five years – especially for her leadership during the Covid-19 pandemic and the financial restructuring process,” said Smith.
The team at Revlon will continue to focus on upcoming opportunities.
