Revlon, Inc. Announces the Appointment of Serge Jureidini as President, Elizabeth Arden & Fragrances
March 14 2017 - 8:30AM
Business Wire
Revlon, Inc. (NYSE:REV) announced that Mr. Serge Jureidini will
be joining the Company as President, Elizabeth Arden &
Fragrances, reporting directly to Mr. Fabian Garcia, President
& CEO of Revlon.
Mr. Jureidini spent nearly 20 years at L’Oréal in management
roles of increasing responsibility in the Luxury Division in EMEA,
Asia and North America, including his latest positions in New York
as President of the Designer Fragrances Division and President of
Lancôme USA. Most recently, Mr. Jureidini served as President and
CEO of Arcade Beauty, a private equity owned global company focused
on multisensory sampling solutions for the beauty industry.
Mr. Garcia stated, “As we continue to build and strengthen our
portfolio of iconic brands, Serge’s over 25 years of experience in
the beauty industry, across all product categories, as a supplier
to the industry and leading brands in the prestige channel, will
help us achieve our growth ambitions. His extensive knowledge of
the prestige and specialty channels and leadership experience with
both multi-category franchise brands and fine fragrances make him a
great fit for this strategic role. We are delighted to have Serge
join the team of industry leaders that we are assembling to advance
our growth strategy and position Revlon as a world-class beauty
leader."
In his new role, Mr. Jureidini will lead the strategic direction
and growth priorities for both the Elizabeth Arden brand and Global
Fragrances. Mr. Jureidini will succeed both Ms. JuE Wong,
President, Elizabeth Arden, who has decided to leave the Company,
effective March 31, 2017, and Mr. George Cleary, President
Fragrances, who has recently left the Company.
About Revlon, Inc.
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) as we
continue to build and strengthen our portfolio of iconic brands,
Mr. Jureidini's experience in the beauty industry will help us
achieve our growth ambitions; and (ii) the team of industry leaders
that we are assembling will advance our growth strategy and
position Revlon as a world-class beauty leader. 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: (i) difficulties with, delays in and/or the Company’s
inability to achieve its long-term growth aspirations, 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; (ii) difficulties with, delays in and/or the
Company’s inability to assemble an experienced, passionate and
talented leadership team that will help realize the combined
organization’s vision and growth ambitions, including, without
limitation, due to one or more the factors referred to in clause
(i) immediately above; and/or (iii) less than anticipated benefits
from Mr. Jureidini’s appointment. 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170314005566/en/
Media Relations:Revlon, Inc.Pamela Alabaster, 212-527-5863
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