Revlon, Inc. (NYSE:REV) today announced that Chris Elshaw, currently Revlon's Executive Vice President and Chief Operating Officer, has decided to leave his position with the Company, effective immediately, to pursue other interests. Revlon also announced that it has appointed Gianni Pieraccioni as its Executive Vice President and Global President Revlon Consumer Division and Sennen Pamich as its Executive Vice President and Global President Revlon Professional Division.
Gianni most recently served as EVP, Chief Commercial Officer for Alitalia. Prior to Alitalia, he held several general management, marketing and commercial positions of increasing scope and seniority within the consumer and luxury goods industry, including at Procter & Gamble, PepsiCo, Johnson & Johnson, Sector Group, Binda Group and Averna Group.
Sennen most recently served as Senior Vice President, Revlon Pro Brands -- U.S. and Canada where he successfully led his business units. Sennen joined The Colomer Group in January 2010 and before that he held several senior management, commercial and marketing positions of increasing scope and responsibility at Procter & Gamble, Johnson & Johnson and Bulgari Perfumes & Cosmetics.
Commenting on these appointments, Lorenzo Delpani, Revlon's President and Chief Executive Officer, said, "Both Gianni and Sennen have significant experience and demonstrated success in leading global businesses. Gianni brings to our Revlon Consumer division broad international as well as domestic experience, as he worked in Italy, Spain, the U.S. and Brazil and had country, regional and global responsibilities in his previous positions. Sennen brings a global vision to his new role in our Revlon Professional division, having held senior management, sales and marketing positions in the U.S., Asia and Europe. These appointments are designed to strengthen our leadership team and to better support and focus our efforts to develop each of our Consumer and Professional divisions."
Mr. Elshaw said, "After 12 years with the Company I felt it was time to seek a new challenge. I've very much enjoyed working with my colleagues and business partners to develop our business around the world and I am proud of the many achievements during my time at Revlon. I wish the team well in the next stage of their journey." Mr. Delpani said, "We appreciate Chris' dedication and contributions during his 12 years with the Company and we wish him the best in his future endeavors."
Revlon is a global color cosmetics, hair color, beauty tools, fragrances, skincare, anti-perspirant deodorants and beauty care products company whose vision is Glamour, Excitement and Innovation through high-quality products at affordable prices. Revlon(R) is one of the strongest consumer brand franchises in the world. Revlon's global brand portfolio includes Revlon(R) color cosmetics, Almay(R) color cosmetics, SinfulColors(R) color cosmetics, Pure Ice(R) color cosmetics, Revlon ColorSilk(R) hair color, Revlon(R) beauty tools, Charlie(R) fragrances, Mitchum(R) anti-perspirant deodorants, and Ultima II(R) and Gatineau(R) skincare. As a result of its acquisition of The Colomer Group in October 2013, Revlon's global portfolio also includes: Revlon Professional(R), Intercosmo(R), Orofluido(R) and UniqOne(TM) hair care; CND(R), CND Shellac(R) and CND Vinylux(TM) nail polishes; and American Crew(R) men's hair care. Websites featuring current product and promotional information can be reached at www.revlon.com, www.almay.com, www.mitchum.com, www.revlonprofessional.com, www.americancrew.com and www.cnd.com. Corporate and investor relations information can be accessed at www.revloninc.com.
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. 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 belief that these appointments are designed to strengthen the Company's leadership team and to better support and focus its efforts to develop each of the Company's Consumer and Professional divisions. 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 (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 less than anticipated benefits from these appointments, such as less than expected development of the Company's Consumer and/or Professional divisions. Factors other than those listed above could also cause the Company's results to differ materially 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.
CONTACT: Investor Relations & Media:
Elise Garofalo, 212-527-5264
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SOURCE: Revlon, Inc.
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