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THE WHAT? Because it emerges from Chapter 11 proceedings, Revlon has introduced a brand new Board of Administrators, efficient on the day its chapter wraps – which is anticipated imminently. Elizabeth A Smith has been named Government Chair whereas President and CEO Debra Perelman will proceed in her position and stay on the Board.
THE DETAILS Additional Board Members embody Sephora’s former World President and CEO, Martin Brok; Timothy McLevish, former CFO at Walgreens Boots Alliance; Hans Melotte, former President of Starbucks World Channel Improvement; and Paul Pressler, Chairman of the eBay Board of Administrators.
THE WHY? Perelman commented, “Bringing collectively this completed group of people for the good thing about all our stakeholders is a testomony to the power of our manufacturers and future development potential of the Firm. Upon emergence, we could have the capital construction and monetary assets essential to speculate for the long run, serve our loyal prospects with high-quality magnificence merchandise they know and love, and introduce our beloved manufacturers to the following technology of Revlon customers world wide.”
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