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Revlon’s latest leadership change advances company-wide reorganization

By Deanna Utroske

18-Apr-2017
Last updated on 18-Apr-2017 at 18:50 GMT2017-04-18T18:50:06Z

Early this year the global beauty and fragrance company announced plans for a complete reorg, following its 2016 acquisition of Elizabeth Arden. Now the company has hired a chief operating officer with a track record of restructuring.

At the Ralph Lauren Corporation, where he was most recently president of global brands, Chris Peterson “led restructuring of the company from geographic structure to global brand based organization including hiring and forming global brand teams, developing global brand strategies and restructuring the design, merchandising and assortment planning process,” according to his LinkedIn page.

It’s an operations update that, he asserts, “delivered over $125 million in annual cost savings in the first year of the program.”

More of the same

Now, as of Monday April 17, Peterson is chief operating officer, operations, at Revlon where he’ll be heading up a similar restructuring .

As the company press release announcing the hire puts it, “Peterson will be responsible for overseeing the Company’s Global Supply Chain, Finance and IT functions.” He will be reporting directly to Fabian Garcia, Revlon’s president and CEO.

“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,” notes Garcia in the company release.

“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,” he adds.

Looking forward

Peterson’s experience with Ralph Lauren extends further than his recent global brands role. Before that he served as chief financial officer of the company, a position that grew to include duties in investor relations, information technology, and real estate while Peterson was there.

Beyond Ralph Lauren, Peterson has held numerous financial executive roles at P&G, where he worked for some 20 years starting in 1992.

In Revlon, Peterson is gald to have a next project: “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,” he tells the press. “I look forward to working with Fabian and Revlon’s leadership team to drive growth and value creation for all stakeholders.”

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