Revlon hires Ralph Lauren President Chris Peterson as COO
Peterson joined Ralph Lauren in 2012 as SVP and CFO, and he most recently served as President, Global Brands, where he was responsible for overseeing the company’s Global Brand Presidents, Chief Financial Officer, Investor Relations, Information Technology and Real Estate. He also served as EVP, Chief Administrative Officer and CFO from 2014 to 2015.
In his new role as COO of Revlon, Peterson will oversee the company’s global supply chain, finance and IT functions. He will also report to Revlon President & CEO Fabian Garcia.
Garcia said, "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. 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.”
Peterson’s appointment follows the hiring of Allure founder Linda Wells in February as Chief Creative Officer and the appointment of Serge Jureidini in March as President of Elizabeth Arden. The new hires are a result of the company’s new brand structure that is centered on enhancing the brand equity of Revlon, Elizabeth Arden, Fragrances and Portfolio Brands. The company expects to achieve $5 billion in sales within five years due to the restructuring plan.
“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,” said Peterson. “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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