Now that the Elizabeth Arden acquisition is complete, Revlon chief financial officer Juan Figuereo is leaving the business.
Figuereo is retiring, according to a statement from Revlon. He joined the business in April 2016, about the same time as Revlon chief executive officer Fabian Garcia, and played a key role in the Arden acquisition.
Revlon chief operating officer of operations Chris Peterson will take over Figuereo’s cfo duties. Before joining Revlon, Peterson worked in senior executive positions at Ralph Lauren, including recently as president of global brands and chief financial officer. There, he oversaw the company’s global brand presidents, investor relations, information technology and real state. Peterson also spent 20 years at Procter & Gamble in management and financial positions.
Peterson was appointed as chief operating officer in April.
You May Also Like
“I’d like to thank Juan for his contributions and leadership throughout the successful acquisition of Elizabeth Arden and the early stages of its integration,” said Garcia. “Our integration is on track and, as we have reported, exceeding our initial synergy expectations. We are excited to have Chris take on the cfo role in order to continue this momentum as we execute on our strategy to drive long-term growth.”
Following the Arden acquisition, Garcia reorganized Revlon to focus on brands rather than channels of distribution. The company has added several players as others have left — Serge Jureidini was appointed president of Elizabeth Arden and the company’s Global Fragrances division as JuE Wong, previously the president of Arden, and George Cleary, former president of Fragrances, left the business. Allure magazine founder Linda Wells also joined the business as chief creative officer.
More From WWD: