Revlon Inc.’s chief operating officer is leaving the company.
Gianni Pieraccioni is leaving his position with the business, effective immediately “to pursue other interests,” according to a filing with the U.S. Securities and Exchange Commission. A spokeswoman for Revlon declined to comment further on Pieraccioni’s job plans.
Pieraccioni has been with Revlon since 2014, and became chief operating officer in March 2016, before the company’s acquisition of Elizabeth Arden. In January, he was appointed coo of markets, overseeing geographic regions within the company.
Revlon reorganized itself earlier in 2017 after buying Elizabeth Arden into brand divisions instead of channel divisions. As part of that process, it also created five areas of geographic focus: North America, Europe, the Middle East and Africa, Asia-Pacific and Latin America — all of which reported to Pieraccioni.
“We want to become a beauty company that plays in the top 10 of beauty companies around the world,” Pieraccioni said in January.
The organization has had a lot of personnel turnover. In June, chief financial officer Juan Figuereo retired from the business after roughly a year there. Since his departure, coo Chris Peterson has overseen cfo duties. Peterson was hired from Ralph Lauren and joined Revlon in April.
Several other players have come and gone from Revlon since the Arden deal closed. 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. Wong landed as chief executive officer of Moroccanoil. Allure magazine founder Linda Wells also joined the business as chief creative officer.
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