E. Edward Kavanaugh plans to retire as president of the Cosmetic, Toiletry and Fragrance Association around the middle of 2005 and Carolyn J. Deaver is expected to step down as vice president of the CTFA Foundation about the same time. The timing of their respective retirements was incorrectly given in an article that appeared on Friday, Sept. 17.

This story first appeared in the September 21, 2004 issue of WWD. Subscribe Today.