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Revlon Names Colgate Executive Fabian Garcia as Its Next CEO

Photographer: Daniel Acker/Bloomberg
Updated on

Revlon Inc. named Fabian Garcia as its next chief executive officer, turning to a Colgate-Palmolive Co. veteran to revamp the cosmetics company.

Garcia, 56, will take the reins on April 15 and serve on Revlon’s board, the New York-based company said in a statement Monday. Investors reacted coolly to the move, which may have tamped down speculation that Revlon will be a takeover target. The stock declined 3.8 percent on the news.