Perelman's Daughter Takes Senior Revlon Role After CEO Departs
- Company names Debra Perelman as chief operating officer
- Fourth-quarter deficit widened to as much as $80 million
Fabian Garcia
Photographer: Christopher Goodney/BloombergThis article is for subscribers only.
Revlon Inc. appointed Debra Perelman -- the daughter of chairman and largest investor Ron Perelman -- as chief operating officer in the wake of Chief Executive Officer Fabian Garcia’s departure.
The shake-up marks less than two years in the job for Garcia, a Colgate-Palmolive Co. veteran who laid out plans to reach $5 billion in annual sales within five years. (Revenue is currently less than $3 billion.)