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Revlon Announces Rotation of Executive Responsibilities
Posted: January 19, 2006Revlon Inc. announced that Thomas McGuire, the company’s chief financial officer and executive vice president, and David Kennedy, executive vice president and president of international, will rotate their positions and responsibilities, allowing the company to take advantage of the varied experiences and perspectives of two of its most senior executives.
“This is a very positive step for Revlon,” said Jack Stahl, president and CEO, Revlon. “Under Tom’s leadership, our financial strength and flexibility have been significantly enhanced through successful implementation of our comprehensive Sarbanes-Oxley compliance, including enhanced internal controls, as well as our debt-for-equity exchange and debt refinancings. David has successfully strengthened our international management team, reporting structures and controls, and developed and implemented strategies that have restored growth to this key segment of our business.”