NEW YORK–(BUSINESS WIRE)–Revlon, Inc. (NYSE: REV) (“Revlon” or the “Firm”) in the present day introduced that Victoria Dolan is retiring because the Firm’s Chief Monetary Officer (“CFO”). Ms. Dolan will stay with Revlon till September 30, 2022 to make sure a easy transition of her tasks.
The Firm additionally in the present day introduced that Matt Kvarda, Managing Director at Alvarez & Marsal, will be part of as interim CFO, efficient October 1. Mr. Kvarda will report on to Debra Perelman, Revlon’s Chief Government Officer (“CEO”).
“I wish to thank Victoria for her large dedication and quite a few contributions over the previous 4 years as a part of our group and I want her all the very best in retirement,” Ms. Perelman mentioned. “We’re lucky to have Matt on board and look ahead to working carefully with him to drive ahead the restructuring course of within the months to come back.”
In his practically 30 years of expertise, Mr. Kvarda has served in interim management roles at quite a few corporations together with as interim CFO at TEAM, Inc. (NYSE: TISI) and interim CFO at Jacuzzi Manufacturers. Since becoming a member of A&M in 2004, he has led all elements of the accounting and finance course of. Previous to becoming a member of A&M, Mr. Kvarda was a Senior Director at KPMG LLP and likewise beforehand held management positions at Arthur Andersen & Co. and Financial institution of America.
About Revlon
Revlon has developed a long-standing popularity as a colour authority and sweetness trendsetter on the earth of colour cosmetics and hair care. Since its breakthrough launch of the primary opaque nail enamel in 1932, Revlon has supplied shoppers with prime quality product innovation, efficiency and complicated glamour. In 2016, Revlon acquired the enduring Elizabeth Arden firm and its portfolio of manufacturers, together with its main designer, heritage and movie star fragrances. At the moment, Revlon’s diversified portfolio of manufacturers is offered in roughly 150 international locations all over the world in most retail distribution channels, together with status, salon, mass, and on-line. Revlon is among the many main international magnificence corporations, with a number of the world’s most iconic and desired manufacturers and product choices in colour cosmetics, skincare, hair colour, hair care and fragrances underneath manufacturers akin to Revlon, Revlon Skilled, Elizabeth Arden, Almay, Mitchum, CND, American Crew, Creme of Nature, Cutex, Juicy Couture, Elizabeth Taylor, Britney Spears, Curve, John Varvatos, Christina Aguilera and AllSaints.
Ahead Trying Statements
This press launch contains “forward-looking statements” inside the that means of the Non-public Securities Litigation Reform Act of 1995. A few of the forward-looking statements on this press launch will be recognized by way of forward-looking phrases akin to “believes,” “expects,” “initiatives,” “forecasts,” “could,” “will,” “estimates,” “ought to,” “would,” “anticipates,” “plans” or different comparable phrases. Ahead-looking statements communicate solely as of the date they’re made and, apart from the Firm’s ongoing obligations underneath the U.S. federal securities legal guidelines, the Firm doesn’t undertake any obligation to publicly replace any forward-looking assertion, whether or not to mirror precise outcomes of operations; adjustments in monetary situation; adjustments in outcomes of operations and liquidity, adjustments normally U.S. or worldwide financial or business circumstances; adjustments in estimates, expectations or assumptions; or different circumstances, circumstances, developments or occasions arising after the date of this press launch. You shouldn’t depend on forward-looking statements as predictions of future occasions. The Firm’s precise outcomes could differ materially from these anticipated in these forward-looking statements on account of sure dangers and different elements, which might embody the next: dangers and uncertainties regarding the Firm’s ongoing Chapter 11 chapter proceedings, together with however not restricted to, the results of the Chapter 11 chapter proceedings on the Firm and on the pursuits of varied constituencies; the result of the chapter petitions normally; the potential adversarial results of the chapter petitions on the Firm’s liquidity or outcomes of operations and elevated authorized and different skilled prices essential to execute the Firm’s reorganization; the circumstances to which the Firm’s debtor-in-possession financing is topic and the chance that these circumstances will not be glad for numerous causes, together with for causes exterior of the Firm’s management; whether or not the Firm will emerge, in complete or partly, from insolvency proceedings as a going concern and different danger elements set forth within the Firm’s Annual Report on Kind 10 Okay and Quarterly Experiences on Kind 10 Q filed with the SEC. The Firm due to this fact cautions readers in opposition to counting on these forward-looking statements. All forward-looking statements attributable to the Firm or individuals appearing on the Firm’s behalf are expressly certified of their entirety by the foregoing cautionary statements.
NEW YORK–(BUSINESS WIRE)–Revlon, Inc. (NYSE: REV) (“Revlon” or the “Firm”) in the present day introduced that Victoria Dolan is retiring because the Firm’s Chief Monetary Officer (“CFO”). Ms. Dolan will stay with Revlon till September 30, 2022 to make sure a easy transition of her tasks.
The Firm additionally in the present day introduced that Matt Kvarda, Managing Director at Alvarez & Marsal, will be part of as interim CFO, efficient October 1. Mr. Kvarda will report on to Debra Perelman, Revlon’s Chief Government Officer (“CEO”).
“I wish to thank Victoria for her large dedication and quite a few contributions over the previous 4 years as a part of our group and I want her all the very best in retirement,” Ms. Perelman mentioned. “We’re lucky to have Matt on board and look ahead to working carefully with him to drive ahead the restructuring course of within the months to come back.”
In his practically 30 years of expertise, Mr. Kvarda has served in interim management roles at quite a few corporations together with as interim CFO at TEAM, Inc. (NYSE: TISI) and interim CFO at Jacuzzi Manufacturers. Since becoming a member of A&M in 2004, he has led all elements of the accounting and finance course of. Previous to becoming a member of A&M, Mr. Kvarda was a Senior Director at KPMG LLP and likewise beforehand held management positions at Arthur Andersen & Co. and Financial institution of America.
About Revlon
Revlon has developed a long-standing popularity as a colour authority and sweetness trendsetter on the earth of colour cosmetics and hair care. Since its breakthrough launch of the primary opaque nail enamel in 1932, Revlon has supplied shoppers with prime quality product innovation, efficiency and complicated glamour. In 2016, Revlon acquired the enduring Elizabeth Arden firm and its portfolio of manufacturers, together with its main designer, heritage and movie star fragrances. At the moment, Revlon’s diversified portfolio of manufacturers is offered in roughly 150 international locations all over the world in most retail distribution channels, together with status, salon, mass, and on-line. Revlon is among the many main international magnificence corporations, with a number of the world’s most iconic and desired manufacturers and product choices in colour cosmetics, skincare, hair colour, hair care and fragrances underneath manufacturers akin to Revlon, Revlon Skilled, Elizabeth Arden, Almay, Mitchum, CND, American Crew, Creme of Nature, Cutex, Juicy Couture, Elizabeth Taylor, Britney Spears, Curve, John Varvatos, Christina Aguilera and AllSaints.
Ahead Trying Statements
This press launch contains “forward-looking statements” inside the that means of the Non-public Securities Litigation Reform Act of 1995. A few of the forward-looking statements on this press launch will be recognized by way of forward-looking phrases akin to “believes,” “expects,” “initiatives,” “forecasts,” “could,” “will,” “estimates,” “ought to,” “would,” “anticipates,” “plans” or different comparable phrases. Ahead-looking statements communicate solely as of the date they’re made and, apart from the Firm’s ongoing obligations underneath the U.S. federal securities legal guidelines, the Firm doesn’t undertake any obligation to publicly replace any forward-looking assertion, whether or not to mirror precise outcomes of operations; adjustments in monetary situation; adjustments in outcomes of operations and liquidity, adjustments normally U.S. or worldwide financial or business circumstances; adjustments in estimates, expectations or assumptions; or different circumstances, circumstances, developments or occasions arising after the date of this press launch. You shouldn’t depend on forward-looking statements as predictions of future occasions. The Firm’s precise outcomes could differ materially from these anticipated in these forward-looking statements on account of sure dangers and different elements, which might embody the next: dangers and uncertainties regarding the Firm’s ongoing Chapter 11 chapter proceedings, together with however not restricted to, the results of the Chapter 11 chapter proceedings on the Firm and on the pursuits of varied constituencies; the result of the chapter petitions normally; the potential adversarial results of the chapter petitions on the Firm’s liquidity or outcomes of operations and elevated authorized and different skilled prices essential to execute the Firm’s reorganization; the circumstances to which the Firm’s debtor-in-possession financing is topic and the chance that these circumstances will not be glad for numerous causes, together with for causes exterior of the Firm’s management; whether or not the Firm will emerge, in complete or partly, from insolvency proceedings as a going concern and different danger elements set forth within the Firm’s Annual Report on Kind 10 Okay and Quarterly Experiences on Kind 10 Q filed with the SEC. The Firm due to this fact cautions readers in opposition to counting on these forward-looking statements. All forward-looking statements attributable to the Firm or individuals appearing on the Firm’s behalf are expressly certified of their entirety by the foregoing cautionary statements.
