Dive Summary:
- Revlon has named a former Colomer Group executive to the new role of president and CEO of the company.
- Lorenzo Delpani will replace current interim CEO David Kennedy, serving with the company since the departure of Alan Ennis.
- In October, Revlon subsidiary Revlon Consumer Products acquired the Colomer Group to the tune of $665 million in cash.
Dive Insight:
"The acquisition of The Colomer Group represents a significant, strategic step forward for Revlon, and this leadership transition ensures that we have highly capable executives to continue to lead the combined company,” said interim CEO David Kennedy. Delpani will take over as the new executive leader for the company going forward but interim CEO David Kennedy will remain onboard as vice chairman of Revlon.
