Revlon appoints Debra Perelman its first female CEO in its 86 years of selling to women.
Debra Perelman has been appointed the first female Chief Executive Officer of Revlon, a company that’s majority owned by her billionaire father, Ronald Perelman.
First Female CEO of Revlon
“It’s a good time for the company to be led by a woman,” she said in a statement to CNNMoney. “This is another first for the company and I’m honored and humbled.”
Perelman, 44, takes the helm as CEO and president of Revlon just months after she was appointed Chief Operating Officer in January. She has worked at Revlon for 20 years.
A spokesperson for Revlon (REV) said nepotism was not a factor in her ascension to CEO.
“She’s qualified,” said the spokesperson. “I also think she got that benefit, that she did learn from [her father]. He’s been a mentor to her and he respects her.”