Revlon Group Holdings LLC announced that Elizabeth (Liz) A. Smith has been appointed Interim Chief Executive Officer of the Company, effective immediately. Ms. Smith has served as Executive Chair of the Revlon Board of Directors since May 2023 and will continue in that role. Ms. Smith previously served as Executive Chairman and Chief Executive Officer of Bloomin?
Brands, Inc., Chair of the Federal Reserve Bank of Atlanta, and President of Avon Products, Inc. Debra Perelman is stepping down from her role as President and Chief Executive Officer and as a member of the Board, and will serve as an advisor to the Company for a transition period. In May of this year, Revlon emerged from a financial restructuring with approximately $236 million of liquidity, funded through an equity rights offering, a new money senior secured credit facility, and new asset-based loans. Revlon also formed a new Board comprised of accomplished senior executives with significant consumer, retail, and beauty sector experience and operational expertise.