Manufacturing Industry
Jack Stahl calls it a day at ailing Revlon.(resignation of Jack Stahl)(Brief article)
Cosmetics International, September, 2006
Revlon president and ceo Jack Stahl has resigned. He joined the struggling US cosmetics company four years ago having previously worked his corporate magic as president of The Coca-Cola Company. However, the expected turnaround in Revlon's fortunes never fully materialised.
Stahl is succeeded immediately by a former Coca-Cola colleague David Kennedy who takes over the role from his position as Revlon's executive vp, chief financial officer and treasurer.
Stahl leaves Revlon at a difficult time for the company's finances which continue to struggle this year with a further $100m being added to an existing $700m credit agreement, plummeting share prices, crisis for the new Vital Radiance Brand (including $20m in returned products) and second quarter net...
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