STREAMING NOW: Watch Now

Revlon names its first female CEO in its 86-year history

Debra Perelman has been appointed the first female Chief Executive Officer of Revlon, a company that's majority owned...

Posted: May 23, 2018 6:34 PM
Updated: May 23, 2018 6:34 PM

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.

"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.

Related: This is what women have to do to become CEO

A spokesperson for Revlon 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."

Ronald Perelman purchased Revlon in 1985 through his investment firm MacAndrews & Forbes, which now owns about 87% of Revlon. Revlon's brands include the cosmetics line Elizabeth Arden.

Revlon has been struggling financially. The company reported a loss in its most recent quarter, and sales were down compared to a year earlier.

Debra Perelman started working at Revlon in 1998 and became a member of the Revlon board in 2015. She has also worked for Revlon as executive vice president and head of new business development for its holding company, MacAndrews & Forbes.

Related: Here are the women in charge

Women are underrepresented in the top levels of corporate management. The Fortune 500 only has 24 women CEOs in its ranks, like Mary Barra of General Motors and Indri Nooyi of PepsiCo. Revlon is not in the Fortune 500.

A CNNMoney analysis showed that women hold only 5% of the CEO jobs in the S&P 500.

Women are also underrepresented in the beauty industry's top leadership. The Est-e Lauder Companies and L'Or-al, two of the largest beauty companies, are led by men.

Minnesota Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 86722

Reported Deaths: 1994
CountyConfirmedDeaths
Hennepin25264915
Ramsey10267314
Dakota6942124
Anoka5531131
Stearns362923
Washington345955
Scott232532
Olmsted223726
Nobles191416
Blue Earth15406
Wright14777
Carver13037
Rice12798
Mower12534
St. Louis123329
Clay119940
Sherburne105013
Kandiyohi9082
Winona72718
Lyon6244
Steele5062
Freeborn4903
Nicollet48716
Watonwan4844
Benton4793
Todd4722
Le Sueur4403
McLeod4332
Chisago4151
Waseca4118
Crow Wing40218
Otter Tail3674
Beltrami3624
Goodhue3179
Martin2809
Polk2574
Itasca25513
Becker2352
Carlton2261
Isanti2210
Douglas2191
Cottonwood2130
Pipestone2059
Pine1980
Morrison1841
Chippewa1821
Dodge1820
Sibley1663
Wabasha1640
Brown1582
Unassigned15752
Meeker1552
Murray1492
Yellow Medicine1421
Rock1390
Mille Lacs1333
Faribault1290
Cass1203
Jackson1201
Renville1176
Pennington1071
Houston1050
Roseau1050
Swift991
Fillmore980
Koochiching983
Kanabec958
Lincoln930
Redwood910
Stevens911
Pope810
Aitkin691
Hubbard650
Big Stone640
Wadena610
Grant574
Wilkin553
Norman510
Lake480
Marshall481
Mahnomen441
Red Lake370
Lac qui Parle360
Traverse290
Clearwater240
Lake of the Woods201
Kittson130
Cook60

Iowa Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 76924

Reported Deaths: 1241
CountyConfirmedDeaths
Polk14988255
Johnson490727
Woodbury475459
Black Hawk425184
Linn3640102
Story321417
Dallas263238
Scott261427
Dubuque251840
Buena Vista191812
Pottawattamie189437
Marshall175234
Sioux12243
Wapello122057
Webster117914
Muscatine105152
Clinton102418
Cerro Gordo97721
Plymouth97520
Crawford9444
Warren9186
Jasper72032
Des Moines7137
Marion6874
Tama67830
Carroll6085
Lee5727
Wright5491
Henry5104
Dickinson4666
Bremer4497
Boone4346
Washington41411
Louisa41314
Franklin33017
Hamilton3123
Mahaska30919
Delaware3053
Jackson2803
Floyd2793
Winneshiek2745
Clay2663
Hardin2661
Benton2611
Clarke2533
Butler2512
Winnebago24711
Emmet24210
Shelby2381
Allamakee2355
Jones2313
Poweshiek2308
Clayton2243
Lyon2233
Buchanan2181
Cedar2101
Guthrie2095
Chickasaw1970
Kossuth1950
Grundy1932
Madison1922
Howard1764
Sac1760
Fayette1751
Iowa1741
Cherokee1732
Mitchell1720
Hancock1702
Humboldt1682
Harrison1642
Calhoun1612
Mills1541
Pocahontas1492
Palo Alto1480
Monroe1409
Page1400
Jefferson1291
Lucas1296
Cass1262
Monona1251
Taylor1171
Appanoose1163
Osceola1130
Union1123
Davis1104
Van Buren1081
Worth990
Keokuk841
Montgomery845
Greene790
Ida770
Wayne762
Fremont730
Adair591
Decatur580
Audubon501
Ringgold402
Adams270
Unassigned160
Rochester
Clear
56° wxIcon
Hi: 62° Lo: 44°
Feels Like: 56°
Mason City
Clear
59° wxIcon
Hi: 65° Lo: 45°
Feels Like: 59°
Albert Lea
Clear
57° wxIcon
Hi: 61° Lo: 45°
Feels Like: 57°
Austin
Clear
59° wxIcon
Hi: 62° Lo: 45°
Feels Like: 59°
Charles City
Few Clouds
59° wxIcon
Hi: 63° Lo: 46°
Feels Like: 59°
Cooler to wrap up the work week
KIMT Radar
KIMT Eye in the sky

Community Events