revlon inc-class a (REV) Key Developments
Revlon, Inc. Elects Cristiana Falcone Sorrell as a Director
Dec 13 13
On December 12, 2013, the Board of Directors of Revlon, Inc. elected Ms. Cristiana Falcone Sorrell as a Director of the company, effective as of the Board's next regular meeting, which is expected to be held during the first week of March 2014. With the election of Ms. Falcone Sorrell, the company's Board of Directors will be comprised of fourteen members, nine of whom constitute independent Directors under NYSE and SEC standards. Ms. Falcone Sorrell is currently Senior Adviser to the Chairman at the World Economic Forum. In addition, she serves as Principal Consultant, Office of Outreach and Partnership for the Inter-American Development Bank.
Revlon, Inc. Announces David L. Kennedy Retired as Executive Vice Chairman of the Board of Directors, Effective November 18, 2013
Nov 22 13
Revlon, Inc. announced that David L. Kennedy retired as executive Vice Chairman of the Board of Directors of the company and its operating subsidiary, Revlon Consumer Products Corporation (RCPC and together the Company), and stepped down from his position on the Executive Committee of RCPC’s Board of Directors, in each case effective as of November 18, 2013.
Revlon, Inc. Announces Executive Changes Effective November 1, 2013
Oct 31 13
Revlon, Inc. announced that its Board of Directors elected Lorenzo Delpani as the company's President and Chief Executive Officer, effective November 1, 2013. Mr. Delpani replaces David Kennedy, who served briefly as the company's Interim Chief Executive Officer and who will continue to serve as the company's Vice Chairman. Mr. Delpani was also appointed to serve as a member of the company's Board of Directors. Prior to joining the company as part of its recent acquisition of The Colomer Group, Mr. Delpani served as TCG's Chief Executive Officer since May 2007. Before he joined TCG, Mr. Delpani served in senior executive positions at Reckitt Benckiser plc, including responsibility for South Western Europe and for new product initiatives and e-business. Prior to Reckitt Benckiser, Mr. Delpani held senior marketing and executive positions of increasing scope and responsibility with Johnson & Johnson and The Procter & Gamble Company.
Revlon, Inc., Board Meeting, Oct 23, 2013
Oct 28 13
Revlon, Inc., Board Meeting, Oct 23, 2013. Agenda: To approve the elimination of the Series A Preferred Stock.
Revlon, Inc. Provides Financial Guidance for the Year 2013
Oct 24 13
Revlon, Inc. provided financial guidance for the year 2013. Capital expenditures for the full year 2013 are expected to be approximately $25 million. Cash flows for the full year 2013, consistent with historical practice, following a certain 2013 cash flow information, none of which has changed from the guidance provided during last call.