Colgate exec to be next CEO at Revlon

NEW YORK -- A Colgate-Palmolive veteran will take over leadership of Revlon just a month after its former CEO stepped down for personal reasons.

Revlon Inc. announced Monday that its board of directors has elected Fabian T. Garcia as president and CEO effective April 15. Fabian was also appointed to serve as a member of Revlon’s board, as well as the board of Revlon’s wholly owned operating subsidiary, Revlon Consumer Products Corp.

"I want to welcome Fabian as Revlon’s president and CEO. Fabian has demonstrated a long track-record of success at Colgate in terms of driving growth and profitability, and in successfully leading and expanding global organizations," said Ronald O. Perelman, chairman of Revlon. "He has the global strategic, marketing, sales, financial and operational leadership experience to successfully lead Revlon into the future.”

Over the last 13 years, Fabian has served in a number of leading roles at the Colgate-Palmolive Company, including leading the company’s businesses in Asia-Pacific, Eurasia, Latin America, and most recently, Europe and the Hills Pet Nutrition business. As COO of Global Innovation and Growth, Fabian had responsibility for Colgate-Palmolive’s growth strategy, consumer and customer innovation, and operational productivity strategies and plans. Fabian also led the company's innovation strategy, focusing on new business models, core categories, and emerging business opportunities.

Prior to Colgate-Palmolive, Fabian worked at the Timberland Company managing Timberland’s International operations.

Garcia is taking over at Revlon after Lorenzo Delpani stepped down late last month. That news came about a month after Perelman said he would seek alternatives for the company.