The step up from COO to CEO may have only taken a few months, but it has been a 20-year journey in total for Debra Perelman.
“She’s qualified,” said the spokesperson for Revlon. “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.”
Debra became a board member at Revlon in 2015. She went on to fill the roles of Executive Vice President and Head of New Business via her father’s investment firm, MacAndrews & Forbes. Ronald Perelman purchased Revlon in 1985 and now owns approximately 87% of the beauty giant – whose portfolio includes the cosmetics lines Elizabeth Arden and American Crew.
Diversity can be a driver for financial gain
This is a significant appointment for women in corporate industries. There is still a vast underrepresentation of females in C-level roles as women account for just 22% of participants in tech-related Meetup events in Europe. Even more of a concern is that there are only 24 female CEOs within the Fortune 500. The beauty industry specifically, is a very male-led industry. Women are also lacking representation within leadership roles. For example, L’Oréal, OPI Nail Polish, and MAC Cosmetics—some of the largest beauty companies—all have men in the top leadership roles.
At Hyper Island, we understand that successful business happens when giving room for diversity and individuality. Did you know that companies in the top quartile for gender diversity are 15% more likely to have financial returns above their respective national industry medians?
We know that closing the gender gap by promoting diversity within your organization is easier said than done. That’s why Hyper Island New York is hosting a diversity and leadership course at our New York event, Inclusive Leadership: Diversity.
When: Thursday, 26 September 2019 from 18:00-21:00 EDT
Where: 900 3rd Avenue, New York, New York 10022
Click here to find out learn how to have fun reaching your business goals by maximizing the value and satisfaction of your increasingly diverse workforce.