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.
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 investment firm, MacAndrews & Forbes. Revlon is a $2.3 Billion company, and its’ portfolio includes the popular Revlon drug store cosmetic brand as well as the cosmetics lines Elizabeth Arden and American Crew.
Diversity can be a driver for financial gain
This is a significant appointment for a woman in corporate industry. There is still a vast underrepresentation of females in C-level roles across industries. It was widely noted at recent tech-related Meetup events in Europe that women account for just 22% of participants on average. Even more of a concern is that there are only 24 female CEOs within the Fortune 500, less than 5% of that cohort. Companies should take notice of Revlon’s management changes, as organizations looking to retain and grow their business in this time of uncertainty and change should better leverage the power of diverse leadership, and the creativity and agility that come with it. A female CEO is just one example of embracing a diverse leadership team. Some of the largest companies could also benefit from a female leader at the helm or an individual regardless of their gender from an ethnic minority, or one with broad multi-cultural experience – there are many elements of diversity and we hear more research around diversity feeding creativity and innovation.
At Hyper Island, we understand the power of diversity and that business success happens when an organization gives room and enables employee acceptance for diversity to become part of the corporate culture.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.