In the middle of a fateful situation for the American cosmetic giant, where the losses of Revlon in the second quarter increases, and the sales diminish, Revlon has decided to relieve to Victoria Dolan by retirement. Matt Kvarda Is the elected to make the functions of Dolan and will install in the charge on 1 October, as it has informed the CEO of Revlon, Debra Perelman.
Kvarda has experience in places of responsibility, since it was Senior Chief at the brand of accounting Big Four KPMG. He arrives to Revlon from Alvarez & Marsal, that is a global signature of professional services that devotes to the management of changes and the improvement of the performance of a series of big companies and of high profile in the United States.
The CEO of Revlon, Perelman, has expressed her gatritude to Victoria for the time devoted to the company and his efforts by revert the so feeble situation in which it finds today Revlon: "I want to thank Victoria for her tremendous dedication and numerous contributions over the past four years as part of our team and wish her all the best in retirement".
Debora Perelman deposits all his confidence in Marc, as it has expressed in the press release: "Have the luck to have to Matt on board and expect to work closely with him to promote the process of restructuring in the next months".
The true is that Matt Kvarda has in front of himself same a challenge that, definitely, will be difficult to overcome. Besides, the last data neither invite to the hope: the last contributions in stock exchange of Revlon of the past 9 August signalled an increase of the losses in the second quarter that went accompanied of a drecrease of the sales. And it is that, besides the news coincides with the negative financial results for Revlon in the second quarter: they finalised on 30 June 2022, with a decrease of the 11 % in the net sales to $442,5 millions .