Former Alberto Culver finance chief heads to Cigna
PHILADELPHIA and BLOOMFIELD, Conn. — Global health services company Cigna has hired former Alberto Culver executive Ralph Nicoletti to serve as EVP and CFO, effective June 20.
Nicoletti assumes executive leadership responsibility for all of Cigna’s financial operations and functions, as well as for Cigna’s investment management and strategic planning units. He will be based in Bloomfield, Conn.
Most recently, Nicoletti served as EVP and CFO of Chicago-based Alberto Culver, a manufacturer and marketer of personal care and household brands that recently was acquired by Unilever Group. He began his career in 1979 with General Foods, which was acquired by Altria and later combined with Kraft Foods, where he held a number of accounting, finance and auditing roles of increasing responsibility, attaining the position of SVP corporate audit in March 2006. In February 2007, he became SVP and CFO of Alberto Culver and then was promoted to EVP in August 2009.
Nicoletti will succeed Thomas McCarthy, who was named acting CFO in September 2010. McCarthy will assume the position of VP finance.
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Philosophy gets customized with CafePress
SAN MATEO, Calif. — CafePress, a customization engine that enables individuals, nonprofits and businesses to create, buy and sell customized merchandise online, has teamed up with beauty brand Philosophy to offer customized bath and body gifts.
Philosophy joins CafePress’ roster of brands as the first skin care and cosmetic brand to provide its consumers with ways to "co-create" their products.
"CafePress’ customization capabilities have been employed by numerous brands across a variety of categories to bolster the connection between their loyal consumer base and the products they love," stated Abdul Popal, CafePress SVP business and corporate development. "Our partnership with philosophy allows us, for the first time, to extend our customization engine into the beauty industry, a marketplace that has some of the most loyal customers imaginable."
At launch, the CafePress design tool allows philosophy customers to customize the packaging on three of philosophy’s signature shower gel scents: Amazing Grace, Pure Grace and Falling in Love. Customers select from the design templates and add a personal message. Shoppers also can purchase CafePress merchandise ranging from T-shirts and Sigg water bottles to iPad cases inscribed with Philosophy’s inspirational messages.
Customized products can be a great tool and to offer customization more than just packaging is a great option. We offer customized glass pottery products which can be customized completely along with logos and taglines. Handmade in the USA using melted recycled glass bottles! Visit us online at www.palomapottery.com/catalog/
Pola Orbis to strengthen business with H2O Plus acquisition
TOKYO — Japanese cosmetics company Pola Orbis Holdings plans to acquire H2O Plus, a privately held developer, manufacturer and marketer of prestige, branded marine-based natural skin care products for the face and body.
Headquartered in Chicago, H2O Plus is majority-owned by investment companies Cordova, Smart & Williams and New MainStream Capital, as well as Robert Seidl and other members of senior management.
The transaction is subject to customary regulatory approvals and is expected to close in July.
Pola Orbis aims to accelerate its growth in global markets and achieve consolidated sales of $3 billion by 2020, an operating margin that is among the top in the industry (13% to 15%) and an overseas sales percentage of 20%, and to realize its long-term vision of becoming a "highly profitable global enterprise," the company said.
H2O Plus has a global footprint, with more than 2,000 prestige retail points of distribution in 22 countries, including North America, Asia and an expanding presence in Europe and Latin America. According to Pola Orbis, H2O Plus will strengthen its global business base, and Pola Orbis expected synergies through the integration of Pola Orbis’ strengths in research and development and marketing while capitalizing on H2O Plus’ brand concept and retail distribution channels via local distributors.
"H2O Plus has a sharp brand identity and adds a distinct uniqueness to the Pola Orbis portfolio of seven brands. Pola Orbis targets to increase its presence in global markets in the mid-term management plan, and we believe a partnership with H2O Plus will be mutually beneficial," Pola Orbis president and CEO Satoshi Suzuki said. "Pola Orbis will build a shared relationship with H2O Plus through communication, and we are confident in H2O Plus’ further growth through an integration of Pola Orbis’ expertise in R&D, marketing and management."
"H2O Plus is delighted about its new alliance with Pola Orbis, which brings a rich history of successful management and strong investment in research and development," Seidl said. "Our new partnership with Pola Orbis will accelerate the growth of the H2O Plus brand in the world’s largest and fastest-growing skin care markets."
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