Kimberly-Clark announces executive moves
DALLAS — Personal care company Kimberly-Clark, whose portfolio includes Kotex, has announced executive changes designed to further enhance its focus on executing its global business plan and driving global expansion.
Elane Stock, group president of Kimberly-Clark Professional, has been elected group president of K-C International, and is succeeding Christian Brickman, who has announced his intent to pursue a senior executive officer position outside of K-C.
Kim Underhill, currently president of K-C’s European consumer business, has been elected president of KCP.
In addition to these executive appointments, K-C’s global nonwovens operations and sustainability, safety and continuous improvement teams will now report to Mike Hsu, group president for K-C’s North American consumer business. These teams previously reported to Stock. The European consumer business will now report to Gustavo Calvo Paz, who will become president of Europe, Middle East and Africa. Calvo Paz currently leads K-C’s business in Eastern Europe, the Middle East and Africa.
Stock joined K-C in 2010 and served as the company’s chief strategy officer prior to her role in KCP. Before joining Kimberly-Clark, she served as national VP at the American Cancer Society, and previously was a regional manager of Georgia Pacific’s (Koch Industries) Color Box business. She also held progressive management positions at McKinsey and Co. both in the United States and Ireland.
Underhill is a 26-year veteran of K-C who joined the company in 1988. She recently led the development and execution of the company’s European strategic changes, which involved the exit of certain low-returning businesses and a re-focus on driving growth behind K-C’s strongest positions and opportunities in Europe. Prior to her Europe role, she was VP of K-C’s consumer business in the United Kingdom and Ireland from August 2009 until September 2011, and also has served in various marketing, supply chain and research and engineering roles in the North American consumer businesses.
All of these changes are effective April 1. Hsu, Stock and Underhill will report to Falk. Calvo Paz will report to Stock.
Galderma launches new Cetaphil Gentle Skin Cleansing Cloths
FORT WORTH, Texas — Galderma Laboratories, the maker of Cetaphil cleansers and moisturizers, has developed the new Cetaphil Gentle Skin Cleansing Cloths.
The formula, based on the classic Cetaphil Gentle Skin Cleanser, is now infused within cloths to leave skin feeling fresh and clean.
Available in 25-count packs, the Gentle Cleansing Cloths work to remove dirt and makeup from the most sensitive skin types without stripping the skin of its natural protective oils and emollients. In addition, the snap-to-close packs help ensure the product won’t dry out.
"With [more than] 60 years of sensitive skincare experience, we wanted to provide a way for our consumers to take a gentle but powerful cleansing solution like Cetaphil Gentle Skin Cleanser with them wherever they go," said Leah Herrington, director OTC marketing. " It’s important that we adapt to the ever-changing nature of our customer’s hectic lifestyle."
Revlon U.S. sales swing to a loss in Q4
NEW YORK — Beauty company Revlon announced on Wednesday that fourth-quarter sales rose 28%, benefiting from the inclusion of sales at the Colomer Group, which it acquired in October.
Net sales for the quarter totaled $491 million, up 28% compared with $383.5 million in the year-ago period. On a foreign currency fluctuations or XFX basis, total net sales rose 31.2%, benefiting from the inclusion of $116.8 million of net sales related to the Professional segment beginning on The Colomer Group acquisition date. Excluding the acquisition, total net sales rose 0.7% on an XFX basis.
Net loss for the quarter was $33.1 million, compared with a gain of $46.5 million in the year-ago period.
In the United States, the company posted a decrease in net sales of 0.3% to $218.6 million. Lower sales of Almay color cosmetics were offset by higher net sales of Revlon color cosmetics, Revlon ColorSilk hair color and Revlon Beauty Tools.
For full-year 2013, net sales were $1.50 billion, up 7%. On an XFX basis, total net sales rose 9.6% for the year, benefiting from the inclusion of net sales related to the Professional segment beginning on The Colomer Group acquisition date, as well as a full year of Pure Ice sales.
For full-year 2013, the company posted a loss of $5.8 million, compared with a gain of $51.1 million in the year-ago period.
“We successfully completed our transformational acquisition of The Colomer Group on October 9, 2013, reuniting the global Revlon brand and expanding Revlon back into the professional channel. Since the acquisition, we have taken further actions to strategically move the combined business forward. We finalized our integration plan, announced our plans to realize annualized cost reductions related to integrating TCG of up to $35 million by the end of 2015, and began to take actions to achieve these benefits. Also, in December 2013 we announced the exit of our business operations in China, which is expected to generate additional annualized cost reductions of $11 million. Given the transformational nature of our TCG acquisition and our overall cost reduction opportunities, the primary focus for us in 2014 will be the successful execution of these programs to achieve the combined synergies,” said Revlon president and CEO Lorenzo Delpani.