Physicians Formula CFO to retire
AZUSA, Calif. Physicians Formula has announced the resignation of Joseph Jaeger as CFO due to family reasons. Jeff Berry will succeed him as the interim CFO, effective May 29.
“Joe has been a valuable member of the Physicians Formula management team for the last five years and we appreciate his service to the company,” stated Ingrid Jackel, chairwoman and CEO. “We welcome Jeff as the interim CFO given his proven strategic and financial skills. I have worked with Jeff over the last two years in his capacity as a board member, and he will bring a high level of strategic focus and financial acumen to our company as we navigate through these challenging economic times.”
Berry has been a member of the board since October 2007. He is currently a member of the audit committee, and is also the chair of the compensation committee and the corporate governance and Nominating Committee. Berry will resign from the board while acting as the interim CFO.
Berry was the treasurer and head of strategy and business development for Del Monte Foods until June 2008, when he resigned to work as an advisor to private equity firms in the food and personal care industries. Prior to his experience at Del Monte, he was a management consultant with McKinsey and Company and Bain and Company.
Finnish skin care co. launching repairing cream, serum
NEW YORK Lumene, a beauty brand from Finland, is launching in July its new ExCELLent Future Deep Repairing Cream and ExCELLent Future Deep Repairing Serum.
The products utilize natural stem technology to treat, prevent and delay damage caused by aging and environmental factors. The skin care products feature a formulation called Applexcell, which is a combination of apple stem cell extract and Arctic white peat. Modern apple stem cell extract promises to maintain the skin’s stem cells’ ability to repair damage and works to delay and prevent the signs of aging. Ancient Arctic white peat contains plant sterols that improve the moisture balance of skin and provides skin cells with an optimal environment for maintaining vitality.
The serum is to be applied to the face, neck and eye-contour area before ExCELLent Future Deep Repairing Cream. Both products have a suggested retail price of $29.99 each. They will be available beginning in July at CVS stores, CVS.com and Target.com.
EcoTools launching new bath and body line
NEW YORK EcoTools, which offers a collection of eco-friendly cosmetic brushes, bath, brow and nail accessories, is expanding into the bath and body segment with the June launch of a new line.
The new products will be available at Walgreen stores nationwide and are 98% natural, paraben-free, phthalate-free, dermatologist-tested and cruelty-free.
The line includes:
- Clean Skin, Cleaner World Body Wash for $7.99.
- Sustainable Softness Body Lotion for $7.99.
- One Hand Helps the Other Hand Cream for $7.99.
- Green, Clean, Go Travel Sampler Set (body wash, body lotion, body mist and hand cream) for $9.99. The kit also features a bamboo nail brush.