Debra Perelman has been appointed the first female Chief Executive Officer of Revlon, a company that's majority owned by her billionaire father, Ronald Perelman. Seems to us like it's way past time when a company like Revlon, which caters primarily to women, is run by a woman. Congratulations Debra!
According to CNN Money Perlman has worked at Revlon for over 20 years.
We hope this trend continues because women are underrepresented in the top levels of corporate management. The Fortune 500 only has 24 women CEOs in its ranks, like Mary Barra of General Motors (GM) and Indri Nooyi of PepsiCo. A CNNMoney analysis revealed women hold only 5% of the CEO jobs in the S&P 500.
It's highly ironic that in the beauty industry's top leadership, women are underrepresented. For example, the Estée Lauder Companies (EL) and L'Oréal, two of the largest beauty companies, are still led by men.
What do you think? Do you support efforts to make sure major companies have a higher percentage of female leaders?