Colorescience, the mineral-based cosmetics brand, has appointed Steve Loomis as its new Chief Financial Officer.

Mary Fisher, CEO, Colorescience, commented: “I am delighted to welcome Steve to Colorescience after working with him at SkinMedica for three years. He has an impressive track record of managing aggressive revenue growth, while maintaining balance sheet focus. I am confident his strong operating background will be a major contributor to our success.”

In his first year at SkinMedica, Loomis was named “San Diego’s 2011 Private Company CFO of the Year” by The San Diego Business Journal. He led initiatives that resulted in operating cash flow generation for the first time in the company’s history, reducing debt by a third, and returning more than a quarter of invested capital to investors.

“I’m excited to join an all-star team at Colorescience and be part of aggressively growing this extraordinary business. I was impressed with the team and business opportunity when we bought Colorescience eighteen months ago, and am now looking forward to working toward replicating the success we experienced at SkinMedica,” said Loomis.