In the midst of announcing Revlon’s annual results for 2015, corporate president and CEO Lorenzo Delpani told the Board of Directors that he plans to step down from his position on March 1, citing personal reasons. He will continue to serve on the company’s Board of Directors and as a paid advisor.
 
“It has been a pleasure and privilege to lead this extraordinary company during a period of transformation and growth,” said Delpani. “It has been my mission to continue Revlon’s industry leading commitment to quality and innovation and it is the Revlon team’s relentless drive towards those goals that has paved the way for our current and future success. I want to thank all my good friends and colleagues at Revlon and MacAndrews & Forbes for their hard work and support, and I look forward to continuing our partnership to grow the company we love,” he said.
 
Highlights for the fourth quarter and year ended December 31, 2015 included corporate net sales of $521.9 million in the fourth quarter of 2015, a growth of 4.2% over the prior year quarter. For the year, total net sales were over $1.9 million in 2015, a decline of 1.4%.
 
Delpani commented: “2015 ended with a very successful fourth quarter for both our Consumer and Professional segments. The company has reinvigorated our key brands and increased our profitability. At the same time, we successfully integrated the Colomer business into the combined company and reduced our cost base. The company has built strong momentum, we are in a more competitive position, and we have more resources to invest in our brands.”