Revlon’s president and chief executive resigns

Revlon Inc, announced today that Jeffrey M Nugent, its president and chief executive officer who came on board two years ago to spearhead the cosmetic giant’s turnaround, has resigned.

The announcement follows a report today in The Wall Street Journal that chairman Ronald Perelman planned to replace Mr Nugent with Jack Stahl, who left his position last year as president and chief operating officer at Coca-Cola Co.