CEO Monthly Issue 7 2018

CEO MONTHLY / ISSUE 7 2018 5 , Milani Cosmetics (Milani Group LLC), a leading “masstige” beauty company, an- nounces Grace Ray as Chief Executive Officer, ef- fective July 31, replacing current interim CEO, Michelle Taylor, who will move into the Chairman of the Board role at the Company. Ms. Taylor replaces Dennis O’Brien, Partner at Gryphon Investors, who served as interim Chairman after Gryphon acquired a major- ity stake in Milani in June of this year. Grace Ray is an accomplished executive within the beauty in- dustry. She most recently served as CEO of haircare company, Living Proof, where she oversaw and executed dramatic growth in brand awareness, sales, and profitability. Ms. Ray played an integral role in Living Proof’s sale to Unilever, in 2016. Ms. Ray has also held senior leadership po- sitions at Smashbox Cosmetics and L’Oréal. “We are delighted to have Grace join Milani Cosmetics as CEO. She brings extraordinary experi- ence to the team and has a suc- cessful track record of steward- ing private companies towards achieving their growth potential and transforming them into highly desirable brands,” says Ms. Tay- lor. “Her background with both cosmetics and beauty business- es gives her an important knowl- edge base of the levers required for growth in a modern makeup brand. “I am thrilled to have the oppor- tunity to guide this fast-growing indie brand and build upon its al- ready proven successes and rep- utation for creating high-quality makeup for discerning multi-cul- tural consumers. Milani is smart- ly positioned in the fast-growing ‘masstige’ category where we can offer high quality and good value without having to compromise on either. This is exactly what con- sumers want today. It is important that we continue to introduce new innovations, enforce our strong retailer relationships, invest in consumer pull, and grow our in- ternational markets,” says Ms. Ray. The Milani Cosmetics team is looking forward to the next chap- ter of the company’s evolution and expansion with Ms. Ray at the helm. Former owners and current stakeholders, Ralph Bijou and Laurie Minc, who took part in the selection process alongside Gryphon Investors, are excited to have an accomplished industry expert, such as Ms. Ray, lead the brand to new heights of success. Multi-Health Systems Inc. (MHS) recently announced that Hazel Wheldon has been appointed as Chief Executive Officer of MHS, effective as of July 20, 2018. Founder and previous CEO of MHS, Dr. Steven Stein will con- tinue as the Founder & Executive Chairman of MHS. “MHS is excited to announce Hazel as the new CEO. Hazel has been an integral part of the leadership team for many years and it is a natural fit for her to lead us into the future,” says Dr. Steven Stein, Founder and Exec- utive Chairman. “We have been continually growing over the last 35 years, and I know Hazel will continue to push innovation and change to ensure the progress of the company and capitalise on the opportunities in front of us. Hazel can translate vision and strategy into execution, bringing teams together to drive results. Hazel is exactly the person we need as we enter this new chap- ter of MHS and I am confident it will be even more impactful and exciting than our last.” Wheldon joined MHS in 2003 as the VP of Publishing and quickly became an invaluable asset to the organisation. Wheldon focused MHS’ product develop- Milani Cosmetics Announces Grace Ray as CEO Announcementmarks next chapter of brand growth. ment on high key value products in Talent, Clinical, Education and Public Safety. In 2014, Wheldon assumed the role of President and COO, working diligently to increase MHS’ global presence. Leading the digital strategy, Whel- don tripled growth in both revenue and profit. In addition, Wheldon has revolutionised MHS’ acquisi- tion strategy, leading the compa- ny to diversify its partnerships, all while staying ahead of emerging trends and technologies. “I am incredibly excited to as- sume this new role for the future of MHS. We have an amazing and talented team, who are continuing to innovate our prod- ucts in new and diverse ways,” says Wheldon. “As we move our organisation forward, I am thrilled to lead the company through the final digital transition into a technology company focused on intelligent solutions for people analytics. As I assume the role of CEO I look forward to leading MHS through its next phase of innovation and growth.” MHS also announced today that Dr. Steven Stein, former CEO will continue at MHS as Founder & Executive Chairman. Stein has served as CEO of MHS since founding the organisation in 1983 and will continue to work closely with Wheldon.