US private equity company Patriarch Partners LLC has appointed Lynn Tilton as CEO for its portfolio companies Stila Cosmetics and Jane Cosmetics, effective immediately. Tilton, Patriarch’s founder and CEO, led the acquisition of Stila and Jane Cosmetics in April and December of 2009, respectively.
“I believe both brands, together, allow us to inspire the inner beauty in every woman. I have long believed that these companies are a platform to educate, enlighten and empower women. I am excited and honoured to work more closely with these teams to be disruptive in our strategies and more innovative in our products,” said Tilton.
Tilton will oversee the day-to-day global business for both brands, working with an executive leadership team including Michael Hughes, CFO; Menal Parikh, Chief Commercial Officer; Cynthia Rapp, Chief Marketing Officer; and Jill Tomandl, Chief Creative Officer.
Founded by make-up artist Jeanine Lobell, Stila was snapped up by Patriarch from Sun Capital Partners, who originally acquired the brand from The Estée Lauder Companies in 2006. Meanwhile, mass make-up brand Jane Cosmetics was sold by Estée Lauder to the newly formed Jane & Company LLC in 2004, before being bought by Patriarch five years later.