Revlon’s McGuire Replaces Greef as CFO

Revlon Inc. named Thomas McGuire chief financial officer and executive vice president to replace Douglas Greeff, who will become executive vice president, strategic finance. Mr. McGuire is founder and chief executive officer of Human Capital Formation LLC, a firm that specializes on return on investment on human capital. He also spent 18 years at Coca-Cola Co. Mr. Greeff will focus on longer-term financing and strategic projects, the company said.

Gillette CEO Extends Contract for One Year

Battery and toiletries maker The Gillette Co. gave a one-year contract extension to chief executive James Kilts, whose current three-year contract expires in January. The contract extension includes stock options of 1 million Gillette shares to be awarded in January, and another award based on the increased value of 1 million shares if the stock appreciates over a six-moth period.

His base salary will be determined by the board in the first quarter of 2004 but not released until Gillette’s 2005 proxy statement, spokesman Eric Kraus said. Mr. Kilts received a base salary of $1.35 million this year, up from $1 million in 2002. Mr. Kilts received a $1.7 million bonus last year, and his target bonus is the same for this year, though it could be up to twice his base pay, according to experts.