Sales: $3.5 billion.
Key Personnel: Richard R. Rogers, executive chairman; David Holl, president and chief executive officer; Sheryl Adkins-Green, chief marketing officer; Thomas S. Cho, chief supply chain officer; KK Chua, president, Asia Pacific region; Tara Eustace, president, European region; Deborah Gibbins, chief financial officer; Lucy Gildea MD, chief scientific officer; Melinda Foster Sellers, chief people officer; Kregg Jodie, chief information officer; Nathan Moore, president, North America region; Ryan Rogers, chief investment officer; Julia Simon, chief legal officer and secretary; Jose Smeke, president, Latin America region.
Major Products: Skin care, color cosmetics, body care, sun care and fine fragrances marketed under the Mary Kay and TimeWise brand names.
New Products: Clear Proof Deep-Cleansing Charcoal Mask, After Sun Replenishing Gel, Baked Cheek Powder, TimeWise Age-Fighting Lip Primer, White Tea and Citrus Satin Hands Satin Smoothie Refining Shea Scrub.
Comments: Sales fell 5% at one of the world’s biggest direct sellers of cosmetics, but Mary Kay Inc. is focused firmly on the future. On September 13, 2016, the company broke ground on a 480,000 square foot, US-based manufacturing and R&D facility. The event took place exactly 53 years to the day after Mary Kay Ash launched her company.
Two key personnel moves took place this year. In January, Nathan Moore was named president of Mary Kay North America. He replaced Darrell Overcash who retired. Prior to this appointment, Moore served as Mary Kay Inc.’s chief legal officer and secretary where he managed all aspects of the company’s legal, public affairs, risk management, corporate communications and corporate social responsibility efforts.
In April, Mary Kay named Dr. Lucy Gildea as chief scientific officer. Gildea will lead the global R&D function and develop and execute Mary Kay’s global product strategy and innovation pipeline.
Prior to joining Mary Kay, she spent 15 years at P&G, working in health care, oral care, beauty technology and beauty/skin product development. During her tenure, Dr. Gildea lived in Singapore, advancing her experience with Asian markets.
“The opportunity to serve as the new chief scientific officer for Mary Kay Inc. allows me to marry my passions for science, innovation and empowering women,” said Gildea. “Through leading Mary Kay’s global research and development, I am excited to be on the front lines of innovation to create beauty products that invigorate our independent sales force, as well as their customers, around the world.”
Founder Mary Kay Ash built her company by connecting with consumers on a personal level, but that doesn’t mean her company won’t evolve with the times. Earlier this year, beauty fans around the world voted Mary Kay Inc. “Best Pinterest,” “Best YouTube” and “Best App” for 2016’s #beauty20 Awards presented by innoCos Digital. The annual program recognizes beauty brands that are finding innovative ways to connect with consumers through digital technology and social media. Mary Kay has been named a top digital marketer in the #beauty20 Awards for four consecutive years.