Revlon’s Acting Top Lawyer Quits After Eight Months at Company

Irina Baranova

Revlon Inc. is looking for its third top lawyer this year after the departure of acting general counsel Penny Tehrani-Littrell.

Tehrani-Littrell had been acting legal chief following the Feb. 1 exit of former general counsel Cari Robinson. Tehrani-Littrel joined Revlon last September as a deputy general counsel and corporate secretary, and her LinkedIn profile shows she has now left the cosmetics company after just eight months.

“Revlon has a deep and talented legal team currently being overseen by the senior members of the group,” Revlon said in a statement. “We continue to actively recruit for our next general counsel.”

The Ronald Perelman-owned company has been reshaping its legal group over the past year after reworking its debt load and avoiding bankruptcy in late 2020.

Tehrani-Littrell didn’t respond to a request for comment.

Prior to joining Revlon she spent 16 years as a corporate lawyer for Nomura Holding America Inc., as described in a 2020 profile of the New York native by the publication Modern Counsel. Tehrani-Littrell began the first five years of her legal career as a litigation associate at Stroock & Stroock & Lavan.

Tehrani-Littrell on an interim basis had replaced Robinson, a former in-house lawyer who spent almost two decades at International Business Machines Corp. before being recruited by Revlon in 2019 to succeed Mitra Hormozi as general counsel. Bloomberg Law reported earlier this month on Robinson’s departure from Revlon.

Robinson, who didn’t respond to a request for comment, and Hormozi are both former federal prosecutors.

Legal Turnover

Tehrani-Littrell took over Revlon’s corporate secretary role last year from Grace Fu, a former top lawyer at Barneys New York Inc. who left last July to become general counsel for online travel company Kayak and its affiliated restaurant reservation service OpenTable.

Revlon made several legal additions around that same time, bringing on former MasterCard Inc. lawyer Alison Hinds-Pearl as an assistant general counsel and chief compliance officer, as well as adding former Proskauer Rose senior associate Seth Fier as a vice president of law and litigation.

Revlon also hired former Simpson Thacher & Bartlett associate Elise Quinones as a senior corporate counsel.

Revlon’s most recent annual proxy statement, filed April 21, lists only two executives among the highest-paid at the New York-based company.

Perelman’s daughter, Debra Perelman, earned nearly $6.8 million in total compensation last year in her role as president and chief executive officer at Revlon, while chief financial officer Victoria Dolan received almost $2.3 million in total compensation during 2021.

Barry Schwartz, a former general counsel-turned-emeritus vice chairman of Perelman’s holding company, MacAndrews & Forbes Inc., received more than $133,700 in total compensation—about $110,000 of that sum in cash—last year in his role as a Revlon board member.

MacAndrews & Forbes has a new legal chief in former Justice Department official Andrew Weissmann. The former Jenner & Block partner, as noted by Bloomberg Law, is the third top lawyer in three years at MacAndrews & Forbes.

Changing Roles

Revlon isn’t the only company in the personal care space to make changes to its legal group in recent months.

Unilever PLC, the London-based consumer goods giant that owns beauty brands like Axe, Dove, and Vaseline, tapped Maria Varsellona to succeed its retiring chief legal officer and company secretary Ritva Sotamaa as of April 1.

Varsellona, a former top lawyer at Nokia Corp., had since mid-2019 served as general counsel for European technology company ABB Ltd.

Tarte Cosmetics, a beauty brand with an all-female leadership team owned by Japan’s Kosé Corp., announced in December it had brought back former legal adviser Veronica Iuliano to be its general counsel. Iuliano had previously worked in-house at Stone Point Capital LLC and in private practice at now-defunct Dewey Ballantine.

https://news.bloomberglaw.com/business-and-practice/revlons-acting-top-lawyer-quits-after-eight-months-at-company

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