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AM Cosmetics

This article was originally published in The Rose Sheet

Executive Summary

Value-branded cosmetics firm seeking president and CEO after Arne Zimmerman announced intentions to step down at the end of the year. CFO Stephen Heit has been named acting president until the board finds permanent replacement. Both internal and external candidates will be considered for the position, which Zimmerman has held since joining AM Cosmetics in 1999 (1"The Rose Sheet" Feb. 15, 1999, p. 9). Zimmerman is credited with triggering a turnaround at AM Cosmetics. The company, which counts Wet n' Wild and Jonel among its brands, expects 2001 to be its most profitable year ever, Heit says. Zimmerman, also a CTFA board member, has left to pursue "new challenges"...

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