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Revlon CEO

This article was originally published in The Rose Sheet

Executive Summary

Three-year employment term of President and CEO Jack Stahl, originally scheduled to end Feb. 28, 2005, has been extended to February 28, 2008 under amended employment agreement between Revlon and the exec, according to an 8-K filed with the Securities & Exchange Commission Dec. 17. In recognition of Revlon's and the chief exec's confidence in the "long-term equity value" of the firm, Stahl's stock option and restricted share awards also have been amended. Under the new terms, if the exec is terminated by Revlon without cause or by himself for "good reason," share awards would "continue to vest in accordance with their terms as if his employment had not been terminated," the filing states. The former Coca-Cola exec took the helm at Revlon in 2002, succeeding Jeffrey Nugent (1"The Rose Sheet" Feb. 25, 2002, p. 6)...
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