Revlon Appoints Stephanie Klein Peponis, Executive Vice President, Chief Planning and Business...

Business Editors

NEW YORK--(BUSINESS WIRE)--May 28, 2003

Revlon, Inc. (NYSE:REV), announced the appointment of Stephanie Klein Peponis to the newly created position of Executive Vice President, Chief Planning and Business Development Officer, effective June 2nd. Ms. Peponis is

In this newly created position, Ms. Peponis will be responsible for supporting the ongoing development and refinement of the company's business strategy. She will help facilitate the company's planning processes, oversee market research and analysis and evaluate additional opportunities for profitable growth. She will report to Jack Stahl, President and Chief Executive Officer.

Jack Stahl said, "Stephanie has ably supported the development of our business strategy in her capacity as a consultant. She has previously played a leadership role on a series of highly strategic assignments for leading consumer goods companies, making her a strong addition to our leadership team at Revlon."

Ms. Peponis joined the Boston Consulting Group in 1992, most recently as Vice President and Director in the New York office. During her tenure, she worked on a wide range of assignments for leading consumer goods companies focused on strategy and growth, most recently at Revlon. In 1997, she spent a year as Vice President of Strategic Planning and Business Development at Toys R' Us. Prior to joining the Boston Consulting Group, she worked as a Financial Analyst at Morgan Stanley in corporate finance and capital markets. She has an AB in quantitative economics from Stanford University and an MBA from Harvard Business School.

Ms. Peponis said, "Revlon is one of the leading consumer brands in the world and having had the opportunity to work with the company, I am thrilled to join the management team and look forward to working with them."

Revlon is a worldwide cosmetics, skin care, fragrance and personal care products company. The Company's vision is to become the world's most dynamic leader in global beauty and skin care. A web site featuring current product and promotional information, as well as corporate investor relations information, can be reached at www.revlon.com, www.almay.com, and www.revloninc.com. The Company's brands include Revlon, Almay, Ultima, Charlie and Flex and they are sold worldwide.