Carlyle Taps McNamara To Run Philosophy

Michael McNamara, former global president of Neutrogena Corp., has agreed to joined beauty brand Philosophy Inc. as CEO, effective May 15. The appointment was announced by The Carlyle Group, which in January agreed to acquire a majority stake in Philosophy. At the time, Carlyle said that it would name a new CEO, with current chief Cristina Carlino transitioning into an executive chairwoman role.