PDC Brands, a provider of beauty and personal care products, has appointed John F. Owen as chief financial officer. Previously, Owen was CFO of Beam Suntory. PDC Brands is backed by CVC Capital Partners and Leonard Green & Partners.
STAMFORD, Conn., March 12, 2018 /PRNewswire/ — PDC Brands (“PDC” or the “Company”) announced today that John F. Owen has been appointed Chief Financial Officer of PDC effective today. Mr. Owen will hold responsibility for the Company’s global financial operations and will report to James Stammer, Chief Executive Officer of PDC.
Mr. Stammer remarked, “I am delighted to add John to PDC’s talented management team. John brings us over 30 years of experience with leading multinational branded consumer products companies and a strong financial and operational track record building enduring multi-billion dollar businesses. I believe that adding an executive of John’s caliber is a strong endorsement of our company’s potential, and I am highly confident that John’s management capabilities and expertise in the beauty and wellness sectors will help us to fulfill the promise of PDC’s continued growth in North America and abroad.”
Prior to joining PDC, Mr. Owen most recently served as CFO of Beam Suntory, a leading branded beverage business acquired by Suntory Holdings Limited in 2014. Prior to this role, he served as SVP, Chief Supply Chain officer of Beam Suntory for over two years. Before joining Beam Suntory, Mr. Owen spent the majority of his career at Avon Products Inc., where he served in a variety of U.S. and overseas roles, including CFO of North America, Group VP of Global Finance, and President of the EMEA regions.
Mr. Owen remarked, “I am very pleased to join the team at PDC to help support the company’s continued growth alongside its existing group of longstanding leaders. PDC’s strong portfolio of brands with great consumer affinity, consistent track record of acquiring and building upon leading consumer platforms, and innovative brand development and marketing philosophy make this a very exciting opportunity for the next phase of my career.”
In connection with Mr. Owen assuming the CFO role, Jay Rogers will transition from CFO/COO at PDC to a dedicated COO role. Mr. Stammer added, “The creation of a new, dedicated COO role in our organization will enable Jay to focus his great talents on the global operations of PDC and longer-term strategic growth initiatives. Jay has been an essential part of our leadership team since he joined us in 2012, and our business will benefit greatly from his ability to focus his efforts entirely on PDC’s many continued growth opportunities.”
About PDC Brands
Founded in 1981, PDC Brands has emerged as one of the world’s fastest growing beauty and wellness companies in the world. PDC Brands’ portfolio of category-leading brands includes Cantu®, Dr Teal’s®, Eylure®, and Body Fantasies®. PDC Brands’ portfolio of products can be found at major mass, chain drug, grocery and specialty retailers throughout the US, UK and in over 60 markets globally. PDC was recently name U.S. Supplier of the Year, Consumables, Health & Wellness, by Walmart. PDC is owned by affiliates of CVC and Leonard Green & Partners, as well as its management. For more information, please visit: www.pdcbeauty.com.
About CVC Capital Partners
CVC Capital Partners is a leading private equity and investment advisory firm. Founded in 1981, CVC today has a network of 23 offices and approximately 400 employees throughout Europe, Asia and the US. To date, CVC has secured commitments of over US$109 billion from some of the world’s leading institutional investors across its private equity and credit strategies. In total, CVC currently manages over US$70 billion of assets. Today, funds managed or advised by CVC are invested in 61 companies worldwide, employing c.270,000 people in numerous countries. Together, these companies have combined annual sales of over US$60 billion. For further information about CVC please visit: www.cvc.com.
About Leonard Green & Partners
Leonard Green & Partners, L.P. (“LGP”) is a leading private equity investment firm founded in 1989 and based in Los Angeles. The firm partners with experienced management teams and often with founders to invest in market-leading companies. Since inception, LGP has invested in over 90 companies in the form of traditional buyouts, going-private transactions, recapitalizations, growth equity, and selective public equity and debt positions. The firm primarily focuses on companies providing services, including consumer, business, and healthcare services, as well as retail. For more information, please visit http://www.leonardgreen.com.