Inter Parfums, Inc. Announces Retirement of Russell Greenberg to Be Succeeded by Michel Atwood as Chief Financial Officer

Inter Parfums, Inc. Announces Retirement of Russell Greenberg to Be Succeeded by Michel Atwood as Chief Financial Officer

NEW YORK–(BUSINESS WIRE)–Inter Parfums, Inc. (NASDAQ GS: IPAR) at present introduced that Russell Greenberg, Executive Vice President and Chief Financial Officer, will retire on September 6, 2022, and might be succeeded by Michel Atwood, a seasoned perfume and finance government, as Chief Financial Officer. Mr. Greenberg will stick with the corporate full time till September 30, 2022 to help with the transition.

Jean Madar, Chairman and Chief Executive Officer, commented, “Russ has performed an integral position within the development and evolution of our firm for 30 years. He has been by my aspect for all the numerous initiatives we have now undertaken, by means of the most effective of occasions and probably the most difficult. He has earned, and nicely deserves, to dedicate extra time to household, associates, and the actions he most enjoys. On behalf of the Board of Directors, I need to thank him for his service, dedication and friendship.”

Mr. Greenberg famous, “I’ve been privileged to have spent most of my profession at Inter Parfums the place I’ve had the skilled satisfaction of being on the beginning gate of what has grow to be a quickly rising, extremely revered, international perfume enterprise. Throughout my three a long time, I’ve labored with some of the most effective individuals within the business and I really feel assured that Inter Parfums will proceed to thrive with Michel taking up my government duties.”

Mr. Madar continued, “We are extraordinarily lucky that Michel Atwood will formally take over the CFO reins on September sixth. In the previous, we have now interacted with him in varied capacities whereas at totally different firms. Michel is aware of the perfume business in and out, and was most lately at Estée Lauder as Vice President Finance and Strategy, offering, amongst different issues, strategic oversight for the perfume class throughout the corporate and main a big staff of finance professionals throughout the globe as a key member of ELC’s Senior Finance Leadership staff. Michel has additionally been requested to fill the Board seat Russ is vacating efficient September 9, 2022, the date of our Annual Meeting of Shareholders.”

About Michel Atwood
While at Estée Lauder, Michel had strategic oversight for the perfume class throughout that firm and operational accountability for a number of of its perfume manufacturers. He additionally had senior degree M&A duties, together with acquisition integration and model divestitures/discontinuations. Over his practically 4 years at Estée Lauder, he additionally drove cross-brand synergies throughout R&D and provide chain for the perfume class.

From 1995 to 2017, Michel held a number of government positions with rising obligations at Procter & Gamble in France, Switzerland, Italy and Germany. His remaining title at P&G was Divisional CFO of Global Prestige Fragrances, main a 90 member staff, and in the end spearheading the divestiture of that division to Coty. Earlier he was CFO Global Markets – Prestige Fragrances, a enterprise producing over $2 billion in gross sales, the place he headed a globally dispersed staff of 60 individuals supporting the go-to-market group (associates, Travel Retail and distributors) of the Prestige Division. Before that, he was Global Prestige Director of Strategic Planning, Licensing and Acquisition shaping and executing the general enterprise path and licensing and acquisition technique of P&G’s Global Fragrance and Premium pores and skin and cosmetics companies.

Born in Turkey, Michel Atwood holds a Master’s diploma in Software Engineering from the Institut National des Sciences Appliquées of Lyon, and a Master’s in International Finance from HEC Paris, the distinguished French enterprise faculty. He additionally earned the designation of Certified Management Accountant from the Institute of Management Accountants. He has a really worldwide background, working/residing in France, Switzerland, the U.S., Canada, Turkey and Italy.

Founded in 1982, Inter Parfums, Inc. develops, manufactures and distributes status perfumes and cosmetics as the unique worldwide licensee for Abercrombie & Fitch, Anna Sui, Boucheron, Coach, Ferragamo, Graff, GUESS, Hollister, Jimmy Choo, Karl Lagerfeld, Kate Spade, MCM, Moncler, Montblanc, Oscar de la Renta, S.T. Dupont, Ungaro and Van Cleef & Arpels. Inter Parfums can also be the proprietor of Lanvin fragrances and the Rochas model. Through its international distribution community, the Company’s merchandise are bought in over 120 international locations.

Statements on this launch which aren’t historic in nature are forward-looking statements. Although we imagine that our plans, intentions and expectations mirrored in such forward-looking statements are affordable, we can provide no assurance that such plans, intentions or expectations might be achieved. In some circumstances you possibly can determine forward-looking statements by forward-looking phrases such as “anticipate,” “imagine,” “might,” “estimate,” “anticipate,” “intend,” “might,” “ought to,” “will,” and “would,” or comparable phrases. You mustn’t depend on forward-looking statements, as a result of precise occasions or outcomes might differ materially from these indicated by these forward-looking statements as a end result of a quantity of vital elements. These elements embrace, however are usually not restricted to, the dangers and uncertainties mentioned beneath the headings “Forward Looking Statements” and “Risk Factors” in Inter Parfums’ annual report on Form 10-Okay for the fiscal 12 months ended December 31, 2021 and the experiences Inter Parfums information from time to time with the Securities and Exchange Commission. Inter Parfums doesn’t intend to and undertakes no responsibility to replace the data contained on this press launch.

https://www.businesswire.com/information/house/20220601006027/en/Inter-Parfums-Inc.-Announces-Retirement-of-Russell-Greenberg-to-Be-Succeeded-by-Michel-Atwood-as-Chief-Financial-Officer

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