Beauty By Imagination (“BBI” or the “Company”), parent company to leading haircare brands WetBrush, Goody, Ouidad and Bio Ionic, announced that its Board of Directors has formally appointed Francesca Raminella and Gary Dailey as Co-CEOs to jointly lead the Company.
BBI is a majority owned portfolio company of ACON Investments, L.L.C. (“ACON”).
Prior to the appointment, Francesca Raminella served as Chief Commercial Officer and Gary Dailey served as Chief Financial and Chief Operations Officer, jointly leading BBI since the untimely passing of the Company’s former CEO, Jeffrey Davidson in July 2019. Raminella and Dailey both had previously served on the senior executive team alongside Davidson, throughout the acquisitions and integration of the Bio Ionic and Ouidad brands, the successful sale of JD Beauty to ACON and the subsequent merger of Goody into BBI in March 2019.
Raminella and Dailey have, since assuming the leadership of the Company, stewarded the Company successfully with the completed carve-out and integration of Goody, integrating all the Company’s brands under one unified platform parent company, and continued to grow the business with a variety of new and exciting customer partnerships and the delivery of innovative products .
Ken Brotman, Co-Founder of ACON and a member of the Company’s Board of Directors, said, “I am very excited to formalize Francesca and Gary’s leadership with these well-deserved titles. Their highly complementary strengths and commitment to effective co-leadership has been exemplified as they navigated the Company through the untimely passing of Davidson, the continued growth of the business and the historic and unprecedented COVID-19 global pandemic.”
“The ability to successfully manage through Covid and guide the Company’s 200+ global associates while continuing to experience profitable growth through its omnichannel business model and keen eye on reducing costs through sourcing and other endeavors speaks volumes about their leadership.”
“Both Francesca and Gary have been an integral part of the success of the business, delivering high growth, and a shared passion, commitment and vision for the future of the Company. Through their successfully shared leadership role, Raminella and Dailey have and will continue to effectively and efficiently work together to lead the Company forward,” Brotman remarked.
Commenting on their appointments as Co-CEOs of BBI, Raminella and Dailey said: “We are honored and extremely appreciative of the Board’s confidence in allowing us to continue to lead our management team and associates during this explosive growth of BBI. We share a true passion for the industry and a strong commitment to our teams, our products and our business partners. Our exciting vision for the future of the Company is and has always been the foundation and inspiration for our work.”
Raminella and Dailey will assume their new roles effective September 1, 2020.