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Clairol
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Sales and earnings declining at double-digit rates when team took over leadership of business
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Acquired Matrix Essentials (a leading salon brand in the US) and dramatically improved performance
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Executed turnaround, resulting in #1 retail position in haircare in the US
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Recognized as best-performing business within the Bristol-Myers Squibb portfolio
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Created Herbal Essences brand which achieved $700+ million in sales
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When Bristol-Myers Squibb strategically decided to exit non-pharma businesses, team led divestiture of Clairol for $5 billion and Matrix for ~$600 million, both for ~15x EBITDA
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