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Milani Cosmetics

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By: Jamie Matusow

Editor-in-Chief

Grace Ray has taken the position of chief executive officer at Milani Cosmetics, replacing current interim CEO, Michelle Taylor, who moved into the chairman of the board role at the company. Taylor replaces Dennis O’Brien, partner at Gryphon Investors, who served as interim chairman after Gryphon acquired a majority stake in Milani in June of this year.

Ray is an accomplished executive within the beauty industry. She most recently served as CEO of hair care company, Living Proof, where she oversaw and executed dramatic growth in brand awareness, sales, and profitability. She played an integral role in Living Proof’s sale to Unilever, in 2016. Ray has also held senior leadership positions at Smashbox Cosmetics and L’Oréal.

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