Revlon Inc. Names Douglas H. Greeff Chief Financial Officer

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Revlon Inc. Names Douglas H. Greeff Chief Financial Officer
    NEW YORK, May 10 /PRNewswire/ -- Revlon, Inc. (NYSE: REV) announced today
that Douglas H. Greeff has been elected Executive Vice President and Chief
Financial Officer.  Mr. Greeff joins Revlon from Salomon Smith Barney where he
was Managing Director, Fixed Income Global Loans, and Co-head of Leverage
Finance.  Prior to Salomon Smith Barney, Mr. Greeff was Managing Director,
Global Loans and Head of Leverage and Acquisition Finance at Citibank N.A.
    Frank J. Gehrmann, who joined Revlon in September 1993 as Chief Financial
Officer of Revlon Consumer Products USA and was elected Executive Vice
President and Chief Financial Officer of Revlon, Inc. in January 1998, has
resigned his position but will remain with Revlon during a transitional
period.
    Mr. Jeffrey M. Nugent, President and Chief Executive Officer said, "I
welcome Doug to the team.  He brings a wealth of global financial experience
to Revlon, and his experience with Revlon both at Salomon Smith Barney and
Citibank should shorten his learning curve considerably."

    Mr. Nugent cited three key financial strategies for Revlon for 2000:
    1.    Re-direct spending to fund new, more productive marketing
          initiatives
    2.    Strengthen Revlon's cash flow and balance sheet
    3.    Align Revlon's financial controls and internal reporting with its
          new global business model.

    "Combining Doug's financial experience with the operating experience of
the executives here at Revlon will accelerate our progress in accomplishing
each of these three goals," added Mr. Nugent.
    In addition, Mr. Nugent said, "Frank Gehrmann helped lead Revlon through
some of its greatest years as well as some of its most challenging.  He has
been tireless in his efforts and a valued contributor in getting Revlon back
on course.  We are reluctant to see him go but appreciate his commitment to
creating a smooth transition."
    Mr. Greeff, 44, joined Salomon Smith Barney in 1998 from Citibank N.A.
where he was Managing Director, Global Loans and Head of Leverage and
Acquisition Finance.  During this time, he personally structured financings
for Revlon's principal shareholder, MacAndrews & Forbes Holdings, Inc., and
many other major international companies.  He began his career at Citibank in
1986 as Vice President in its Leverage Capital department, and was assigned
positions of increasing responsibility over the next twelve years, including a
period when he was responsible for the bank's relationship with Revlon and
MacAndrews & Forbes.  Mr. Greeff started his career at Ernst & Ernst, now
Ernst & Young, in 1978 and was licensed as a Certified Public Accountant.  He
completed the Masters of Accounting Program at New York University School of
Business Administration in 1979 and earned a Bachelor of Arts degree in
economics from Williams College in 1978.

    Revlon is a worldwide cosmetics, skin care, fragrance, and personal care
products company.  The Company's vision is to become the world's most dynamic
leader in global beauty and skin care.  A web site featuring current product
and promotional information can be reached at http://www.revlon.com.  Revlon
brands include Revlon(R), Almay(R), Ultima II(R), Charlie(R) and Flex(R), and
they are sold in approximately 175 countries and territories.
SOURCE Revlon, Inc.
http://www.revlon.com
CONTACT:
Press - Richard Woods, 212-527-5791, or
Investors - Laura Kiernan, 212-527-5230, both of Revlon, Inc.