President and CEO Lori Bush is set to retire from Rodan + Fields in early 2016, according to a recent statement from the skincare company.
“It has been an honor and privilege to be entrusted with the founders’ brand and mission over the past eight years, and I couldn’t be more proud of what we’ve built together,” said Bush. “Our brand and business model is so much about choice, deciding today how tomorrow looks, and I am more than grateful that I am in a position to choose the timing of the start of my next chapter. I look forward to continued involvement with Rodan + Fields while enjoying more time with my family in my retirement.”
The San Francisco-based company expects to name a successor early next year. Bush has led Rodan + Fields since 2007, when management decided to pull out of high-end department stores and implement a social commerce model. Under her leadership, the seller of dermatology-inspired products has grown to $330 million in annual revenue, making it the No. 28 direct selling company in North America. After handing over the reins, Bush will retain her seat on the company’s board and serve as an advisor to the incoming CEO.
“Lori’s leadership and dedication to Rodan + Fields has been a driving force behind our remarkable success as one of the fastest-growing premium skincare brands in the U.S.,” said Amnon Rodan, Chairman of the Board. “Her guidance as a member of our board will be invaluable as we continue to grow the brand domestically and globally. We thank Lori for the innumerable contributions she has made to Rodan + Fields during her tenure as CEO and wish her all the best in her retirement.”
