CEO Calvin McDonald will become the new leader of Wella, the 145-year-old hair care company. He will take on his new role on April 2, bringing valuable expertise from his previous work at Lululemon and Sephora Americas.
CEO Calvin McDonald Brings Growth Expertise to Wella
Before joining Lululemon, CEO Calvin McDonald spent five years as president and CEO of Sephora Americas. There, he led the company to significant growth, establishing a strong market position. During his seven years at Lululemon, McDonald expanded the brand’s reach and tripled its revenues, despite facing challenges like falling sales in North America and quality control issues.
“I’m thrilled to return to the beauty industry, a sector driven by passionate consumers,” McDonald said.
Wella’s Growth Under CEO Calvin McDonald’s Leadership
Wella is in growth mode, and the company sees McDonald as a key player in driving market share gains. While at Sephora, he helped the retailer achieve five consecutive years of double-digit growth. Wella highlighted McDonald’s role in making hair care Sephora’s fastest-growing category during his tenure.
At Wella, McDonald aims to further strengthen the brand. The company is also benefiting from backing by investment firm KKR, which acquired a majority stake in Wella from Coty for over $2 billion.
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McDonald will succeed Executive Chair Glenn Murphy, who took on leadership after Annie Young-Scrivner’s departure. Murphy will stay on as executive board chair to guide McDonald during the transition.
As Wella works to expand its global beauty market presence, CEO Calvin McDonald’s expertise in scaling businesses will play a key role in the company’s future success.
