Beautycounter's founder and CEO, Gregg Renfrew, was asked to leave her position to make room for new leadership as the company underwent a significant restructuring under the ownership of private equity firm Carlyle.
Details of the Departure
Gregg Renfrew, who founded Beautycounter, initially stepped down from her role as CEO about a year after she sold the company to Carlyle. This change was part of a broader strategic move by Carlyle to restructure the clean beauty brand. The decision to replace Renfrew was driven by the investment firm's intent to bring in new leadership to guide the company's future direction.
Key aspects surrounding her departure include:
- Carlyle's Restructuring: Following the acquisition of Beautycounter, Carlyle initiated a restructuring of the company's operations and leadership.
- Desire for New Leadership: As part of this restructuring, Renfrew was specifically asked to step aside to make way for new individuals to take the helm.
- Strategic Shift: The move was perceived as a strategic decision by the new owners to implement their vision for growth and management.
Renfrew's Return to Leadership
Interestingly, Renfrew's departure was not permanent. After a period away, she eventually returned to Beautycounter as CEO. Her return was seen by many as a significant development for both Renfrew personally and for the broader clean beauty movement, reinforcing her commitment to the brand's original mission and values.
