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Sephora CEO steps down to join Kendo Brands

Published Oct. 25, 2013
By
Philip Nations Contributing Editor

Dive Summary:

  • Sephora Americas has announced that current CEO David Suliteanu will resign from the company to become chief executive of Kendo Brands.
  • Suliteanu is set to be replaced by former Sears Canada president and CEO Calvin McDonald beginning Jan.1, 2014.
  • Sephora currently operates more than 330 stores in North America and 400 in-store boutique outlets through its partnership with J.C. Penney.

Dive Insight:

Suliteanu is moving on from Sephora to focus his efforts on the company he helped create, Kendo Brands, which is centered on the creation and acquisition of beauty brands. Suliteanu’s current tenure with Sephora is set to end this January, effectively ending a 13-year relationship between Suliteanu and Sephora.

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