David Berk Joins Milani as CFO
Milani Cosmetics has named David Berk chief financial officer.
Berk will report to chief executive officer Grace Ray, who joined the Gryphon Investors-backed Milani in June after San Francisco-based Gryphon Investors acquired a majority stake in the company.
"We are focused on building out Milani's executive team…David's strong financial background and consumer products experience will be key drivers as we build a solid financial foundation for Milani's next phase," said Matt Farron, principal at Gryphon.
In addition to Berk and Ray's appointments, Milani in October named Evelyn Wang chief marketing officer. Wang was previously senior vice president of marketing for Wet 'n' Wild at Markwins.
Berk comes to Milani from L'Oréal, where he worked in senior-level positions for 15 years. Most recently he served as worldwide cfo of NYX Professional Makeup, and before that, was vice president of finance and accounting at Urban Decay.
Said Berk, "I couldn’t pass up the opportunity to move into this fast-growing indie powerhouse as Milani has become the go-to multicultural brand for today’s consumers. I’m excited to work with Grace and the Gryphon team to drive the strategies that will result in profitable growth."
Berk is the latest executive to depart L'Oréal USA for an entrepreneurial or private-equity-backed venture. In January, WWD reported that the president of L'Oréal's consumer division in the U.S., Michel Brousset, had exited the company to focus on entrepreneurial activities. In September, former NYX global brand president Nathalie Kristo left L’Oréal for her new post as U.S. president of Huda Beauty. Former NYX ceo Scott Friedman now sits at the helm of Bellami, an Instagram-friendly hair-extension brand, and Tim Warner, former Urban Decay ceo, now heads Drunk Elephant.
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