DALLAS, TX, November 02, 2022
DALLAS – November 1, 2022 -- On the eve of the company’s 60th anniversary, leadership of one of the world’s largest and most iconic cosmetics companies will pass to the third generation of its founder’s family. Following in the footsteps of his legendary trailblazing grandmother, Mary Kay Ash, and his father Richard R. Rogers, Ryan Rogers will become Chief Executive Officer of Dallas, Texas based Mary Kay Inc. starting January 1, 2023.
Rogers’ appointment accompanies the announcement by current Chairman and Chief Executive Officer David Holl that he will retire at the end of the year following a nearly 30-year career with Mary Kay. Holl will remain Chairman of the Board.
Rogers is a member of the company’s board of directors and currently serves as Chief Investment Officer with responsibility for strategic direction, financial analysis, and resource allocation on key investments among the company’s domestic operations and international subsidiaries.
“As a young man, my grandmother predicted I would someday lead her company and worked to prepare me by sharing many of her lessons in leadership,” Rogers said. “As usual, Mary Kay was right. I am honored but also energized to have the opportunity to lead my grandmother’s company as we begin our 60th anniversary year.”
Rogers began his career as an associate in the Transaction Services Group of PricewaterhouseCoopers LLP in Dallas. He joined Mary Kay Inc. in 2000 as a financial analyst and has held several positions including Project Manager, Director of Strategic Initiatives, and Vice President of Strategic Initiatives before assuming the role of Chief Investment Officer in 2013. Since 2001 he has also served as Vice President of The Mary Kay Ash Foundation℠. He earned his undergraduate degree in business from Southern Methodist University and became a CFA in 2002.
Mary Kay Inc. was founded in Dallas, Texas USA in September 1963 by a woman widely held today as one of America’s greatest entrepreneurs, Mary Kay Ash. One of the largest direct sellers of skin care and color cosmetics in the world, the company remains privately owned and is now a multibillion-dollar enterprise with millions of independent beauty consultants selling its products in nearly 40 countries around the world.
“Taking on the role of CEO for Mary Kay is humbling,” Rogers continued. “Not only because I am following in the footsteps of my grandmother and father, but also because I am following our company’s second most long-serving leader behind Mary Kay herself – David Holl. David’s tenure has seen tremendous growth and success for Mary Kay. Through global recessions and economic downturns, the terrorist attacks of 9/11, a global pandemic, military conflicts and ever-changing regulatory environments around the world, David’s steady and dedicated hand have kept us on track and lead us to unprecedented growth.”
Holl joined Mary Kay Inc. in 1993 and in 1996 became Chief Financial Officer and Treasurer. In 2001, he was named President and Chief Operating Officer and in 2006, assumed the title of President and Chief Executive Officer. In 2018, Holl became Chairman and Chief Executive Officer.
Holl oversaw a global rebranding for Mary Kay, designation as a top beauty brand, expansion of research and development operations with more than 800 products in its global portfolio and thousands of Mary Kay Inc. employees and millions of independent sales force members worldwide. He led the company in the investment of new manufacturing and corporate facilities in China and the new $100 million (USD) Richard R. Rogers Manufacturing / R&D Center in Lewisville, Texas completed in 2018.
“Besides my family, nothing has given me greater joy and pride than being part of Mary Kay for the last 30 years,” said Holl. “I will always proudly be part of this company, its employees, and its mission of enriching women’s lives. Now, following in the footsteps of his grandmother, Mary Kay Ash and his father Richard Rogers, Ryan becomes the third generation of Mary Kay family members to lead this great company. No one but Ryan Rogers is better suited to lead Mary Kay and take the company to greater heights as a global trendsetter in cosmetics, business and entrepreneurship.”
Holl will continue to serve as chairman of the board for Mary Kay Inc. following his retirement as chief executive officer. Company co-founder and Mary Kay Ash’s son, Richard R. Rogers, will continue as Executive Chairman.
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About Mary Kay
One of the original glass ceiling breakers, Mary Kay Ash founded her beauty company nearly 60 years ago with three goals: develop rewarding opportunities for women, offer irresistible products, and make the world a better place. That dream has blossomed into a multibillion-dollar company with millions of independent sales force members in nearly 40 countries. Mary Kay is dedicated to investing in the science behind beauty and manufacturing cutting-edge skin care, color cosmetics, nutritional supplements and fragrances. Mary Kay is committed to empowering women and their families by partnering with organizations from around the world, focusing on supporting cancer research, protecting survivors from domestic abuse, beautifying our communities, and encouraging children to follow their dreams. Mary Kay Ash’s original vision continues to shine—one lipstick at a time.
Contact:
Ginger Greenberg
(214) 732-5832