JPC Restructures With Plans to Grow
Johnson Products Co.—originally founded in 1954 and newly established as an independent
African-American company in the ethnic haircare market three years ago—is restructuring as it prepares for growth.
CEO Eric Brown is becoming executive chair. In his new role, Brown will be actively involved with JPC and focused on strategic initiatives as well as potential acquisitions.
“During my tenure as CEO of Johnson Products Co., I have been extremely proud of all that we have accomplished since acquiring the company in 2009,” stated Brown on May 7. “As we prepare for the future, my new role as executive chair will now allow me to focus on important strategic initiatives that will make JPC stronger.”
In March 2009, he led the successful acquisition of JPC from Procter & Gamble with the combined investments of RC Fontis, St. Cloud Capital and Plus Factor. At that time, the strategic direction for JPC was to strengthen the company’s brands. Within the first 18 months after the acquisition, JPC saw 20% growth in revenue under his leadership.
Replacing Brown as CEO will be Gabrielle Greene, a professional in the financial-services industry for more than 25 years. Greene received her Bachelor of Arts degree from Princeton University, a MBA from Harvard Business School and a J.D. degree from Harvard Law School. She serves on several corporate boards, including Whole Foods and Stage Stores.
Renee Cottrell-Brown is remaining in her current role as chief marketing officer.
Currently, JPC offers more than 60 products under its Gentle Treatment and Ultra Sheen brands.
[Courtesy of Johnson Products Co.]