L'Oreal's only female CEO, the founder of IT Cosmetics, is leaving:
After more than a decade of taking off her makeup on television to reveal red rosacea on her cheeks, Jamie Kern Lima has become synonymous with her problem-solving beauty line, IT Cosmetics.
But she and her husband Paulo have decided to move on from the company they founded together 11 years ago. Before starting a cosmetics company, Kern Lima was a morning news anchor struggling to find the right makeup products to wear for television. Kern Lima left the TV station in 2008, and the couple began bootstrapping in their Los Angeles living room. It started to catch on once Kern Lima went on shopping networks and pitched the product on live air. IT Cosmetics is the top-sold beauty brand on QVC today.
"The time has come to step into an exciting new professional and personal chapter ahead. I believe part of my calling on this earth is to inspire women and empower women everywhere to transform their self-confidence and learn truly to believe in themselves," sheKern Lima is a clear success story of the recent beauty boom. L'Oreal acquired IT Cosmetics for $1.2 billion in cash in August 2016, the French conglomerate's biggest acquisition in eight years.
"I will forever remain in my role as IT Cosmetics' greatest champion," Kern Lima said in her farewell letter.
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