Inter Parfums, Inc. has announced that Russell Greenberg, executive vice president and chief financial officer (CFO), will retire on September 6, 2022, and will be succeeded by Michel Atwood, a seasoned fragrance and finance executive, as chief financial officer. Greenberg will stay with the company full time until September 30, 2022 to assist with the transition.
While at Estée Lauder, Atwood had strategic oversight for the fragrance category across the company and operational accountability for several of its fragrance brands. He also had senior level M&A duties, including acquisition integration and brand divestitures/discontinuations. Over his nearly four years at Estée Lauder, he also drove cross-brand synergies across R&D and supply chain for the fragrance category.
From 1995 to 2017, Atwood held several executive positions with growing responsibilities at Procter & Gamble in France, Switzerland, Italy and Germany. His final title at P&G was divisional CFO of Global Prestige Fragrances, leading a 90-member team and ultimately spearheading the divestiture of that division to Coty. Earlier, he was CFO Global Markets, Prestige Fragrances, a business generating over $2 billion in sales, where he headed a globally dispersed team of 60 people supporting the go-to-market organization (affiliates, travel retail and distributors) of the Prestige division. Before that, he was Global Prestige director of Strategic Planning, Licensing and Acquisition, shaping and executing the overall business direction and licensing and acquisition strategy of P&G’s Global Fragrance and Premium Skin and Cosmetics businesses.
Born in Turkey, Atwood holds a master’s degree in software engineering from the Institut National des Sciences Appliquées of Lyon, and a master’s in international finance from HEC Paris. He also earned the designation of certified management accountant from the Institute of Management Accountants. He has an international background, working and living in France, Switzerland, the United States, Canada, Turkey and Italy.
Jean Madar, chairman and CEO, commented, “Russ has played an integral role in the growth and evolution of our company for 30 years. He has been by my side for all the significant initiatives we have undertaken, through the best of times and the most challenging. He has earned, and well deserves, to devote more time to family, friends, and the activities he most enjoys. On behalf of the Board of Directors, I want to thank him for his service, commitment and friendship.”
Greenberg noted, “I have been privileged to have spent most of my career at Inter Parfums where I have had the professional satisfaction of being at the starting gate of what has become a rapidly growing, highly respected, global fragrance enterprise. Throughout my three decades, I have worked with some of the best people in the industry and I feel confident that Inter Parfums will continue to thrive with Michel taking over my executive duties.”
Madar continued, “We are extremely fortunate that Michel Atwood will officially take over the CFO reins on September 6th. In the past, we have interacted with him in various capacities while at different companies. Michel knows the fragrance industry inside and out and was most recently at Estée Lauder as Vice President Finance and Strategy, providing, among other things, strategic oversight for the fragrance category across the company and leading a large team of finance professionals across the globe as a key member of ELC’s Senior Finance Leadership team. Michel has also been asked to fill the Board seat Russ is vacating effective September 9, 2022, the date of our Annual Meeting of Shareholders.”