Thursday 28 February 2008

BeautiControl Founder Richard Heath Retires



from Russian Market Newspaper
Richard Heath, 61, co-founder, president and chief executive officer of BeautiControl, Inc., stepped down Aug. 1 and turned the presidency over to his son, Rick Heath. Mr. Heath and his wife Jinger, who remains chairman, founded the Dallas-based company in 1981, growing the business into a leading direct sales cosmetics company. BeautiControl markets premium cosmetics and skin care products through a professionally trained sales force of over 55,000 in the United States, Canada and Puerto Rico.

Under Mr. Heath's leadership, BeautiControl became a publicly traded company in 1986 and was soon recognized as a strong contender in the direct sales cosmetics industry. The company has been cited three times in Business Week's listing of the "100 Hot Growth Companies," has been recognized twice in the top twenty by Forbes as one of the "200 Best Small Companies in America," and has been ranked 40th in OTC Review's "100 Most Profitable NASDAQ Companies." Mr. Heath was recognized by Ernst & Young, The Dallas Morning News, and Inc. magazine as "Southwestern U.S. Entrepreneur of the Year." In October 2000 the company was acquired by Tupperware, Inc. Mr. Heath remained with the corporation and held the position of president, BeautiControl/Tupperware Latin America.

Former President and CEO of BeautiControl, Inc. Richard W. Heath
"The past 25 years have been an extraordinary part of my life and I'm thrilled to be in the position to step aside and have my son take the reins," stated Mr. Heath. Going forward, Mr. Heath will manage DWH Investments, a firm that takes equity positions in start-up small- and mid-market companies. Mr. Heath's son, Rick, who became president Aug. 1, joined BeautiControl 15 years ago and has served the company in numerous sales, marketing and operational capacities. Most recently, Rick Heath resided in Johannesburg, South Africa, where he held the position of managing director, Tupperware Southern Africa.

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