Wednesday, March 05, 2008 - 11:45 AM
David B. Holl
President and Chief Executive Officer, Mary Kay Inc.
Bent Tree Country Club
David Holl joined Mary Kay Inc. in June 1993, and in 1996, he became Senior Vice President, Chief Financial Officer and Treasurer. In October 1999, David was promoted to Executive Vice President and Chief Financial Officer. In October 2001, he was named President and Chief Operating Officer. In April 2006, David was promoted to Chief Executive Officer. Prior to joining the Mary Kay family, he was a Vice President at Citibank, based in New York. Preceding Citibank, David was a Financial Analyst for Union Texas Petroleum.
Holl's position at Mary Kay is unique in that he succeeded company co-founder, Richard Rogers, son of the late Mary Kay Ash. Rogers, now executive chairman, had resumed duties as CEO shortly before Mary Kay Ash passed away in 2001. The Company remains privately held, and ranks among the world's largest direct sellers of cosmetics, with wholesale sales in excess of $2.2 billion. With a worldwide independent sales force exceeding 1.6 million, Mary Kay is best known for its people-oriented culture and principles developed by the extraordinary woman who began her dream company on a shoestring with five products in a small storefront in Dallas in 1963.
As President and Chief Executive Officer, David is responsible for the day-to-day leadership of the Company with world headquarters in Dallas, five regional distribution centers in the U.S. and operations in well over 30 international markets, including Russia, China, Brazil and India. Mary Kay develops, tests, manufactures and packages the majority of its own products at state-of-the-art plants in Dallas and in China. As a direct seller with a generous marketing plan, the independent sales force purchases Mary KayŽ products from the Company at wholesale and sells them at retail to end consumers.
David is a member of the Mary Kay Inc. Board of Directors. He also serves on the board of the Personal Care Products Council (PCPC). At the World Federation of Direct Selling Association, David is a member of the CEO Council, and he serves various civic boards, including the Dallas Chamber, The Nature Conservancy and the YWCA.
He is a graduate of Clemson University, where he earned a Bachelor of Science in finance. David earned his M.B.A. from the University of South Carolina, where he was designated the outstanding M.B.A. candidate.
David has been married to Suzanne for 21 years. They have three daughters -- Brittany, 17; Sara, 15; and Rachel, 11.