BeautiControl Founder Richard Heath Retires.To download high-resolution, print-ready JPEG JPEG in full Joint Photographic Experts Group Standard computer file format for storing graphic images in a compressed form for general use. JPEG images are compressed using a mathematical algorithm. images, click on the thumbnail image above. WARNING: these images are very large (800K+) Click here for caption Photo Editors/Business Editors NOTE TO MEDIA: Multimedia assets available A photo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.082003/bb13 DALLAS--(BUSINESS WIRE)--Aug. 20, 2003 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 United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada and Puerto Rico. Under Mr. Heath's leadership, BeautiControl became a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. 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 OTC See: Over-the-counter. OTC See over-the-counter market (OTC). Review's "100 Most Profitable NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on 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. "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 DWH Data Warehouse DWH Die with Honor (game) DWH Domestic Water Heater DWH Doubtful Will Hold (fire service) DWH During Working Hours DWH DISA WESTHEM DWH David Ward Hypnosis 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. Note: A photo is available at URL: http://www.businesswire.com/cgi-bin/photo.cgi?pw.082003/bb13 |
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