Leslie Blodgett at work |
Two years ago, when Leslie Blodgett, CEO of Bare Escentuals, first received an acquisition offer of $1.7 billion from Shiseido, Japan’s largest cosmetic company, she was well aware that the deal hinged on her remaining in her role. But she also knew that after 16 years as CEO, she wanted to pull back for awhile to focus again on the creative end of the business. After convincing Shiseido executives that her COO could handily step into her shoes, she literally “pulled the title executive chairman out of a hat,” and the deal was signed; she reports to the COO of Global Business at Shiseido.