Selena Gomez is not the CEO of a company; rather, she is the founder and owner of the successful cosmetics brand, Rare Beauty. While she established the company and maintains ownership, the role of CEO is held by Scott Friedman.
Selena Gomez's Visionary Role at Rare Beauty
Selena Gomez launched Rare Beauty with a mission to challenge beauty standards and promote self-acceptance. As the founder and owner, she is the visionary behind the brand, actively shaping its direction, product development, and overall ethos. Her personal connection to mental health advocacy is deeply integrated into the brand's identity and initiatives. Rare Beauty operates within the competitive cosmetics industry, offering a range of makeup products designed to be inclusive and empowering.
Leadership Structure at Rare Beauty
While Selena Gomez provides the creative and foundational leadership for Rare Beauty, the day-to-day executive management is overseen by a dedicated team.
- Founder & Owner: Selena Gomez
- CEO: Scott Friedman
- Creative Director: Josh Gurrie
This structure allows Gomez to focus on the brand's overarching message and product vision, while the CEO manages the operational and business strategies.
Rare Beauty's Market Presence and Success
Under this leadership, Rare Beauty has rapidly grown into a significant player in the cosmetics market. The company achieved substantial success, reporting US$ 300 million in revenue in 2023. This financial achievement underscores the brand's popularity and effective business model, which combines high-quality products with a strong social mission.
| Key Aspect | Detail |
|---|---|
| Trade Name | Rare Beauty |
| Founder | Selena Gomez |
| Owner | Selena Gomez |
| CEO | Scott Friedman |
| Products | Cosmetics |
| 2023 Revenue | US$ 300 million |
Understanding Founder vs. CEO
It's important to distinguish between the roles of a founder/owner and a CEO:
- Founder: The individual who conceives and establishes the company. They often set the initial vision and culture.
- Owner: The individual or entity that holds equity in the company. Selena Gomez owns Rare Beauty.
- CEO (Chief Executive Officer): The highest-ranking executive in a company, responsible for managing its overall operations and resources. They often report to the board of directors or the owner(s) and implement the company's strategies and policies.
In the case of Rare Beauty, Selena Gomez, as the founder and owner, has entrusted the CEO role to Scott Friedman, allowing the brand to benefit from both her creative direction and professional executive management.
