09.19.24
Ipsy, the world's largest beauty membership, has appointed Galen C. Smith as its new Chief Executive Officer, effective immediately.
With over two decades of public company leadership and expertise in membership-based business models, Smith brings a wealth of experience and a track record of delivering results to Ipsy. As CEO, he hopes to position the brand as a leader and innovator in the beauty industry.
Marcelo Camberos, Ipsy co-founder and Chairman of the Board, said,
"Galen is a customer-centric leader who shares IPSY's dedication to our members, has a passion for our mission, and understands the power of a strong brand. He's a proven transformational brand builder and his experience guiding companies through new innovation cycles will be invaluable. I'm excited for his visionary leadership as we move into this next growth stage."
Prior to Ipsy, Galen served as CEO of Redbox Entertainment Inc. for six years. During that time, he led the company to transform from a legacy DVD rental business into a multi-faceted digital entertainment company. He left Redbox following its IPO and acquisition in 2022.
He began his career at Morgan Stanley and served in various leadership roles at Outerwall, a publicly traded provider of automated retail solutions (including Coinstar, Redbox, and ecoATM) until its acquisition by Apollo Global Management in 2016.
In addition to his executive roles, Galen has served on the board of directors of CareerBuilder and Disruptive Technology Acquisition Corp. Currently, he serves as a Board Advisor to Kudo Snacks.
Smith commented,
"There are very few brands with the power and potential of IPSY. This innovative company has made beauty discovery accessible to millions of passionate fans, enabling self-expression, joy, and confidence. I couldn't be more excited to join this talented team and take it to the next level.”
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With over two decades of public company leadership and expertise in membership-based business models, Smith brings a wealth of experience and a track record of delivering results to Ipsy. As CEO, he hopes to position the brand as a leader and innovator in the beauty industry.
Marcelo Camberos, Ipsy co-founder and Chairman of the Board, said,
"Galen is a customer-centric leader who shares IPSY's dedication to our members, has a passion for our mission, and understands the power of a strong brand. He's a proven transformational brand builder and his experience guiding companies through new innovation cycles will be invaluable. I'm excited for his visionary leadership as we move into this next growth stage."
Prior to Ipsy, Galen served as CEO of Redbox Entertainment Inc. for six years. During that time, he led the company to transform from a legacy DVD rental business into a multi-faceted digital entertainment company. He left Redbox following its IPO and acquisition in 2022.
He began his career at Morgan Stanley and served in various leadership roles at Outerwall, a publicly traded provider of automated retail solutions (including Coinstar, Redbox, and ecoATM) until its acquisition by Apollo Global Management in 2016.
In addition to his executive roles, Galen has served on the board of directors of CareerBuilder and Disruptive Technology Acquisition Corp. Currently, he serves as a Board Advisor to Kudo Snacks.
Smith commented,
"There are very few brands with the power and potential of IPSY. This innovative company has made beauty discovery accessible to millions of passionate fans, enabling self-expression, joy, and confidence. I couldn't be more excited to join this talented team and take it to the next level.”
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