Katie Rodan
Overview
- Source of Wealth
- skin care
- Industry
- Fashion & Retail
- Residence
- Orinda, California
- Education
- University of Southern California (Medical Doctor)University of Virginia (Bachelor of Arts/Science)
- Marital Status
- Married
- Children
- 2
Biography
Dermatologist Rodan co-created acne treatment Proactiv and launched skin-care company Rodan + Fields with longtime business partner Kathy Fields.
In May 2018, private equity firm TPG spent $1 billion to buy a 25% stake in Rodan + Fields.
Rodan + Fields borrowed $600 million in junk bonds in June 2018 and used it to pay the founders a dividend.
Revenues of Rodan + Fields grew 50% in 2017 to $1.5 billion; the direct marketing firm conducts sales through 300,000 'consultants.'
In 2016, the two dermatologists sold their Proactiv royalties to a joint venture between Guthy Renker and Nestle, which markets the product.
About
Rodan is also an adjunct associate professor of dermatology at Stanford Medical School and has a part time private practice in Oakland, Calif.
She met Fields while they were dermatology residents at Stanford.