Urban Decay CEO Said to Be Heading to Drunk Elephant

Tim Warner, chief executive officer of Urban Decay, is said to be heading to the startup world and one of the hottest beauty brands around, Drunk Elephant. A spokeswoman from Urban Decay confirmed to WWD Tuesday that Warner is leaving his post at the L’Oréal-owned company to “pursue an entrepreneurial opportunity.” Elaine MacNeil, currently senior vice president of U.S. sales at the brand, will be stepping into the role of general manager. Tiffany Masterson, founder of Drunk Elephant, declined to comment on whether Warner will join the fast growing skin-care brand. It’s rumored that Drunk Elephant approached Warner earlier this year, following speculation that The Estée Lauder Cos. Inc. and L’Oréal showed significant interest in acquiring the company. Masterson said in late 2016 that she was in talks with private equity and strategic players – but that the company was not for sale. An industry source said the two-and-a-half-year-old brand poached Warner to run its business on the heels of securing an investment in March from VMG Partners, which took a minority stake in Drunk Elephant for an undisclosed amount. Robin Tsai, principal at VMG, declined to comment on specifics relating to the investment or whether Warner is heading to the company. “He’s [Warner] been a proven leader who’s

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