Katie Rodan

About Katie Rodan

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.