Seasoned Global Leader in the Consumer Category to Assume CEO Role
Bart Becht to Remain Chairman
NEW YORK--(BUSINESS WIRE)--Apr. 20, 2015--
Coty Inc. (NYSE:COTY) announced today that Elio Leoni Sceti, a seasoned
fast-moving consumer goods executive, will join Coty as Chief Executive
Officer. Bart Becht, Coty’s current interim CEO and Chairman, will
remain Chairman following the transition.
Elio Leoni Sceti (Photo: Business Wire)
Mr. Leoni Sceti brings a proven track record of devising and executing
corporate strategies to build global brands and achieve strong financial
results at consumer-oriented companies ranging from EMI Music to the
Iglo Group, where he currently serves as CEO. At the Iglo Group,
Europe’s leading frozen food company, he worked closely with colleagues
to successfully reframe the company’s growth and investment models
behind the “Better Meals Together” strategy, turning the market share
trends on its core Birds Eye, Iglo and Findus brands. Under his
leadership, Iglo captained an industry redefining Corporate Social
Responsibility program, centered on the benefit of freezing to reduce
food waste.
As CEO of EMI Music, he combined his passion for global consumer
branding and media with the love the music industry has for creative
talent, successfully returned the company to revenue growth and expanded
profit margins, reversing previous declines. He led EMI’s transformation
from a traditional record label into a consumer-led music company,
helping achieve the global success of established and new artists, such
as Coldplay, Katy Perry and David Guetta, and building the global reach
of catalogue masterpieces like the digital remaster of the Beatles full
collection. Mr. Leoni Sceti also worked for P&G and subsequently for 16
years in various marketing and senior leadership roles at Reckitt
Benckiser (RB), where he oversaw both the North American, European and
Global Categories during his tenure and consistently outperformed the
industry in terms of both revenue and profit growth.
“We are extremely pleased to welcome Elio to the top position at Coty,”
said Mr. Becht. “Elio’s significant experience and proven track record
in building successful, global brands will be a tremendous asset to Coty
as it continues to enhance its position in the Global Beauty industry. I
have known Elio on a professional level for many years, dating back to
our days together at RB, and I firmly believe he is the right leader to
oversee the next stage of Coty’s development.”
“I am honored and excited to be joining Coty at this important juncture
in the company’s growth,” said Mr. Leoni Sceti. “Coty combines my love
for building global brands with a passion for innovation and great
products that connect with consumers at an emotional level. I believe
there is an incredible opportunity to build upon Coty’s established,
leading global platform throughout the world, and I look forward to
working with all the company’s employees to build upon the amazing
collection of Coty global brands and beauty platforms.”
“I am also thrilled to be working again with Bart as my Chairman at
Coty. I hugely respect Bart’s vision and guidance, and look forward to
working with him. I am very much looking forward to taking Coty to new
heights.”
As CEO of Coty, Mr. Leoni Sceti, whose official start date will be July 1st,
2015, will be responsible for overseeing the growth of the company’s
portfolio of leading brands in the fragrances, color cosmetics and skin
and body care categories. His expertise in effectively managing multiple
global businesses across several industries will serve as a significant
asset for Coty, as the company’s leading brands are now sold in more
than 130 countries and territories.
Mr. Leoni Sceti, 49, is currently an independent member of the board of
directors of Anheuser-Busch InBev and he will remain as a non-executive
board member of Iglo Group. He serves as Chairman of Beamly, a social
and content discovery platform around television, and as Chairman of LSG
Holdings, an investment and advisory boutique. Mr. Leoni Sceti is also a
counselor at One Young World, a global forum bringing together future
leaders from more than 160 countries.
About Coty Inc.
Coty is a leading beauty company with net revenues of $4.6 billion for
the fiscal year ended June 30, 2014. Founded in Paris in 1904, Coty is a
pure play beauty company with a portfolio of well-known fragrances,
color cosmetics and skin & body care products sold in over 130 countries
and territories. Coty’s product offerings include such global brands as adidas,
Calvin Klein, Chloé, DAVIDOFF, Marc Jacobs, OPI, philosophy, Playboy,
Rimmel and Sally Hansen.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20150420005711/en/
Source: Coty Inc.
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