NEW YORK--(BUSINESS WIRE)--Jun. 8, 2015--
Coty Inc. (NYSE: COTY) announced today that it has added Paul S.
Michaels, former Global President of Mars, Incorporated, to the
company’s Board of Directors.
Paul S. Michaels will bring extensive consumer goods experience to Coty.
During his time at Mars, he led efforts to strengthen the company’s
portfolio of businesses through brand revitalization and product
innovation. Paul S. Michaels and his team are credited with achieving
record growth by refocusing Mars on its core business, emphasizing
operational efficiency and developing a high-performance culture.
“Paul S. Michaels is one of the most highly respected leaders in the
consumer goods industry and we are excited to add him to Coty’s Board of
Directors,” said Bart Becht, Chairman and Interim CEO of Coty. “His
expertise and creativity in working with global brands will be a
tremendous asset to the company as we continue to pursue our strategy of
returning Coty to profitable growth behind its brand building and
efficiency programs.”
Paul S. Michaels began his career at The Procter & Gamble Company and
later moved to Johnson & Johnson, where he spent 15 years building many
of the company’s flagship brands. This included building and positioning
as global leaders Johnson & Johnson’s health and beauty products such as
Band-Aid Brand Adhesive Bandages, REACH Toothbrushes and JOHNSON’s Baby
Shampoo, among others.
“I have admired Coty for a number of years and I am looking forward to
working with my fellow directors to help guide Coty to its next phase of
growth,” said Paul S. Michaels. “I have immense respect for Bart and his
colleagues and feel that Coty is poised to enhance its leadership
position in the global beauty industry.”
About Coty Inc.
Coty is a leading global 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
power brands as adidas, Calvin Klein, Chloé, DAVIDOFF, Marc Jacobs, OPI,
philosophy, Playboy, Rimmel and Sally Hansen.
For additional information about Coty Inc., please visit www.coty.com.
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Source: Coty Inc.
For Coty Inc.
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