Brings Extensive Industry Experience in Senior Management and
Marketing Roles
Senior Executive Will Join the Global Beauty Company’s Executive
Committee
NEW YORK--(BUSINESS WIRE)--Apr. 14, 2015--
Coty (NYSE:COTY) announced today the appointment of Camillo Pane as EVP
Category Development, effective July. Mr. Pane will join the Executive
Committee and report to Bart Becht, Chairman and Interim Chief Executive
Officer. Mr. Pane succeeds Renato Semerari, who will remain in his role
for the transition period.
Camillo Pane (Photo: Business Wire)
Mr. Pane’s responsibilities will include the development of strategies,
innovations and support programs for Coty’s categories & brands across
all its businesses of Fragrances, Color Cosmetics, Skin Care and Body
Care.
Mr. Pane was most recently Senior Vice President, Global Category
Officer Consumer Health at Reckitt Benckiser. In that role, he was
responsible for managing one of the largest and fastest growing
categories at Reckitt Benckiser. He started with Kraft and was with
Reckitt Benckiser for 19 years in local marketing, general management
and global category development roles across a very broad variety of
categories & brands in Italy, USA, Brazil and the UK.
“Camillo is one of the most respected leaders in the consumer goods
industry and I am very pleased that he will be joining the Coty team,”
said Mr. Becht. “Coty will continue with its strategy of investment and
revenue growth on its power brands while returning to profitable growth
behind its efficiency programs. This makes the Category & Brand
development mission critical and Camillo’s extensive experience in this
area will make Coty more competitive and help the company execute its
strategy.”
“I am truly honored to be joining Coty, a company I have admired
throughout my career in the beauty industry,” said Mr. Pane. “I am
looking forward to applying my experience and skill set to help Coty
continue its relentless focus on cultivating leading brands and driving
innovation.”
Mr. Pane graduated from the Universitá Commerciale Luigi Bocconi with a
degree in business administration and speaks fluent English and
Portuguese in addition to native Italian.
Forward-Looking Statements
Certain statements in this press release are forward-looking statements.
These forward-looking statements reflect Coty’s current views with
respect to its management, strategy and competitive position. These
forward-looking statements are generally identified by words or phrases
such as “opportunity,” “potential,” “could,” “intend,” “will,” “would”,
“continue” and similar words or phrases. Actual results may differ
materially from the results predicted due to various risks and
uncertainties, including our ability to retain key personnel and
difficulties in implementing our strategies, including any inaccuracies
in assumptions regarding such strategies. More information about
potential risks and uncertainties that could affect Coty’s business and
financial results, including our competitive position, is included under
“Risk Factors” and “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” in Coty’s Annual Report on Form
10-K for the fiscal year ended June 30, 2014, and other periodic reports
Coty has filed and may file with the Securities and Exchange Commission
from time to time. Coty assumes no responsibility to update
forward-looking statements made herein or otherwise.
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, Chloe, DAVIDOFF, Marc Jacobs, OPI, philosophy, Playboy,
Rimmel and Sally Hansen.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20150414005391/en/
Source: Coty Inc.
Coty Inc.
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