NEW YORK--(BUSINESS WIRE)--Mar. 7, 2017--
Coty Inc. (NYSE:COTY) today announced that Esi Eggleston Bracey,
President Coty Consumer Beauty, has decided to leave Coty for personal
reasons. Esi will remain with Coty for a transition period through the
end of March. Laurent Kleitman, currently Executive Vice President
Global Hair Care category at Unilever, has been appointed President Coty
Consumer Beauty. Laurent will report directly to Camillo Pane, Coty’s
CEO, and will be a member of the Coty Executive Committee.
Camillo Pane CEO Coty said, “My thanks, and those of our Board and
Executive Committee members, go to Esi for her passion and commitment to
the company during the merger process and since joining us in October
2016. We wish Esi great success in her next steps.
“I am delighted to welcome Laurent to Coty. Laurent brings 29 years of
international consumer goods experience, plus broad commercial and
operational leadership in running a multibillion-dollar international
division in the consumer beauty sector. He has a strong track record for
commercial growth in a consumer environment. Laurent has lived and
worked in many countries around the world, and has an outlook and
attitude that are well aligned to Coty’s new ambition and culture.”
Laurent has been Executive Vice President Global Hair Care category at
Unilever since 2015. The Global Hair category is a significant part of
Unilever’s 20bn-Euro Personal Care division, which is one of Unilever’s
fastest growing divisions. Prior to this role, Laurent was CEO of
Unilever Russia, Ukraine & Belarus, and prior to that he spent three
years leading LVMH in Russia including the Perfumes & Cosmetics
business, where he took the business back to growth after the 2008
crisis. Laurent started his career in Unilever in marketing and has
worked in Russia, Thailand, Italy, UK and France. His experience in the
consumer goods industry spans beauty (including color cosmetics, skin
care, fragrance, hair), luxury fashion, and personal and home care.
Laurent will take up his new role on May 15, 2017, and will be located
in Coty’s Consumer Beauty headquarters in New York. During the interim
period, Camillo will directly oversee the Consumer Beauty division.
About Coty Inc.
Coty is one of the world’s largest beauty companies with approximately
$9 billion in revenue, with a purpose to celebrate and liberate the
diversity of consumers’ beauty. Its strong entrepreneurial heritage has
created an iconic portfolio of leading beauty brands. Coty is the global
leader in fragrance, a strong number two in professional salon hair
color & styling, and number three in color cosmetics. Coty operates
three divisions – Coty Consumer Beauty, which is focused on color
cosmetics, retail hair coloring and styling products, body care and mass
fragrances sold primarily in the mass retail channels with brands such
as COVERGIRL, Max Factor and Rimmel; Coty Luxury, which is focused on
prestige fragrances and skincare with brands such as Calvin Klein, Marc
Jacobs, Hugo Boss, Gucci and philosophy; and Coty Professional Beauty,
which is focused on servicing salon owners and professionals in both
hair and nail, with brands such as Wella Professionals, Sebastian
Professional, OPI and ghd. Coty has approximately 20,000 colleagues
globally and its products are sold in over 130 countries. Coty and its
brands are committed to a range of social causes as well as seeking to
minimize its impact on the environment.
For additional information about Coty Inc., please visit www.coty.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170307005895/en/
Source: Coty Inc.
Coty:
Investor Relations
Kevin Monaco, +1 212 389 6815
Or
Media
Jennifer
Friedman, +1 212 389 7175
Jennifer_Friedman@cotyinc.com