Coty has announced a series of executive leadership changes to ‘support its ongoing transformation and future growth’.
The US beauty behemoth has named Pierre-Andre Terisse Chief Financial Officer and a member of the Executive Committee, effective February 1.
Meanwhile, Coty CEO Pierre Laubies will assume leadership of the strategic vision for the Consumer Beauty division, supported by new hire Gianni Pieraccioni who joins as COO Consumer Beauty and a member of the Executive Committee, effectively replacing Laurent Kleitman, President Consumer Beauty who is leaving the company ‘to pursue other opportunities’. Pieraccioni’s new role commences today.
And last, Luc Volatier has been appointed Chief Global Supply Officer and a member of the Executive Committee, effective immediately. Volatier joins from Douwe Egberts and replaces Mario Reis who has resigned from his role as Chief Global Supply Officer.
In addition, Coty is waving goodbye to Esra Erkal-Paler, Chief Corporate Affairs Officer who joined the company last May and is also said to be leaving the company to ‘pursue other opportunities’. Her function will be absorbed into Coty’s three divisions and functions.
“Today’s organizational changes are important steps in supporting our ongoing transformation, as we complete the P&G Specialty Beauty Business integration and design our strategic roadmap for future growth,” said Laubies. “Since my arrival in mid-November, I have spent extensive time with the divisional, regional and functional teams to assess Coty’s strengths and opportunities. From my preliminary assessment, Consumer Beauty and Supply Chain are areas that require an immediate step-change in capabilities, the latter being necessary to leverage further the significant footprint optimization implemented over the last two years. Consequently, I will assume personal responsibility for the Consumer Beauty division so that I can oversee the continuing transformation of this business.”