Coty poised to appoint first female Member of the Board

Coty poised to appoint first female Member of the Board

US fragrance and cosmetics company Coty is said to be planning to appoint a woman to its Board of Directors by July, according to a report published by The Street.

If it goes ahead, the move will reduce the number of S&P 500 companies without women in the boardroom to four. Coty is currently one of just five S&P 500 companies with an all-male board, and the only fragrance and cosmetics company where women are not represented at board level.

A spokesperson for the company who declined to be named told The Street in an email statement that a board composed of directors who have ‘diverse personal background and experiences’ is a ‘priority for the company’.

 

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