Shiseido has created a Chief Growth Officer role as part of its future strategy to realize sustainable growth. The Japanese cosmetics manufacturer has named Shiseido Americas President and CEO, Marc Rey, to the role, effective January 1, 2019.
In addition to his current responsibilities, Rey will oversee global M&A for the company, working with Shiseido’s Tokyo HQ. In addition, the company’s newly established Technology Acceleration Hub will report to him. The hub is based in Cambridge, Massachusetts and is dedicated to creating disruptive models for consumer engagement and intimacy. The hub will be led by Jim Mainard who joins the company from DreamWorks Animation as President of the Technology Acceleration Hub on November 12.
To support Rey in his expanded role, Ron Gee, Chief Financial Officer of Shiseido Americas has been named Global M&A leader for Shiseido, overseeing a newly established M&A team to oversee the company’s acquisition strategy across all geographies and categories.
“Shiseido is in the second phase of our VISION 2020 strategy, and we remain firmly committed to global growth in our portfolio through digital acceleration, new business development and new value creation through innovation, acquisitions and partnerships,” said Masahiko Uotani, President and CEO of Shiseido. “During his tenure, Marc has led, with great success, acquisitions in both technology and traditional beauty which are helping to pave the way for Shiseido’s future growth toward 2020 and beyond. With Marc as Chief Growth Officer, we are ensuring that sustained growth remains at the forefront of our company’s strategy. With the support of a global M&A group headed by Ron, we are squarely focused on putting external growth at the core of our business strategy in the near and long term.”
Marc Rey, CEO of Shiseido Americas and Shiseido Chief Growth Officer, added, “There has never been a more exciting time in the beauty industry. A strong M&A strategy with continued development of new technologies is what keeps growth sustainable. Indeed, engagement and intimacy with the consumer will bring long-term value to the Group. This enhanced structure, with M&A and technology as our key enablers, will help us to more proactively seek new business partnerships, while keeping technological innovation at the core of everything we do.”