06.23.15
Coty announced today that Bart Becht will remain as interim CEO as Elio Leoni Sceti, who had been set to assume the role of CEO next month, has reconsidered and will not to join the beauty firm.
“After further discussion, the Coty board of directors determined that leadership continuity is critical in ensuring the continued success of Coty’s strategy implementation. We certainly understand Elio’s decision not to join Coty as planned, thank him for his professionalism throughout this process and we wish him all the best in his future endeavors,” Peter Harf, director and chairman of the remuneration and nomination committee of Coty, said in a press statement released today.
At press time, no further details were released by Coty.
“After further discussion, the Coty board of directors determined that leadership continuity is critical in ensuring the continued success of Coty’s strategy implementation. We certainly understand Elio’s decision not to join Coty as planned, thank him for his professionalism throughout this process and we wish him all the best in his future endeavors,” Peter Harf, director and chairman of the remuneration and nomination committee of Coty, said in a press statement released today.
At press time, no further details were released by Coty.