02.03.16
Coty Inc.: announced a new organizational structure and the future leadership team for the company, both of which will become effective subject to completion of Coty’s acquisition of Procter & Gamble’s fine fragrance, color cosmetics, salon professional and hair color and styling businesses.
As part of the announcement, Coty appointed Sylvie Moreau, current executive vice president of Wella, the Salon Division of P&G, as the president of its future Coty Professional Beauty Division. Coty Professional Beauty Division will be one of Coty’s three divisions post-merger (alongside Coty Luxury and Consumer Beauty Division), focused on delighting salon owners and salon professionals in both professional hair and nail care. The division will include the full Wella P&G Salon Professional hair portfolio and Coty’s OPI brand.
The merger with Coty is expected to close in second half of 2016, at which point Moreau will transfer to Coty and her appointment will enter into effect. Until then, Moreau will remain at P&G and continue her global leadership role in Wella.
In other news, Coty recently appointed Andraea Dawson-Shepherd to the newly-created position of senior vice president, corporate affairs, reporting to Coty chairman and interim CEO Bart Becht. Dawson-Shepherd will lead Coty’s communication and corporate affairs agenda as the company continues its expansion and transformation.
As part of the announcement, Coty appointed Sylvie Moreau, current executive vice president of Wella, the Salon Division of P&G, as the president of its future Coty Professional Beauty Division. Coty Professional Beauty Division will be one of Coty’s three divisions post-merger (alongside Coty Luxury and Consumer Beauty Division), focused on delighting salon owners and salon professionals in both professional hair and nail care. The division will include the full Wella P&G Salon Professional hair portfolio and Coty’s OPI brand.
The merger with Coty is expected to close in second half of 2016, at which point Moreau will transfer to Coty and her appointment will enter into effect. Until then, Moreau will remain at P&G and continue her global leadership role in Wella.
In other news, Coty recently appointed Andraea Dawson-Shepherd to the newly-created position of senior vice president, corporate affairs, reporting to Coty chairman and interim CEO Bart Becht. Dawson-Shepherd will lead Coty’s communication and corporate affairs agenda as the company continues its expansion and transformation.