Coty & Kylie Name CEO

Kylie Cosmetics has a new boss. Coty Inc. and Kylie Jenner have completed the transaction to create a long-term strategic partnership in order to jointly build and further develop Jenner’s existing beauty business into a global powerhouse brand. To drive growth, enter new markets and new regions, Christoph Honnefelder will assume the role of CEO of Kylie Cosmetics and the soon-to-launch Kylie Skin. Prior to this appointment, Honnefelder was executive vice president for assortment & purchasing and a member of the Executive Committee at Douglas, a leading European specialty beauty retailer with more than 2200 doors. Prior to Douglas, he spent nine years at German consumer goods and coffee retailer Tchibo in various senior management positions and began his career at The Boston Consulting Group.

“I’m excited to welcome Christoph to the team and look forward to the continued growth of Kylie Cosmetics and Kylie Skin,” said Kylie Jenner.

Pierre Laubies, Coty’s chief executive officer, said, “We are pleased to complete this transaction and partner with Kylie Jenner to build a high growth, digitally native beauty brand.”

According to Coty, Jenner and her team will continue to lead all creative efforts in terms of product and communications initiatives, building on her unrivalled global reach capabilities through social media. Coty will have overall responsibility for the portfolio’s development, leveraging its global knowledge and capabilities in R&D, manufacturing, distribution, commercial and go-to-market expertise, as well as its deep understanding of the fragrances, cosmetics and skincare categories. The company intends to continue to work with the current strategic partners in existing product categories.