11.12.18
Coty Inc. today announced the resignation of Camillo Pane, current CEO, for family reasons and the appointment of Pierre Laubies as the new CEO, effective immediately.
Laubies has a “wealth of operational and financial experience” in the consumer packaged goods industry gained from his time at both Mars and Jacobs Douwe Egberts (JDE). Until recently, he was CEO of JDE, a leading player in the global coffee category.
“We are very grateful for Camillo’s many contributions to Coty during his time as CEO. His leadership was critically important during Coty’s integration of the P&G Specialty Beauty Business. Following the transaction, Camillo greatly accelerated the growth of the Luxury and Professional businesses, built a much stronger management team and delivered on the synergy commitments associated with the transaction. We are all very thankful for Camillo’s valued service, his exemplary leadership and his passion for beauty and Coty’s brands and people over the last years,” said Bart Becht, chairman, who is also exiting the company today stemming from Coty’s plan to commence a “renewal process to bring new perspectives to the company.”
Peter Harf is taking over the chairman role from Becht, according to Coty.
In addition, Coty’s board appointed Erhard Schoewel as its lead independent director.
Laubies has a “wealth of operational and financial experience” in the consumer packaged goods industry gained from his time at both Mars and Jacobs Douwe Egberts (JDE). Until recently, he was CEO of JDE, a leading player in the global coffee category.
“We are very grateful for Camillo’s many contributions to Coty during his time as CEO. His leadership was critically important during Coty’s integration of the P&G Specialty Beauty Business. Following the transaction, Camillo greatly accelerated the growth of the Luxury and Professional businesses, built a much stronger management team and delivered on the synergy commitments associated with the transaction. We are all very thankful for Camillo’s valued service, his exemplary leadership and his passion for beauty and Coty’s brands and people over the last years,” said Bart Becht, chairman, who is also exiting the company today stemming from Coty’s plan to commence a “renewal process to bring new perspectives to the company.”
Peter Harf is taking over the chairman role from Becht, according to Coty.
In addition, Coty’s board appointed Erhard Schoewel as its lead independent director.
