08.02.21
Switzerland
www.wella.com
Sales: $2.0 billion
Key personnel
Annie Young-Scrivner, chief executive officer; Stephanie Gemmell, chief procurement officer
Major products
Hair care: Wella Professional, Nioxin, OPI, GHD, Clairol, Sebastian Professional, Seb Man, Wedo/Professional, System Professional, Kadus Professional, Londa Professional, Wella, Sassoon Professional, Clairol Professional
New products
Clairol Professional: Flare Me Blue, Flare Me Power to the Purple and Flare Me Permanent hair colors; Wella: Koleston Luminous Night Collection, Marula Oil Blend Scalp Primer; Londa Professional: Coffee Brown and Pearl Blonde masks; System Professional: Color Save; Sebastian Professional: Thickefy Foam; OPI: Malibu Infinite Shine nail color, Powder Perfection; Nioxin: Scalp Relief System; Wella Professional: Creatine + Curl and Creatine + Wave
Comments: Last year Coty sold 60% of Wella to KKR for $2.5 billion. Before the deal was completed, KKR named Annie Young-Scrivner as the new CEO. She joined Wella from Godiva Chocolatier where she served as CEO for the last three years. Prior to that post, Young-Scrivner spent seven years in a number of senior positions at Starbucks Corporation where she helped elevate the brand and customer experience while fueling an innovation pipeline that led to double-digit growth. She started her career at PepsiCo Inc. where she held senior leadership roles in sales, marketing and general management during her 19-year tenure with the business.
In an interview with Thrive Global to commemorate International Women’s Day, Young-Scrivner said authentic beauty is the reflection of one’s gifts, passions, pains and life experiences in daily manifest. It is who you are.
“Nothing is more beautiful than a woman who is confident and at peace with her sense of self,” she added.
In March, Wella conducted a a meta-analysis of existing research, fielded a beauty professional survey to 600 beauty professionals and collected stories from women in the industry for its “An Inside Look at Gender Equity in Professional Beauty.”
“While women dominate the professional beauty service industry in sheer numbers, they are still working towards equal pay and securing positions of decision-making. Moreover, due to the pandemic, women are losing their jobs or dropping out of the workforce in growing numbers due to caregiving responsibilities and pay inequality,” wrote Young-Scrivner.
The company noted that of the top seven global professional beauty companies (L’Oréal, John Paul Mitchell Systems, Pravana, Estée Lauder Companies, Coty, Henkel and Wella), males hold five of the CEO roles. The ratio changed for the better in June when Michaeline DeJoria was named CEO of JPMS.
www.wella.com
Sales: $2.0 billion
Key personnel
Annie Young-Scrivner, chief executive officer; Stephanie Gemmell, chief procurement officer
Major products
Hair care: Wella Professional, Nioxin, OPI, GHD, Clairol, Sebastian Professional, Seb Man, Wedo/Professional, System Professional, Kadus Professional, Londa Professional, Wella, Sassoon Professional, Clairol Professional
New products
Clairol Professional: Flare Me Blue, Flare Me Power to the Purple and Flare Me Permanent hair colors; Wella: Koleston Luminous Night Collection, Marula Oil Blend Scalp Primer; Londa Professional: Coffee Brown and Pearl Blonde masks; System Professional: Color Save; Sebastian Professional: Thickefy Foam; OPI: Malibu Infinite Shine nail color, Powder Perfection; Nioxin: Scalp Relief System; Wella Professional: Creatine + Curl and Creatine + Wave
Comments: Last year Coty sold 60% of Wella to KKR for $2.5 billion. Before the deal was completed, KKR named Annie Young-Scrivner as the new CEO. She joined Wella from Godiva Chocolatier where she served as CEO for the last three years. Prior to that post, Young-Scrivner spent seven years in a number of senior positions at Starbucks Corporation where she helped elevate the brand and customer experience while fueling an innovation pipeline that led to double-digit growth. She started her career at PepsiCo Inc. where she held senior leadership roles in sales, marketing and general management during her 19-year tenure with the business.
In an interview with Thrive Global to commemorate International Women’s Day, Young-Scrivner said authentic beauty is the reflection of one’s gifts, passions, pains and life experiences in daily manifest. It is who you are.
“Nothing is more beautiful than a woman who is confident and at peace with her sense of self,” she added.
In March, Wella conducted a a meta-analysis of existing research, fielded a beauty professional survey to 600 beauty professionals and collected stories from women in the industry for its “An Inside Look at Gender Equity in Professional Beauty.”
“While women dominate the professional beauty service industry in sheer numbers, they are still working towards equal pay and securing positions of decision-making. Moreover, due to the pandemic, women are losing their jobs or dropping out of the workforce in growing numbers due to caregiving responsibilities and pay inequality,” wrote Young-Scrivner.
The company noted that of the top seven global professional beauty companies (L’Oréal, John Paul Mitchell Systems, Pravana, Estée Lauder Companies, Coty, Henkel and Wella), males hold five of the CEO roles. The ratio changed for the better in June when Michaeline DeJoria was named CEO of JPMS.