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Coty Appoints New CEO

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By: Jamie Matusow

Editor-in-Chief


In mid-November, Coty Inc. announced the resignation of Camillo Pane, current CEO of Coty, for family reasons. Pierre Laubies was appointed as the new CEO of Coty.

Coty says 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.

Coty also announced that the Board is commencing a renewal process to bring new perspectives to the company and strengthen independent director representation. Specifically, the Board has agreed and started a process to add two new independent Board members with deep commercial and financial experience. In addition, Peter Harf is taking over the chairman role from Bart Becht and the Board has decided to appoint Erhard Schoewel as its lead independent director.

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