Markus Strobel is continuing to implement the strategic transformation plan unveiled at the start of the year. The interim Executive Chairman and CEO of Coty has announced a series of organizational changes aimed at enabling the company to move faster.
As part of these changes, Strobel will take direct control of Prestige commercial operations, with Coty’s regional leaders reporting to him. “The change brings leadership closer to the markets, speeds up decision-making, and sharpens accountability for sell-out and market share,” said Coty in a press release.
Furthermore, Coty will integrate Prestige R&D and sustainability with supply chain into one simplified function under the interim leadership of Graeme Carter, Chief Supply Chain Officer. According to the group, bringing prestige innovation, sustainability, and supply chain together under one leader will streamline how the company develops and delivers behind its core businesses.
Gordon von Bretten, President of Consumer Beauty, will continue to drive an already integrated model in Consumer Beauty.
However, Caroline Andreotti, Chief Commercial Officer Prestige, and Dr. Shimei Fan, Chief Scientific and Sustainability Officer, will leave Coty.
For her part, Priya Srinivasan, Chief People and Purpose Officer, has decided to step down for personal reasons and will leave Coty in August. Her successor, Séverine Charbon will join Coty effective September 1. She brings more than 25 years of international experience in talent strategy and organizational transformation, most recently as Chief Talent Officer International at Publicis Groupe.
