Brazilian cosmetics giant Natura &Co has announced David Boynton is stepping down as Chief Executive of The Body Shop. Ian Bickley, member of the Natura &Co Board, has been appointed as interim CEO.
Boynton was named CEO in late 2017, following Natura’s acquisition of The Body Shop from L’Oréal in June the same year. He was previously the CEO of British men’s clothing chain Charles Tyrwhitt and also held several positions at L’Occitane during a 10-year period.
In a statement, Natura thanked David Boynton for having led a brand and business transformation following the acquisition and having steered the company through “extraordinary circumstances”, including the global pandemic, the war in Ukraine, supply chain and cost inflation challenges, and consumer uncertainty.
Succeeding David Boynton, interim CEO Ian Bickley is an expert in the retail and branded consumer goods sector, with a successful track record in accelerating the international growth of Coach and Crocs.
In his new role, Ian will be working closely with The Body Shop’s Executive Leadership Team to refine and expand upon the current business plan and accelerate the transformation agenda, to speed up the road to profitability together with a return to sustainable revenue. He will also be working closely with Natura &Co Leadership to find a permanent successor to David. “Ian’s experience and insights during his tenure will be invaluable in shaping the future of The Body Shop,” added the group.
