What the beauty industry’s biggest CEOs earn annually has been revealed.
From L'Oréal CEO Nicolas Hieronimus, Shiseido CEO Kentaro Fujiwara and Kering CEO Luca de Meo, to Estée Lauder Companies CEO Stéphane de La Faverie and Kenvue CEO Kirk Perry, what these executives earned in 2025 has been documented.
Cosmetics Business' list also includes the pay of Coty Interim CEO Markus Strobel and LVMH CEO and Chair Bernard Arnault.
Below, we outline the fixed and variable remuneration these CEOs received in 2025, as well as detail any grants, shares and perks.
Have you launched an innovative product, brand or campaign in the past 12 months? Then you could be in with a chance of winning at this year's new and improved Pure Beauty Awards 2026. Click here for more information.
L'Oréal CEO Nicolas Hieronimus
L'Oréal CEO Nicolas Hieronimus
Hieronimus, who helms the French beauty giant, received a total remuneration of €11.3m in 2025, which was composed of a fixed remuneration, variable remuneration and a performance share grant.
This was a 13.34% increase compared with his pay in 2024, which was €9.9m, as revealed in L’Oréal’s annual report for 2025.
Hieronimus received a fixed remuneration of €2.3m, and an annual variable remuneration of €2.7m, with the actual amount paid for the latter being reported at €2.04m.
Combined, the total allocated amounts were €5.06m, with €4.3m actually being paid.
On top of this, Hieronimus is also entitled to the value of performance shares granted during the financial year, and you can find out how much was allocated to him here.
Shiseido CEO Kentaro Fujiwara
Shiseido CEO Kentaro Fujiwara
Fujiwara, who became CEO of the Japanese company in January 2025, was rewarded with a performance-related incentive and stock options, on top of basic pay, during his first year in the job.
In total, Fujiwara earned US$2.2m last year, according to documents published by Shiseido, which unveiled its C-suite executives' pay.
$887,000 of the amount Fujiwara received was in cash, and that was made up of basic pay ($453,000) and an annual incentive ($434,000), which is based on performance.
He also earned $1.34m in stock compensation as part of the company’s long-term incentive plan – Fujiwara has worked at Shiseido since 1991 in a number of leadership roles.
Kering CEO Luca de Meo
Kering CEO Luca de Meo
De Meo, who took on the role of Kering CEO in September 2025, has an annual fixed remuneration of €2.2m, but also received a €20m sign-on bonus, according to 2025 documents filed by the company.
The bonus is compensation for remuneration elements lost by Luca de Meo upon joining Kering – his salary at his previous job, CEO of automobile company Renault Group, was estimated to be €12.9m, according to Reuters.
This signing-on bonus breaks down to
Not yet a Subscriber?
This is a small extract of the full article which is available ONLY to premium content subscribers. Click below to get premium content on Cosmetics Business.
Subscribe now Already a subscriber? Sign in here.