Beauty powerhouse Coty has made changes to the way its business operates as a result of the P&G merger that took place earlier this year.
The company today revealed details of its new operational structure as well as a number of new staff appointments. Coty’s business will now operate under three divisions: Luxury, Consumer Beauty and Professional Beauty. It will also launch a new department called Growth and Digital, which will work with each of the three core divisions on innovation, sales, and traditional and digital marketing. In addition to this, Coty plans to relocate its executive management offices to London.
Each core division will be led by a President. Edgar Huber was named President Coty Luxury, Esi Eggleston Bracey has been appointed President Coty Consumer Beauty, and Sylvie Moreau is now President Coty Professional Beauty. Meanwhile, Camillo Pane, who was appointed Executive Vice President, Category Development in April this year, has been given the role of Chief Growth and Digital Officer.
Huber will also take on the position of President Global Markets, a role previously held by Jean Mortier. It was simultaneously announced that Mortier will retire from Coty, but will remain as a Special Advisor to Bart Bacht, Chairman and Interim CEO of Coty, through to June next year.
Bacht confirmed he will continue to be responsible for making Coty into a global leader in beauty, and enhance shareholder value. He said: “The new Coty will bring together a very experienced and diverse executive team, skilled at managing complex global consumer operations, and driving innovation, creativity and growth, all of which are a prerequisite for future success. This deeply experienced team combined with the new category-focused and consumer-centric structure, and our portfolio of world-class brands, are all expected to play key roles in making Coty a strong global leader and challenger in Beauty and driving profitable growth and shareholder value over time.”