New appointments give Coty’s Board of Directors a female majority

Anna Adeola Makanju and Mariasun Aramburuzabala Larregui joined board on 18 December

Beauty giant Coty has announced two new additions to its Board of Directors.

Anna Adeola Makanju and Mariasun Aramburuzabala Larregui joined the board from 18 December.

Their appointments were announced alongside the news that Paul S Michaels has stepped down as a Coty Director (also on 18 December). Michaels joined the board in June 2015.

The changes, said the Covergirl and Rimmel London owner, mean that Coty’s Board of Directors has become majority female, with seven of the 13 Directors being women.

Coty’s Executive Committee, helmed by CEO Sue Y Nabi, is already female majority (three out of five members).

Makanju is currently Global Policy Manager for Content Regulation at Facebook and is an expert in global policy with more than 15 years of experience across US government and leading private sector companies.

Aramburuzabala Larregui, meanwhile, is one of Latin America’s most prominent business leaders and President of the Board & CEO of Tresalia Capital, a global investment company.

“Mariasun and Anna are outstanding leaders who have already achieved so much in their chosen careers,” says Nabi.

“What makes me particularly excited about their joining our board is that they are also deeply passionate about beauty. For a company like Coty, that aims to become the most product centric beauty company, this passion is invaluable.

“I look forward to working closely with Mariasun and Anna over the coming years and harnessing their exceptional insights.”

Nabi also thanked Michaels for his five years’ service to Coty and “his excellent contribution during this period”.