Sephora’s CEO and President Martin Brok is reportedly stepping down at the end of June 2022 after only two years in the role.
An internal memo seen by WWD claims that a ‘divergence of views’ is the reason behind the sudden exit from the LVMH-owned business.
LVMH originally appointed the former Starbucks President in 2020, who was tasked with spearheading the beauty retailer’s strategy at the time.
Brok’s career has included a 12-year stint at The Coca Cola Company, seven years at Burger King Corporation and the role of VP of Global Product and Merchandise Operations and Analytics at Nike.
Chris de Lapuente, who had served as President and Director General of Sephora since 2011, will reportedly take over Brok’s role.
Brok had originally replaced Lapuente as CEO when he was appointed two years ago.
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Earlier this year, Sephora named former Apple executive Marc Abergel as its first-ever Chief Digital Officer.
Abergel brought his consulting and transformative skills from Tencent, Deloitte Digital and the Lego Group to the newly created role, according to WWD.
“I am convinced that Marc’s extensive background in digital transformation and his future contribution will be pivotal in our journey as we reimagine the future of beauty,” said Brok, at the time of Abergel’s appointment.
Cosmetics Business has contacted Sephora for an official comment.