Wella Company unveils leadership shake-up following KKR and Coty sale

The professional beauty specialists named its new CEO Annie Young-Scrivner in October 2020

Wella Company, the professional beauty specialist, has unveiled a leadership shake-up, cementing its acquisition by KKR from Coty.

Following the sale, Wella Company's portfolio includes Wella Professionals, Clairol, OPI, Nioxin, Sebastian Professional and ghd.

Annie Young-Scrivner, CEO of Wella Company, described the reshuffle as building upon the company's "strong foundation of sustainable growth".

Luxury goods veteran Virginie Costa, who names Burberry and Hermès on her resume, joins Wella as Global Chief Financial Officer from prestige chocolate brand Godiva.

Gretchen Koback Pursel has been named as Global Chief People Officer, most recently serving as Chief Human Resources Officer at Tiffany & Co, and is said to be leading Wella's "efforts to be a true industry leader in diversity, equity and inclusion".

Meanwhile, Hugh Dineen joins in the newly-created role of President of Global Brands and Global Chief Marketing Officer. He has previously served with Avon, J&J and most recently insurance company MetLife.

Young-Scrivner continued: "Their combined experience across global public companies and their consumer, digital and broad based business transformation expertise will be invaluable to our organisation.

"The diverse perspectives and capabilities they bring to the company will be instrumental to guiding Wella Company’s next phase of growth."

The chief executive added: "Looking ahead, we feel confident that we’re well positioned across our big bets: product innovation pipeline, significant investment in digital, and reaching more customers and consumers across new geographies and channels – retail, ecommerce and professional.

"With Virginie, Gretchen, Hugh and the rest of our leadership team, we are ready to unleash our ambition to be the best beauty company in the industry."

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