Pierre Laubies, Coty’s CEO, will assume leadership for the creation and implementation of the strategic vision for the company’s challenged Consumer Beauty division. Pierre will be supported by Gianni Pieraccioni, who joins Coty as Chief Operating Officer (COO), Consumer Beauty, and as a member of the Executive Committee. Gianni will lead the Consumer Beauty in-market organization, e-commerce and supply chain, focusing on commercial operations and will be based in New York. Prior to this appointment, he served as President, Revlon Consumer Division and as COO of Revlon Inc. until 2017, and has more than 30 years of international business experience with consumer goods companies including J&J, PepsiCo and P&G. Laurent Kleitman, who has overseen Consumer Beauty for the past 20 months, is leaving the company.
“Since my arrival in mid-November, I have spent extensive time with the divisional, regional and functional teams to assess Coty’s strengths and opportunities,” said Pierre. “From my preliminary assessment, Consumer Beauty and Supply Chain are areas that require an immediate step-change in capabilities, the latter being necessary to leverage further the significant footprint optimization implemented over the last two years. Consequently, I will assume personal responsibility for the Consumer Beauty division so that I can oversee the continuing transformation of this business.”
Additional executive leadership changes at Coty include, effective February 1, Pierre-André Terisse taking on the role of Chief Financial Officer. He will also serve as a member of the Executive Committee. And, Luc Volatier has been appointed Chief Global Supply Officer and a member of the Executive Committee, replacing Mario Reis. Finally, Esra Erkal-Paler, Chief Corporate Affairs Officer, has decided to leave Coty to pursue other opportunities. As a result, the Corporate Affairs function will be integrated into Coty’s three divisions and functions.
“Pierre-André, Luc and Gianni will be great additions to the Executive Committee as we embark on the next chapter of Coty’s transformation…I’d like to thank Mario, Laurent and Esra for their valuable contributions to Coty. We wish them each the best in their future endeavours.”