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This article was originally published in The Rose Sheet

Executive Summary

Jean-Paul Agon is appointed CEO of French beauty giant during annual general meeting April 25 in Paris. Company announced plan for Agon to succeed Lindsay Owen-Jones, who retains his role as chairman, last year (1"The Rose Sheet" Feb. 21, 2005, p. 5). Agon will oversee integration of recently acquired British beauty retailer The Body Shop, which is "well underway," Owen-Jones states during the meeting. Outlining future growth opportunities for the company, Owen-Jones cites consumers over 60 and men as audiences to explore. L'Oréal is in a "strong position" to tap older customers with anti-aging products like Lancôme Platineum and has a number of brands targeted to men, including L'Oréal Paris Men Expert and Biotherm Homme, exec notes, adding sales of its men's products were up 17.8% in 2005...

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