L’Oreal Names CEO To Follow Agon; ELC And Coty Appoint Digital Leadership; Executive News In Brief
Deputy CEO Nicolas Hieronimus will take L’Oreal’s helm beginning in May 2021, with Jean-Paul Agon continuing as chairman, the firm announced on 14 October. The Estee Lauder Companies hires PepsiCo’s Gibu Thomas to lead its online business, and Coty appoints its first chief digital officer.
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L’Oréal is the most valuable beauty brand globally, according to consultancy Brand Finance’s annual report from its methodology ranking 50 most valuable brands in cosmetics, skin care, hair care and personal care. Estee Lauder ranked second.
“Through this partnership we want to pioneer scientific innovation,” says L’Oreal’s Barbara Lavernos, president of research, innovation and technologies, who was named deputy CEO in October 2020.
Corporate responsibility news from Firmenich and Unilever, plus L’Oreal’s investment in Swiss environmental tech startup Gjosa to further the companies’ development of water-saving innovations.