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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Dermocosmetics was L’Oreal’s biggest growth story in 2020, benefiting from shifting consumer priorities during the COVID crisis and reinvigorated faith in the recommendations of healthcare professionals. Makeup sales tanked, but that could well reverse with the advent of another Roaring Twenties post-pandemic, L’Oreal leadership suggests.
Coty appoints new senior talent in its strategically prioritized Consumer Beauty division, while embattled Revlon brings back Martine Williamson to lead its global brand development activities. More news in brief.
L’Oreal Appoints Research, Innovation And Tech Head; Shiseido’s First Female Regional CEO; Beauty Exec News
Beginning in February 2021, Barbara Lavernos, chief technologies and operations officer at L’Oreal, will be president of research, innovation and technologies, a role that CEO Jean-Paul Agon says is crucial to the company’s BeautyTech future. More beauty industry people news.