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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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.
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.