Coty is once again making changes to its executive lineup.
As part of these shifts and fitting in with the group’s revamp under the Coty.Curated moniker, executive chairman and interim chief executive officer Markus Strobel will take direct control of prestige commercial operations, with Coty’s regional leaders reporting to him. The reason? To speed decision-making, and sharpen accountability for sell-out and market share, according to a Coty statement Thursday.
At the same time, Coty will integrate prestige R&D and sustainability with supply chain into one simplified function under the interim leadership of Graeme Carter, chief supply chain officer.
Caroline Andreotti, chief commercial officer, prestige, will leave Coty at the end of September after three years in the role and almost two decades with the company. Dr. Shimei Fan, chief scientific and sustainability officer, will also depart Coty at the end of August.
Elsewhere, Priya Srinivasan, chief people and purpose officer, has decided to step down for personal reasons and will leave the beauty company in August. She will be succeeded by Séverine Charbon, who was most recently chief talent officer, international, at Publicis Groupe.
