NEW YORK--(BUSINESS WIRE)--
Coty Inc. (NYSE:COTY) today announced that Esi Eggleston Bracey, President Coty Consumer Beauty, has decided to leave Coty for personal reasons. Esi will remain with Coty for a transition period through the end of March. Laurent Kleitman, currently Executive Vice President Global Hair Care category at Unilever, has been appointed President Coty Consumer Beauty. Laurent will report directly to Camillo Pane, Coty’s CEO, and will be a member of the Coty Executive Committee.
Camillo Pane CEO Coty said, “My thanks, and those of our Board and Executive Committee members, go to Esi for her passion and commitment to the company during the merger process and since joining us in October 2016. We wish Esi great success in her next steps.
“I am delighted to welcome Laurent to Coty. Laurent brings 29 years of international consumer goods experience, plus broad commercial and operational leadership in running a multibillion-dollar international division in the consumer beauty sector. He has a strong track record for commercial growth in a consumer environment. Laurent has lived and worked in many countries around the world, and has an outlook and attitude that are well aligned to Coty’s new ambition and culture.”
Laurent has been Executive Vice President Global Hair Care category at Unilever since 2015. The Global Hair category is a significant part of Unilever’s 20bn-Euro Personal Care division, which is one of Unilever’s fastest growing divisions. Prior to this role, Laurent was CEO of Unilever Russia, Ukraine & Belarus, and prior to that he spent three years leading LVMH in Russia including the Perfumes & Cosmetics business, where he took the business back to growth after the 2008 crisis. Laurent started his career in Unilever in marketing and has worked in Russia, Thailand, Italy, UK and France. His experience in the consumer goods industry spans beauty (including color cosmetics, skin care, fragrance, hair), luxury fashion, and personal and home care.
Laurent will take up his new role on May 15, 2017, and will be located in Coty’s Consumer Beauty headquarters in New York. During the interim period, Camillo will directly oversee the Consumer Beauty division.
About Coty Inc.
Coty is one of the world’s largest beauty companies with approximately $9 billion in revenue, with a purpose to celebrate and liberate the diversity of consumers’ beauty. Its strong entrepreneurial heritage has created an iconic portfolio of leading beauty brands. Coty is the global leader in fragrance, a strong number two in professional salon hair color & styling, and number three in color cosmetics. Coty operates three divisions – Coty Consumer Beauty, which is focused on color cosmetics, retail hair coloring and styling products, body care and mass fragrances sold primarily in the mass retail channels with brands such as COVERGIRL, Max Factor and Rimmel; Coty Luxury, which is focused on prestige fragrances and skincare with brands such as Calvin Klein, Marc Jacobs, Hugo Boss, Gucci and philosophy; and Coty Professional Beauty, which is focused on servicing salon owners and professionals in both hair and nail, with brands such as Wella Professionals, Sebastian Professional, OPI and ghd. Coty has approximately 20,000 colleagues globally and its products are sold in over 130 countries. Coty and its brands are committed to a range of social causes as well as seeking to minimize its impact on the environment.
For additional information about Coty Inc., please visit www.coty.com.
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