Sears Holdings names SVP, general counsel and corporate secretary
HOFFMAN ESTATES, Ill. — Sears Holdings has hired Kristin Coleman as SVP, general counsel and corporate secretary.
Coleman most recently served as Brunswick's VP, general counsel and corporate secretary.
Coleman will be responsible for the oversight and leadership of Sears Holdings' legal business unit that includes a team of attorneys and paralegals, as well as corporate communications, environmental services, global compliance, government affairs, internal audit, and product safety.
Prior to Brunswick, Coleman served as a VP and associate general counsel at Mead Johnson Nutrition Co. and as an attorney with Sidley Austin LLP in Chicago.
Q&A: Breaking barriers with Coty’s Ralph Macchio
In late 2013, Coty Inc. moved into a new, state-of-the-art research and development facility in Morris Plains, N.J., bringing together under one roof its researchers and a salon-like consumer testing environment for testing new products in nail, skin and hair. The site was designed by the Coty team from the blueprint stage to break down barriers between product categories and capitalize on synergies in beauty. To learn more, DSN recently talked Coty’s chief scientific officer Ralph Macchio.
DSN: Can you tell us about some of the highlights of the new 11,500-sq.-ft. facility?
Ralph Macchio: We have a much bigger nail lab than we’ve had in the past. Clearly, for Coty as a company, nail is a large part of our portfolio, particularly on the color side. So, we have the space, equipment and the lab environment to really generate innovation, and one of those is the Miracle Gel. …On that product alone, in the new facility, we have probably tested on [more than] 1,000 people, easily.
DSN: What is an example within skin care?
Macchio: Recently, we moved the philosophy R&D team that focused on skin care to the same facility, so we’re all together. That has led to some really great developments, which will be coming out. In particular, Time in a Bottle [under the philosophy brand] is another one of those products that has undergone a lot of testing at the new facility.
DSN: I understand that 15% of Coty's portfolio is made up of skin and body care. With the resources of this new R&D facility, can you talk about the projected growth within this segment?
Macchio: Skin care we’ve been working on now in the Morris Plains facility and, as you know, there’s a lot of testing involved with skin care, both internally and externally. So, that’s an area that I think is going to grow for us as claims have become a lot more important on skin. … We are focused on growing the skin care part [of our business]. That is the smallest part of our portfolio and we are very focused on growing skin care.
DSN: Where do you see the greatest opportunity within skin care?
Macchio: In skin care, overall, the trend is still anti-aging. That’s still the big trend. Everyone is looking for the fountain of youth. …. Now, what you’ve seen recently is that there are multi-purpose products. It could be anti-aging with a moisturizer built-in, plus an SPF, but overall the category of anti-aging still reigns. We have quite a few good entries in there; we have both Miracle Worker and we have now Time in a Bottle — two big initiatives in that area.