Coty announces executive leadership shifts
Coty’s executive leadership division is undergoing changes, including appointing a new finance chief, a new COO for its consumer beauty division and a new global supply chain leader.
The company, which is the parent to such brands as CoverGirl, Rimmel, OPI and Wella Professionals, among others, announced that it appointed Pierre-André Terisse as CFO and as a member of its executive committee.
Terisse, who will be based in London, was previously group CFO of Danone for seven years and general manager of Danone’s Africa division for three years.
Pierre Laubies, Coty’s current CEO, will assume leadership for the formulation and implementation of the strategic vision for the consumer beauty division. He will be supported by Gianni Pieraccioni, who will be joining the company as COO of consumer beauty and will be a member of the executive committee as well.
Pieraccioni previously served as president of Revlon’s consumer division and COO of Revlon until 2017.
Luc Volatier has been appointed as chief global supply officer and a member of the executive committee. He previously served as the executive vice president of operations at Jacobs Douwe Egberts.
“Today’s organizational changes are important steps in supporting our ongoing transformation, as we complete the P&G specialty beauty business integration and design our strategic road map for future growth,” Laubies said. “Pierre-André Terisse joins Coty as our new CFO, and I look forward to working with him as we focus on deleveraging and improving our financial performance. Since my arrival in mid-November, I have spent extensive time with the divisional, regional and functional teams to assess Coty’s strengths and opportunities. From my preliminary assessment, consumer beauty and supply chain are areas that require an immediate step change in capabilities, the latter being necessary to leverage further the significant footprint optimization implemented over the last two years. Consequently, I will assume personal responsibility for the consumer beauty division so that I can oversee the continuing transformation of this business. Gianni Pieraccioni joins Coty as COO, consumer beauty, and will focus on commercial operations. Secondly, I am delighted to welcome Luc Volatier as Coty’s new chief global supply officer. I look forward to providing more details on my full assessment and future vision for Coty during our upcoming earnings calls.”
The Vintage Cosmetic Co. adds bath, body products
The Vintage Cosmetic Company unveiled new additions to its bath and body collections.
The British-based brand’s new Headband and Shower Cap set in flamingo print, which retails for $9.99, aims to keep tresses dry, frizz-free and out of the way while consumers go about their daily skin care routines or when they apply makeup.
In addition, the company also is launching its Cooling Gel Eye Pads with a fluttery eyelash print and Peggy Make-up Headband in leopard print. The eye pads, which retail for $3.99, refresh and soothe tired eyes. The headband, which retails for $4.99, keeps hair away from the face.
Consumers can find each of the new launches at Ulta Beauty and online beginning in February. Further information on the brand and its products, which are inspired by the looks of the 1950s, can be found on the company’s website.
Pantene named Coachella’s official hair care partner
Procter & Gamble’s Pantene hair care brand was announced as the official hair care partner of the Coachella Valley Music and Arts Festival.
As the music festival’s official partner, Pantene will host an immersive on-site activation between April 12 to 14 and April 19 to 21 in Indio, Calif.
The activation will offer visitors an experience to play, shape and style their looks at Pantene styling stations inspired by the latest #FestivalHair trends.
Attendees also will have the opportunity to sample and purchase the brand’s various products, including those that can give their tresses some major TLC once the festival is over.
“With 20 million people going to music festivals every year and 93% of them using styling products or tools to up their festival look, Pantene saw a great opportunity to enable personal expression to go to the next level,” Ilaria Resta, vice president of hair care for North America at Procter & Gamble, said. “At one of the premier events where music and self-expression are celebrated, we want everyone to be able to reveal their personality through their hair and help them achieve the look they want.”
In addition, Pantene has launched a #FestivalHair capsule collection, which contains such festival and summer hair essentials as dry shampoo, alcohol-free hairspray, an on-the-go frizz iron, the One Step Nourishing Hair Mask and Intense Rescue Shot.
The kit, which comes in a reusable zipper bag, will be available for preorder on Amazon.