Coty Inc. (NYSE: COTY) announced the appointment of five new independent directors to its board as part of a comprehensive board refreshment initiative. The beauty company named Carsten Fischer, Alia Gogi, Robert Kunze-Concewitz, Maria Carla Liuni, and Stephanie Plaines to the positions.

Kunze-Concewitz will serve as Chair of the Board's Remuneration Committee and Plaines will chair the Audit and Finance Committee. Fischer has been designated as the Board's new Lead Independent Director.

The new directors bring experience from companies including Shiseido, Procter & Gamble, Ferrari, Bulgari, Pandora, Campari Group, Starbucks, Walmart and Sephora. Fischer previously served as Representative Director and Corporate Senior Executive Officer at Shiseido, overseeing a business exceeding $4 billion in revenue. Gogi was President of Asia at Sephora, building commercial operations across 10 countries. Kunze-Concewitz led Campari Group as CEO for 17 years, tripling sales during his tenure.

Liuni currently serves as Chief Brand Officer at Ferrari and previously held senior roles at Pandora and Bulgari within LVMH Group. Plaines was Global Chief Financial Officer at Jones Lang LaSalle, an $18 billion real estate services company, and previously served as CFO roles at Starbucks and Walmart.

Current directors Markus Strobel, Joachim Creus, Frank Engelen and Patricia Capel will remain on the board. Gordon von Bretten stepped down from the board following his appointment as President of Consumer Beauty at Coty.

Three directors resigned from the board effective immediately: Beatrice Ballini, Isabelle Parize and Anna Adeola Makanju. Robert Singer will resign effective June 30, 2026, and will continue serving on the Audit and Finance Committee until his departure.

The information is based on a company press release.