Coty reorganizes leadership, sees three executives depart

Coty Inc. (NYSE: COTY) announced a series of organizational changes intended to consolidate decision-making and simplify its operating structure under its Coty.Curated strategy.

Executive Chairman and interim CEO Markus Strobel will take direct control of Prestige commercial operations, with regional leaders reporting to him. Coty will also merge Prestige research and development and sustainability with its supply chain function under interim leadership of Graeme Carter, Chief Supply Chain Officer.

The changes coincide with the departures of three senior executives. Caroline Andreotti, Chief Commercial Officer Prestige, will leave at the end of September after nearly two decades with the company. Dr. Shimei Fan, Chief Scientific and Sustainability Officer, will depart at the end of August. Priya Srinivasan, Chief People and Purpose Officer, will also leave in August for personal reasons.

Séverine Charbon will join Coty as Chief People and Purpose Officer on September 1. She previously served as Chief Talent Officer International at Publicis Groupe and brings more than 25 years of experience in talent strategy and organizational transformation.

Strobel said: "Coty.Curated is about clarity and focus, and a simpler operating model helps us deliver on that. It positions us to keep building behind our core brands and to support our teams as the business moves forward."

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