Coty revamps executive suite
Coty Inc. has announced a series of changes to its executive suite, appointing Pierre-André Terisse to the position of chief financial officer, Gianni Pieraccioni as chief operating officer and Luc Volatier as chief global supply officer and a member of the company's executive committee.
Terisse will begin his new role on February 1, 2019. Prior to joining Coty, he accumulated nearly 30 years of public company finance experience, including in business turnarounds, treasury and finance integration. He notably served as group CFO at Danone and as the general manager of the company's Africa Division, where he designed and implemented the division’s strategy, operational foundations and innovation pipeline. Terisse will be based in London.
In his new role, Pieraccioni will support Coty's CEO Pierre Laubies, who will "assume a leadership role for the formulation and implementation" of consumer beauty strategy. Pieraccioni will lead the division's in-market organization, e-commerce and supply chain with a focus on commercial operations, and will be based in New York. His new role will commence on January 14, 2019.
Prior to joining Coty, Pieraccioni served as president of Revlon's consumer division and served as COO of Revlon Inc. until 2017.
The company's current president of the consumer beauty division, Laurent Kleitman, will exit the company to pursue other opportunities.
Volatier will commence his new role on January 14, 2019, and will be based in Geneva. He joins Coty from Jacobs Douwe Egberts, where he served as EVP operations, managing supply as well as research and development. Volatier has nearly 30 years of experience in procurement, R&D and supply chain optimization. He will replace Mario Reis.
“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 roadmap for future growth," said Laubies in a press release. "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."
Coty also announced that its chief corporate affairs officer, Esra Erkal-Paler, will leave the company to pursue other opportunities. As a result, the corporate affairs function will be integrated into Coty’s three remaining divisions and functions.
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