Coty’s chief supply officer, R&D head to step down
American beauty conglomerate Coty Inc. announced on Friday that its chief supply officer and head of R&D, Richard Jones, will be stepping away from his role.
Jones, who joined the New York-based cosmetics group in 2019, will remain with Coty until June 30. According to the company, his successors will be announced in due course. In the interim, current Coty leaders will assume his responsibilities.
Coty, in fact, intends to separate Jones’ role into two positions, appointing an expert leader over each of Supply Chain and R&D. This will allow the company to best serve its ambitions in its strategic categories and to leverage its unique IP.
“I want to pay tribute to Richard for his contribution to the development of Coty’s Supply organization over the past two years, and more recently for his work with our R&D team,” said Coty’s CEO, Sue Y. Nabi.
“In particular, Richard played a significant role in organizing and maintaining our operations throughout the global pandemic. He leaves Coty a more efficient and agile business, with resources better focused on what we do best: creating and delivering world-class, innovative beauty products for consumers across the globe.”
Jones came to Coty from Keurig, where he lastly served as chief supply chain officer and executive committee member. Prior to Keurig, he spent 18 years at L’Oréal in manufacturing and supply chain roles supporting all beauty categories.
“The last couple of years at Coty have been an incredible experience, both personally and professionally,” said Jones.
“I am very proud of the way the team, one of the strongest I’ve ever worked with, and everyone at Coty has responded to the challenges brought about by the pandemic. Coty’s progress toward becoming a more modern and focused business have called for new and innovative approaches. The situation has made us think differently and to be more creative.”
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