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Coty shuffles leadership team as 3 execs step down

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Coty shuffles leadership team as 3 execs step down

Coty Inc. on Jan. 11 unveiled changes to its executive leadership team as part of the New York-based beauty products retailer's transformation plan.

The maker of cosmetics brand CoverGirl appointed Pierre-André Terisse its new CFO and a member of its executive committee, effective Feb. 1. Terisse, who previously held the same role at French dairy giant Danone, will replace Patrice de Talhouët, who announced his retirement in August 2018.

Coty named Luc Volatier as the company's new chief global supply officer and an executive committee member, effective Jan. 14. He succeeds Mario Reis, who is stepping down from the role. Volatier joins Coty from Dutch beverage company Jacobs Douwe Egberts BV, where he was executive vice president of operations.

Gianni Pieraccioni, former COO of Revlon Inc., was named the new COO of Coty's consumer beauty division, also effective Jan. 14. Pieraccioni will support Coty CEO Pierre Laubies in leading the formulation and implementation of the strategic vision for the consumer beauty business, according to the release.

Meanwhile, Coty said consumer beauty business president Laurent Kleitman and chief corporate affairs officer Esra Erkal-Paler both decided to leave the company "to pursue other opportunities." The corporate affairs function will be integrated into Coty's three divisions and functions following Erkal-Paler's departure, the company said.

The management changes follow the appointment of CEO Pierre Laubies and chairman Peter Harf in November 2018.