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Executive Shakeup at Coty Amid Struggles in Consumer Beauty

Coty Inc. this morning announced a series of executive leadership changes, some of which highlight the troubles it has been facing in its most challenged division, Consumer Beauty.
Pierre-André Terisse has been appointed chief financial officer and a member of the Executive Committee, effective Feb. 1. Terisse, formerly the group cfo of Danone, will be based in London. The appointment comes after the resignation in September of executive vice president and global chief financial officer Patrice de Talhouët.
Additionally, Coty announced that chief executive officer Pierre Laubies will begin to directly oversee the strategic vision for the Consumer Beauty division — the company’s most challenged since the integration of the 41 beauty brands it acquired from Procter & Gamble in 2016.
Laubies will be supported by Gianni Pieraccioni, who has been appointed chief operating officer, Coty Consumer Beauty, effective Jan. 14. Pieraccioni will be based out of the New York office. He was until 2017 chief operating officer of Revlon Inc. At Coty, he is tasked with leading Consumer Beauty in-market organization, e-commerce and supply chain, focusing on commercial operations.
As part of the changes in Consumer Beauty leadership, Consumer Beauty president Laurent Kleitman is departing the company. He was hired twenty months ago

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Via:: https://wwd.com/beauty-industry-news/beauty-features/executive-shakeup-coty-consumer-beauty-1202954793/