The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
NEW YORK, United States — Coty Inc is set to announce that Peter Harf, its current chairman, will become the cosmetics company's new chief executive officer, replacing Pierre Laubies, the Wall Street Journal reported on Sunday, citing people familiar with the matter.
Harf will assume the CEO role as soon as Monday, the Journal reported, making him Coty's fourth chief executive in less than four years.
Coty declined to comment on the report.
Harf's appointment would come as a surprise as the company had said in February that Jimmy Choo boss Pierre Denis would replace Laubies this summer, after the conclusion of the company's strategic review of its professional beauty unit that houses brands such as Wella and OPI.
ADVERTISEMENT
Harf, one of two managing partners of Coty's largest shareholder, JAB Holding Co, will jointly oversee a newly-created executive committee alongside Chief Financial Officer Pierre-Andre Terisse and Gordon von Bretten, the company's chief transformation officer, the report added.
By: Anurag Maan in Bengaluru; Editor: Peter Cooney
To provide actionable insights and inspiration on how fashion and retail industries can further embed diversity, equity and inclusion in the workplace and business strategies today, BoF Careers co-hosted a panel discussion with The Outsiders Perspective. Now, BoF shares key learnings from the panel.
Discover the most exciting career opportunities now available on BoF Careers — including jobs from Tapestry, Alexander McQueen and Toteme.
A US regulator has banned most uses of the clauses, which started as a way for fashion companies to prevent senior executives from walking off with trade secrets, but have become a standard retention tool.
Check out this week’s new partners and openings on BoF Careers, the global marketplace for fashion talent.