The 33-year L’Oréal veteran is currently deputy CEO and will take over on May 1.

The cosmetics maker's Luxe Division plans to shift investment to e-commerce over the next six months.

Current chief executive Jean-Paul Agon, who is stepping down next year when he turns 65, told Bloomberg that the cosmetics giant will announce his successor “pretty soon.”

The cosmetics company said it is 'monitoring the situation very closely' and that it will adjust its policy accordingly.