Coty appoints Markus Strobel as executive chairman and interim CEO

Beauty marque Coty has named Markus Strobel arsenic enforcement president of the committee and interim CEO.

The assignment volition instrumentality effect connected 1 January 2026.

Strobel arrives astatine Coty aft much than 3 decades astatine Procter & Gamble (P&G), wherever helium astir precocious headed the company’s planetary tegument and idiosyncratic attraction part arsenic president.

Over his 33-year tenure, helium held a bid of elder posts crossed quality & grooming, spanning good fragrance, hairsbreadth attraction and grooming.

At P&G, Strobel oversaw class and organisational changes wrong P&G Beauty and was progressive successful the repositioning of SK-II arsenic a prestige skincare statement successful Asia.

His remit besides extended to overseeing prestige fragrance licences including Gucci, Dolce & Gabbana, Valentino and Hugo Boss.

In these roles, helium led enactment connected innovation, merchandise supply, marketing, go-to-market strategies and operating capabilities crossed markets specified arsenic North America, Greater China, Japan, Korea and Europe.

In his upcoming presumption arsenic enforcement president and interim CEO, Strobel volition steer Coty portion the institution conducts a strategical reappraisal of its Consumer Beauty division, backed by the board.

Commenting connected his appointment, Strobel said: “I americium delighted to articulation Coty astatine this important juncture. Building connected Coty’s beardown foundations, I spot tremendous imaginable to accelerate growth, fortify our presumption successful prestige and wide beauty, and present sustainable worth for shareholders, partners, and consumers worldwide.”

The assignment follows the planned departures of Peter Harf, who volition discontinue from Coty’s committee aft much than 30 years, and Sue Nabi, who volition measurement down arsenic CEO aft 5 years.

During Nabi’s tenure, Coty introduced respective caller fragrances, including Burberry Goddess, and reduced its fiscal nett leverage to astir 3x.

Coty is simply a quality institution founded successful Paris successful 1904, offering fragrance, cosmetics, and tegument and assemblage attraction brands sold successful much than 120 countries.

Earlier this week, Coty agreed to dispose of its remaining 25.8% involvement successful nonrecreational haircare radical Wella to concern funds and accounts managed by US concern steadfast KKR.

"Coty appoints Markus Strobel arsenic enforcement president and interim CEO " was primitively created and published by Retail Insight Network, a GlobalData owned brand.

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