THE WHAT? Coty has promoted Andrew Stanleick to Chief Executive Officer for Kylie Jenner and Kim Kardashian’s Coty beauty businesses.
THE DETAILS Stanleick will be tasked with driving global expansion for the brands as well as entering new beauty categories. He will continue to undertake the responsibilities of his current role as Coty EVP Americas.
The beauty exec takes over from Kris Jenner, who held the role of Interim CEO and will remain closely involved in the strategic partnerships between Kylie Cosmetics and Kylie Skin, KKW Beauty and Coty as a Board member.
THE WHY? Coty CEO Sue Y. Nabi lauded Stanleick for his industry experience.
She said, “Andrew is a very experienced and respected Coty leader who has demonstrated strong business development acumen, strategic rigor, and customer orientation. He is well positioned to further develop Kim and Kylie’s beauty businesses.
“This is a great opportunity for Andrew and Coty to fully leverage our global knowledge and capabilities in R&D, manufacturing, distribution, commercial and go-to-market expertise. Combine this with our deep understanding of the fragrances, cosmetics and skincare categories and you have a recipe for success.”