THE WHAT? Coty has announced the promotion of Stephane Delbos to Chief Procurement Officer, effective February 1, 2021.
THE DETAILS Delbos joined Coty in 2012 as Global Sourcing Director, rising to his current role as SVP for Transformation, Indirect and Procurement Operations. He will join Coty’s senior leadership team and report to Gordon von Bretten, Chief Transformation Officer.
In his new role, Delbos will be responsible for implementing Coty’s multi-year procurement strategy, which includes reaching a significant cost reduction target by FY23.
THE WHY? As von Bretten explains, “Stéphane’s diverse experience and proven track record over 10 years at Coty make him a great addition to Coty’s senior leadership team. He has a deep understanding of how this company works and has been integral to progressing our financial transformation and successfully navigating the challenges of COVID-19. I look forward to continue working with him closely as we transform Coty into a true beauty powerhouse that’s stronger, more focused and set up for long-term profitable growth.”