Coty has appointed fast-moving consumer goods executive Elio Leoni Sceti as Chief Executive Officer, effective from July 1.
Bart Becht, Coty’s current interim CEO and Chairman, will remain Chairman following the transition.
Leoni Sceti will join Coty from his role as CEO at frozen goods company Iglo Group, where he was instrumental in driving the company’s growth by reinvigorating core brands such Birds Eye, Iglo and Findus. Under his leadership, Iglo captained an industry redefining Corporate Social Responsibility program, centered on the benefit of freezing to reduce food waste.
Prior to his role at Iglo Group, Leoni Sceti served as CEO of EMI Music. He has also held roles at Procter & Gamble and Reckitt Benckiser, where he oversaw the North American, European and Global Categories.
As CEO of Coty, Leoni Sceti will be responsible for overseeing the growth of the company’s portfolio of leading brands in the fragrances, colour cosmetics and skin and body care categories, which are sold in more than 130 countries and territories. Coty’s product offerings include such global brands as adidas, Calvin Klein, Chloé, DAVIDOFF, Marc Jacobs, OPI, philosophy, Playboy, Rimmel and Sally Hansen.
Brecht, Chairman of Coty, commented, “We are extremely pleased to welcome Elio to the top position at Coty. Elio’s significant experience and proven track record in building successful, global brands will be a tremendous asset to Coty as it continues to enhance its position in the Global Beauty industry. I have known Elio on a professional level for many years, dating back to our days together at RB, and I firmly believe he is the right leader to oversee the next stage of Coty’s development.”
“I am honored and excited to be joining Coty at this important juncture in the company’s growth,” said Mr. Leoni Sceti. “Coty combines my love for building global brands with a passion for innovation and great products that connect with consumers at an emotional level. I believe there is an incredible opportunity to build upon Coty’s established, leading global platform throughout the world, and I look forward to working with all the company’s employees to build upon the amazing collection of Coty global brands and beauty platforms.”
“I am also thrilled to be working again with Bart as my Chairman at Coty. I hugely respect Bart’s vision and guidance, and look forward to working with him. I am very much looking forward to taking Coty to new heights.”