THE WHAT? Coty has announced the appointment of Pascal Baltussen as Global Chief Procurement Officer and a member of its Executive Committee.
THE DETAILS Pascal joins the company from Mars, effective January 1, 2020, and brings a wealth of senior global procurement experience to the role. At Coty, he will lead the procurement team with a strong focus on reducing complexity and costs in order to unlock opportunities for reinvestment and profit expansion.
“Pascal’s deep experience in Procurement and track record of success will be a great addition to the Coty Executive Committee, and we are looking forward to having him on board soon,” commented Pierre Laubies, Coty CEO. “Today’s appointment is an important step in supporting our ongoing transformation and our strategic roadmap for future growth. Reducing complexity and costs will drive operational leadership and unlock opportunities for reinvestment and profit expansion. I would like to thank Gianluca Colombo, current interim Chief Procurement Officer, for his leadership in the past months, contributing to the development of our Turnaround Plan and ensuring continuity during the transition period.”
THE WHY? With this appointment, together with Richard Jones’ nomination to Global Chief Supply Officer, Coty has completed the refinement of the leadership of its Supply Chain, which separates supply and procurement functions into two dedicated units.