Coty names Laurent Mercier Chief Financial Officer

Coty names Laurent Mercier Chief Financial Officer

THE WHAT? Coty has promoted Laurent Mercier to Chief Financial Officer, effective February 15, 2021. The Deputy CFO will take over from Pierre-Andre Terisse from February next year, with the latter assisting in the transition until February 2021 when he will serve as a Coty-designated member of the Board of Wella.

THE DETAILS Mercier joined Coty as CFO of the Luxury division in 2017 from Danone, where he held a series of leadership roles.

“I am very excited to announce Laurent’s promotion to CFO,” said Sue Y. Nabi, Coty’s CEO. “He is a very capable leader who has been instrumental in the financial transformation of Coty during an extremely challenging operating environment, building a stronger, more focused and top line oriented business that’s set up for profitable growth. Laurent knows this business inside-out, playing a critical role in recent months in allocating resources and marketing investments behind the most promising opportunities. He brings a wealth of global experience, both from his time here at Coty and from high-profile leadership roles at Danone.”

THE WHY? The announcement follows the completion of the strategic separation of Coty’s Professional and Retail Hair business – including the Wella, Clairol, OPI and ghd brands.

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