THE WHAT? Coty has announced two new leaders to drive its Consumer Beauty unit. Stefano Curti has joined the company as Chief Brands Officer, Consumer Beauty, while Alexis Vaganay has been promoted to Chief Commercial Officer, Consumer Beauty, effective immediately.
THE DETAILS Curti joins the US beauty behemoth from Markwins Beauty Brands where he served as Global President. He has also held a series of senior positions at Johnson & Johnson over the course of his career. At Coty, he will focus on strengthening the division’s brand equity, global positioning and innovation performance.
Vaganay’s new responsibilities include leading Coty’s regions in collaboration with his Luxury counterpart, and developing Consumer Beauty’s commercial strategy to increase market share and grow revenues.
THE WHY? Sue Y Nabi, CEO of Coty, explains, “My ambition from day one has been to quickly build a first-class leadership team. The appointment of these two leaders means we are now in great shape to re-position our portfolio of brands more clearly. Stefano’s track record and sector expertise makes him the right leader for our Consumer Beauty transformation. Alexis, likewise, is a proven leader within Coty and his deep knowledge of our business and brands makes him the perfect fit to accelerate our growth on all continents.”
Nabi continued, “Consumer Beauty is a critical pillar of our business. In times of uncertainty, the consumer beauty industry has an essential mission: the place where people can access the latest trends and innovations, find the best quality at an accessible price and experience the diversity of all kinds of beauties. That’s why we are excited that Coty has found two beauty champions who will enable our portfolio of meaningful brands – which include Covergirl, Sally Hansen, Rimmel, Bourjois, adidas and David Beckham, to name a few – to truly thrive.”