Coty has announced a strengthened leadership organization to assist its ongoing turnaround plan and future growth.
The beauty giant is looking to implement the action points of its turnaround plan put in place in 2018 in order to stabilize the supply chain and overcome its challenges.
As part of the redefined leadership organization the Procurement function and Supply Operations will be ‘organizationally disassociated and reinforced’ with both reporting directly to Pierre Laubies, Coty’s Chief Executive Officer, and sitting at the Executive Committee.
Gianluca Colombo, Chief Procurement Officer, will lead Ad interim, Procurement while Supply Operations will be led by Jean-Claude Thomas.
Following on from the realignment, Luc Volatier will resign from his position of Chief Global Supply Officer and member of the Executive Committee.
Pierre Laubies said: “Today’s organizational changes are important steps 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.”
He continued, “We thank Luc and wish him the best in his future endeavours. He has made a significant contribution to Coty during his time as Chief Global Supply Officer. His leadership was important in implementing the immediate necessary corrections with respect to our 2018 supply chain challenge, and assess the actions necessary to the turnaround.”