THE WHAT? KKR has named Annie Young-Scrivner as Chief Executive Officer of Wella Company, effective upon the close of the previously announced transaction by which KKR will acquire a 60 percent stake in the firm from current owner Coty.
THE DETAILS Young-Scrivner joins Wella from Godiva where she has served as CEO for the last three years. Current President of Coty’s Professional and Retail Hair business, Sylvie Moreau will see out the transaction close.
“We are thrilled that Annie will bring her tremendous passion for the consumer sector, her commitment to diverse and inclusive organizations, and her proven track record of building the value of consumer brands and businesses to the newly formed Wella Company,” said Tim Franks, Partner and Head of Consumer & Retail, European Private Equity at KKR.
THE WHY? Young-Scrivner’s tenure at Godiva is marked by accelerating growth with expansion into new channels and categories. She brings a deep understanding of global markets to the role as well as strength in digital development.