THE WHAT? The world’s richest woman, Francoise Bettencourt Meyers, has named Cyrielle Villepelet as Managing Director if her investment company, Tethys Invest, according to a report published by Bloomberg.

THE DETAILS The L’Oréal heiress’ family firm has invested in French fashion brand Sezanne as well as health care company Elsan. Villepelet will join the group next month.

THE WHY? Villepelet joins the company from consultant McKinsey & Co where she held the role of Partner, focusing on omnichannel growth in the consumer goods, luxury and retail sectors.