Personal care giant Coty has announced the retirement of its Chief Scientific Officer Ralph Macchio, effective June 30.
Macchio is set to leave Coty after a 25 year role with the company, with the retirement having been pending for numerous years following Macchio’s agreement to continue with the company to allow the Procter & Gambler beauty business merger to fully bed in.
A successor is yet to be named, with the R&D team reporting to Camilla Pane, CEO, in the interim period.
Pane stated, “Ralph has been an amazing R&D leader in the beauty industry and retires after a truly distinguished career. He has developed many iconic products over the years, pioneered radical and breakthrough technologies and authored numerous patents. These include our highly successful Sally Hansen Miracle Gel, one of the biggest nail successes in beauty, having won 34 awards, and Rimmel Lash Accelerator Mascara, proven to help grow lashes, to name just two. My many thanks, and those of our Board and Executive Committee members, and all his colleagues at Coty go to Ralph for his leadership, commitment, drive and passion for our business, and for the expertise he has brought. We wish him a great retirement.”