Coty (COTY) announced a series of executive leadership changes to support its ongoing transformation and future growth. First, Pierre-Andre Terisse has been appointed CFO and a member of the Executive Committee, effective February 1, 2019. Pierre-Andre has nearly 30 years of public company finance experience, including in business turnarounds, treasury and finance integration. He spent the majority of his career at Danone (DANOY), most notably as Group CFO of Danone for seven years. Pierre-Andre will be based in London. Second, Pierre Laubies, Coty's CEO, will assume leadership for the formulation and implementation of the strategic vision for the Consumer Beauty division. He will be supported by Gianni Pieraccioni who joins Coty as COO, Consumer Beauty, and as a member of the Executive Committee, effective January 14, 2019. Gianni will lead the Consumer Beauty in-market organization, e-commerce and supply chain, focusing on commercial operations and will be based in New York. He served as President, Revlon Consumer Division and served as COO of Revlon (REV) until 2017. In connection with the continuing transformation of Consumer Beauty, Laurent Kleitman has decided to pursue other opportunities and will be leaving Coty. Third, Luc Volatier has been appointed chief global supply officer and a member of the Executive Committee, effective January 14, 2019, and will be based in Geneva. Luc joins Coty from Jacobs Douwe Egberts where he served for seven years as EVP Operations with responsibility for Supply and R&D. He will be replacing Mario Reis, who is departing his position as chief global supply officer. Finally, Esra Erkal-Paler, chief corporate affairs officer, has decided to leave Coty to pursue other opportunities. As a result, the Corporate Affairs function will be integrated into Coty's three divisions and functions.
