Pierre-André Terisse has been appointed chief financial officer and a member of the executive committee, effective February 1. He 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, most notably as group CFO of Danone for seven years and was general manager of Danone’s Africa division for three years, where he designed and implemented the division’s strategy, operational foundations and innovation pipeline. He will be based in London.
Pierre Laubies, Coty’s chief executive officer, 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 chief operating officer of consumer beauty, and as a member of the executive committee, effective January 14, 2019. Pieraccioni 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 of the Revlon Consumer Division and served as COO of Revlon Inc. until 2017, and brings more than 30 years of international business experience with consumer goods companies including J&J, PepsiCo and P&G. In connection with the continuing transformation of consumer beauty, Laurent Kleitman has decided to pursue other opportunities and will be leaving Coty. During the past 20 months at Coty, Kleitman has built a strong leadership team and commercial organization that will help the continuation of the business transformation.
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. Volatier joins Coty from Jacobs Douwe Egberts (JDE) where he served for seven years as executive vice president of operations with responsibility for supply and research and development. He successfully led the transformation of the JDE manufacturing and logistical footprint following the spin-off from Sara Lee and the subsequent merger with the coffee division of Mondelez. Volatier led the cost and cash program to fuel JDE growth, backed by a network of top-tier supply partners. Volatier has nearly 30 years of experience in procurement, research and development, and supply chain optimization. He will be replacing Mario Reis, who is departing his position as chief global supply officer.
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.
Pierre Laubies, Coty’s CEO, said, “Today’s organizational changes are important steps in supporting our ongoing transformation, as we complete the P&G specialty beauty business integration and design our strategic roadmap for future growth.”