Coty has announced the promotion of Stéphane Delbos to chief procurement officer (CPO), effective February 1, 2021.
Delbos joined the company in 2010 as global sourcing director and was most recently the senior vice president (SVP) for transformation, indirect and procurement operation.
Delbos will join Coty’s senior leadership team and report to Gordon von Bretten, chief transformation officer.
As chief procurement officer, Delbos will be responsible for implementing Coty’s multi-year procurement strategy, which includes achieving a significant cost reduction target by FY23, reducing complexity and strengthening Coty’s new product pipeline with leading innovation from external suppliers.
Gordon von Bretten, Coty’s chief transformation officer, said: “Stéphane’s diverse experience and proven track record over 10 years at Coty make him a great addition to Coty’s senior leadership team. He has a deep understanding of how this company works and has been integral to progressing our financial transformation and successfully navigating the challenges of COVID-19. I look forward to continue working with him closely as we transform Coty into a true beauty powerhouse that’s stronger, more focused and set up for long-term profitable growth.”