Coty's Luxury Brands President Stepping Down

Coty has announced a change in management.
Coty has announced a change in management.

Simona Cattaneo, Coty's president, luxury brands, is stepping down after five years at the company. Her successor will be announced at a  later date.

Previously: 6 Coty Growth Strategies

“I want to sincerely thank Simona for her leadership, commitment and passion over the last five years," said Sue Y. Nabi, Coty’s CEO. "She played a key role in building our prestige brands portfolio—expanding our presence in the makeup space, and strengthening our relationships with Coty’s licensors, as well as successfully integrating Kim and Kylie’s beauty businesses into our portfolio. Simona has helped lay the foundations for Coty’s long-term success and we wish her the very best in the next chapter of her career.”

“Having joined Coty in 2016 as chief marketing officer, it has been a fantastic experience to work with so many inspirational people as I have progressed through the organization," said Cattaneo. "Coty is fortunate to have passionate and dedicated staff throughout business and strong relationships with our licensors. As I move on from Coty to pursue other interests, I’m delighted to see the business positioned for future success.”

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