Annie Young-Scrivner has been named the CEO of Wella Company, effective as soon as KKR completes the transaction of acquiring 60% of Wella from Coty Inc.
Young-Scrivner joins Wella from Godiva Chocolatier, where she served as CEO for the last three years. Young-Scrivner led the enhancement of Godiva’s digital experience, making it a critical component to the brand’s ecosystem.
Having worked in more than 30 countries around the world, she brings a deep understanding of global markets.
Prior to Godiva, Young-Scrivner spent seven years in a number of senior positions at Starbucks Corporation. She started her career at PepsiCo Inc. where she held senior leadership roles in sales, marketing and general management during her 19-year tenure with the business.
Current president of Coty’s Professional and Retail Hair businesses, Sylvie Moreau, will remain in her role until the transaction between KKR and Coty closes.The Wella Company will operate as a separate company with its own management team and operational structures.
Tim Franks, partner at KKR and head of consumer and retail in its European private equity business, said: "We are thrilled that Annie will bring her tremendous passion for the consumer sector, her commitment to diverse and inclusive organizations, and her proven track record of building the value of consumer brands and businesses to the newly formed Wella Company."
“Given Annie’s vast global experience in working with B2B and B2C businesses and her intuitive understanding of digital engagement in consumer-centric industries, we are confident she will help unlock the true potential of Wella’s portfolio,” said Nancy Ford, managing director at KKR in the Americas private equity business.
Young-Scrivner said: “I am honored to join Wella at such a pivotal time in the brand’s history as it celebrates 140 years of partnering with beauty professionals and salon owners. I’ve long admired Wella’s iconic brands and breakthrough innovations, and I am looking forward to engaging with the team as we work to grow the portfolio of brands and increase the company’s share of the $90 billion hair and nail beauty category.”