Coty has announced that Markus Strobel will become executive chairman of the board and interim chief executive officer, effective January 1, 2026.
Strobel succeeds Peter Harf, who will retire from Coty’s board after more than three decades of service, and Sue Nabi, who will step down as chief executive officer following a five-year tenure. Harf’s leadership helped shape Coty into a global beauty leader, while Nabi oversaw the launch of several blockbuster fragrances, including Burberry Goddess, and materially reduced Coty’s financial net leverage to ~3x.
A Strong Foundation for Future Growth
Strobel joins Coty after a distinguished 33-year career at Procter & Gamble, where he most recently served as president of P&G’s global skin and personal care business that included a multi-billion-dollar portfolio of more than 12 global brands.
He is widely recognized for driving category and organizational transformation across P&G beauty and for revitalizing SK-II into a leading prestige skin care brand in Asia. During his tenure, Strobel held senior roles across beauty and grooming. This included leading prestige brands like Gucci, Dolce & Gabbana, Valentino and Hugo Boss as part of his fragrance assignment. He spearheaded the modernization of innovation, product supply, marketing and go-to-market strategies and operating capabilities across North America, Greater China, Japan, Korea and Europe for his businesses.
As executive chairman and Interim CEO, Strobel will lead Coty at a pivotal moment. With a strategic review of the consumer beauty business underway, and the full support of the board, Strobel sees a significant opportunity to reinforce Coty’s leadership in beauty and unlock multiple avenues for profitable growth and expansion.
Strobel commented, “I am delighted to join Coty at this important juncture. Building on Coty’s strong foundations, I see tremendous potential to accelerate growth, strengthen our position in prestige and mass beauty and deliver sustainable value for shareholders, partners and consumers worldwide.”
