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Citing Growth, Coty Announces Exec Changes

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Coty has announced executive leadership changes.

Pierre-André Terisse has been named chief financial officer and a member of the executive committee, effective Feb. 1, 2019. He brings nearly 30 years of public company finance experience to the role, with an expertise in business turnarounds, treasury and finance integration. Terisse spent seven years as group CFO for Danone, as well as three years as that company’s general manager of the Africa division.

Gianni Pieraccioni will join the company as chief operating officer of consumer beauty, and as a member of the executive committee, beginning Jan. 14, 2019. In this role he will support Coty CEO Pierre Laubies, who will assume leadership of the formulation and implementation of the strategic vision for the consumer beauty division. In his new role, Pieraccioni will lead the consumer beauty in-market organization, e-commerce and supply chain, focusing on commercial operations. During his 30 years in the international consumer goods industry, he has held positions including president, consumer division and COO of Revlon.

Luc Volatier will serve as chief global supply officer, as well as a member of the executive committee, as of Jan. 14, 2019. He possesses nearly 30 years of experience in procurement, R&D and supply chain optimization. Volatier joins Coty from Jacobs Douwe Egberts (JDE), where he spent seven years as EVP operations, with responsibility for supply and R&D.

Lastly, chief corporate affairs officer Esra Erkal-Paler has decided to leave the organization to pursue other opportunities. Following her departure, corporate affairs function will be integrated into Coty’s three divisions and functions.

Laubies commented: “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 road map for future growth … Pierre-André, Luc and Gianni will be great additions to the executive committee as we embark on the next chapter of Coty’s transformation.”