BREAKING NEWS: Coty Appoints President of the Wella and OPI Businesses
Coty Inc. is reorganizing and expanding its leadership team upon the completion of Coty’s merger with Proctor & Gamble’s fine fragrance, color fragrance, color cosmetics, salon professional and haircolor and styling businesses. As part of the expansion, Sylvie Moreau, current Executive Vice President of Wella, has been appointed President of its future Professional Beauty Division.
“Sylvie is the perfect leader to head the future Coty Professional Beauty Division and advance our position in the salon industry. With her 20+ years of experience and a track record of success in leading the global Wella (P&G’s Salon Professional) business and team, she has the right leadership skills, passion for the industry and a strong vision required to lead the Coty Professional organization and its brands,” shared Bart Becht, Coty Chairman and Interim CEO.
“I am honored and delighted to be the future leader of Coty Professional Beauty,“ said Sylvie. “Both Wella and OPI are iconic leaders in the salon channel, with a fully complementary portfolio and passionate, expert organizations eager to win in our industry. We are both fueled by innovation, education and creativity and the desire to delight our salon professional partners. I am excited about our great future together, creating the best salon professional company in the world.”
Coty Professional Beauty Division will be one of Coty’s three divisions post-merger (alongside Coty Luxury and Consumer Beauty Division), focused on delighting salon owners and salon professionals in both Professional Hair and Nail Care. The division will include the full Wella P&G Salon Professional hair portfolio and Coty’s OPI brand.
“Coty’s choice of Sylvie as leader of Professional Beauty is great news for all of us at Wella,” said Sal Mauceri, CEO, Wella North America. “Sylvie’s deep salon experience makes her a great leader for the future organization. Her passion for Wella, its people and the salon industry is well-known in North America. I couldn’t be happier with the decision.”
The merger with Coty is expected to close in the second half of 2016, at which point Sylvie will transfer to Coty and her appointment will officially take effect. Until then, she will remain in P&G and continue her global leadership role at Wella.