×
30 991
Fashion Jobs
COTY
Technical Packaging Manager
Permanent · Cockeysville
NORDSTROM
Loss Prevention Security Ambassador San Leandro Rack
Permanent · San Leandro
NORDSTROM
Loss Prevention Agent Green Hills
Permanent · Nashville
NORDSTROM INC
Assistant Loss Prevention Manager – 12th st. Rack
Permanent · Washington, D.C.
NORDSTROM INC
Senior Operations Manager 2 - San Bernardino, ca
Permanent · San Bernardino
NORDSTROM
Loss Prevention Security Ambassador Chandler Festival Rack
Permanent · Chandler
NORDSTROM
Loss Prevention Security Ambassador University Crossing Rack
Permanent · Orem
NORDSTROM
Loss Prevention Security Ambassador (Part-Time And Full-Time) - Pentagon Center Rack
Permanent · Arlington
NORDSTROM INC
Asset Protection Security Ambassador- The Oaks
Permanent · Thousand Oaks
KOHLS
Full-Time Loss Prevention Service Specialist
Permanent · Campbell
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Hoover
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Council Bluffs
KOHLS
Full-Time Loss Prevention Service Specialist
Permanent · Albuquerque
KOHLS
Full-Time Loss Prevention Officer
Permanent · Las Vegas
KOHLS
Full-Time Loss Prevention Officer
Permanent · Albuquerque
KOHLS
Senior Product Manager, Data Analytics (Remote)
Permanent · Menomonee Falls
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Seekonk
L'OREAL GROUP
sr. Manager - Omni Shopper Marketing - IT Cosmetics
Permanent · Jersey City
L'OREAL GROUP
sr Analyst-Product Info Management
Permanent · Clark
HUGO BOSS
Payroll Manager
Permanent · New York
TJX CORPORATE
Sales Audit Financial Coordinator
Permanent · Marlborough
BATH & BODY WORKS
Social Compliance Manager
Permanent · New Albany
Published
Dec 10, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Coty promotes Laurent Mercier to chief financial officer

Published
Dec 10, 2020

Coty Inc. has announced the promotion of Laurent Mercier to the role of chief financial officer, effective February 15, 2021. 


Coty


Mercier, who is based in Coty’s Amsterdam headquarters, is currently Coty’s deputy CFO, and has been with the company since 2017. As CFO, he will join the executive committee and report directly to chief executive officer, Sue Y. Nabi. 

Mercier began his career with Coty as CFO of its Luxury division in 2017, where he increased operating income by more than 50% in two years, while maintaining mid-single digit LFL (like-for-like) sales growth, the company said. Prior to joining Coty, he spent 20 years at global food and beverage company Danone, where he held several leadership roles including CFO of Evian Volvic Germany; CFO for Asia, Middle East and Africa; and leading Danone’s European Dairy business.

As CFO, Mercier will continue driving Coty’s turnaround program together with Gordon von Bretten, who leads the execution of Coty’s $600 million fixed cost reduction program in his role as chief transformation officer, the company said. 

"As a company, we are 100% focused on diligent cost control and reigniting sustainable sales growth, and we will continue to deliver on our robust financial commitments, including reaching leverage of 5x by end of CY21 and less than 3x in the medium term," Mercier said. 

He succeeds Pierre-André Terisse, who he worked with closely at both Coty and during their previous roles at Danone. Once Mercier takes on the CFO role, Terisse will serve as a Coty designated member of the board of hair care brand, Wella.

Mercier's promotion announcement follows the completed sale of a majority stake in Coty's professional and retail hair business—including the Wella, Clairol, OPI and GHD brands—to KKR, a private equity firm, in late November. 

“[Mercier] is a very capable leader who has been instrumental in the financial transformation of Coty during an extremely challenging operating environment, building a stronger, more focused and top line oriented business that’s set up for profitable growth," Nabi said. 

"[Mercier] knows this business inside-out, playing a critical role in recent months in allocating resources and marketing investments behind the most promising opportunities. He brings a wealth of global experience, both from his time here at Coty and from high-profile leadership roles at Danone.”

Other recent additions to the Coty leadership include Stefano Curti, who joined as chief brands officer, consumer beauty in early December; Alexis Vaganay, who was promoted to chief commercial officer, consumer beauty that same month; Isabelle Bonfanti, who was named as chief commercial officer, luxury in October; and Jean-Denis Mariani, who was also named in October as chief digital officer.  

Copyright © 2021 FashionNetwork.com All rights reserved.