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Jun 10, 2015
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Coty adds new member to Board of Directors

Jun 10, 2015

Beauty company, Coty Inc., has announced that it has added Paul S. Michaels, former Global President of Mars, to its Board of Directors.

Mascara by Rimmel London, a Coty-owned brand - Rimmel London

"Paul S. Michaels is one of the most highly respected leaders in the consumer goods industry and we are excited to add him to Coty’s Board of Directors," said Bart Becht, Chairman and Interim CEO of Coty. "His expertise and creativity in working with global brands will be a tremendous asset to the company as we continue to pursue our strategy of returning Coty to profitable growth behind its brand building and efficiency programs."
Michaels is credited for achieving record growth at Mars by strengthening the company’s portfolio through brand revitalization and product innovations, emphasizing operational efficiency and developing a high-performance culture. He began his career at Proctor & Gamble before moving to Johnson & Johnson where he built the company’s many flagship brands such as Band-Aid Brand Adhesive Bandages, REACH Toothbrushes and JOHNSON’s Baby Shampoo, among others.

Coty Inc. is a 111-year old beauty company that has a portfolio of fragrances, cosmetics, and skin and body care with companies, Adidas, Calvin Klein, Chloe, DAVIDOFF, Marc Jacobs, OPI, Philosophy, Playboy, Rimmel, and Sally Hansen. The company reported net revenues of $4.6 billion for the fiscal year ended June 30th, 2014. 

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