Coty names new chief commercial officer, prestige
Coty Inc. announced on Thursday the appointment of Caroline Andreotti to the role of chief commercial officer for its prestige division, effective April 1.
As CCO, prestige, Andreotti will focus on Coty’s global commercial prestige strategy. She will continue to strengthen Coty’s position in the prestige fragrance market globally, accelerate prestige makeup innovations, and push the skincare growth journey in Asia and beyond, said Coty in a press release.
She replaces Isabelle Bonfanti, who is stepping down from the role after 2.5 years.
A beauty industry veteran with over 20 years of experience, Andreotti has spent 15 of those years at Coty. Currently Coty's EVP, global premium skincare, she has expertise in the Asian market, having worked in the region through much of her career, and strong knowledge of fragrance, skin and body care, and color cosmetics.
As head of travel retail, Andreotti helped open the first Chloé Atelier des Fleurs counters. She also pioneered the relaunch and expansion of Lancaster in Hainan. Most recently, she led the global skincare expansion for three of Coty’s prestige skincare brands: Orveda, Lancaster and Philosophy.
“Caroline is a highly accomplished leader who has a strong track record for delivering brand and channel growth, as well as developing and leading high performing teams,' said Sue Nabi, Coty’s CEO.
"She is an expert in the Asian beauty market and is therefore ideally placed to drive our strategic growth in China, our ambitious plans in skincare and the consolidation of our leading position in fragrances. It gives me great pleasure to appoint Caroline as Coty’s CCO for Prestige, and her promotion is testament to the depth of talent we have within Coty."
Earlier this month, the New York-based company lifted its full-year 2023 guidance, adding that is third-quarter sales growth is currently tracking at up 10% like-for-like, reflecting an increase from the 7% like-for-like sales growth in the second quarter.
Copyright © 2023 FashionNetwork.com All rights reserved.