- Sue Y. Nabi, global beauty industry entrepreneur, to become
CEO of Coty in September
- Peter Harf, founder of the modern Coty, to be elevated to
Executive Chairman
Coty Inc. (NYSE: COTY) today announced that Sue Y. Nabi
has been appointed Chief Executive Officer, effective September 1,
2020. Peter Harf will be elevated to the role of Executive Chairman
and will work closely with Nabi to lead Coty’s transformation.
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the full release here:
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Sue Y. Nabi (Photo: Business Wire)
Nabi, a recognized global innovator and beauty industry
entrepreneur, is the founder and CEO of the new-age luxury skincare
line, Orveda. Previously, she served as Worldwide President of both
L’Oréal, and Lancôme, during her 20-year tenure at L’Oréal.
Harf commented: “Sue is renowned as a visionary and ongoing
game-changer whose outstanding creativity is celebrated in the
beauty industry. I am proud that she now wants to bring her unique
sense of inspiration to Coty.”
“Peter and Coty’s leadership have laid the groundwork to
revitalize an iconic beauty business,” said Nabi. “I’ve been
following their progress avidly and am inspired and energized by
the opportunity to proudly lead the global Coty team into the
future as we build the new, more modern Coty.”
After having championed the diversity of beauty and beauty
marketing in L'Oréal where Nabi helped boost the growth of its
makeup brands, she was then named the youngest President in the
company’s history. She followed that success with her revival of
Lancôme including breakthrough product and brand successes which
resulted in double-digit growth in makeup and skincare.
Nabi also introduced revolutionary campaigns for cosmetics and
skincare appealing to a wider, more global demographic. A facility
to build and manage diverse, multi-functional global teams was a
hallmark of Nabi’s success. She resigned from L'Oréal in 2013 and
began a new life in London. A shift in lifestyle and a personal
health journey inspired the launch, along with co-founder Nicholas
Vu in 2017, of the breakthrough clean, vegan, ultra-luxury skincare
brand, Orveda.
As CEO, Nabi will spend considerable time in Coty’s global
business offices in Amsterdam, London, New York and Paris.
About Coty Inc.
Coty is one of the world’s largest beauty companies with an
iconic portfolio of brands across fragrance, color cosmetics, hair
color and styling, and skin and body care. Coty is the global
leader in fragrance, a strong number two in professional hair color
& styling, and number three in color cosmetics. Coty’s products
are sold in over 150 countries around the world. Coty and its
brands are committed to a range of social causes as well as seeking
to minimize its impact on the environment.
For additional information about Coty Inc., please visit
www.coty.com
Biography
Sue Y. Nabi
Sue Y. Nabi is an Algerian-born French entrepreneur and
innovator in the world of global beauty. With an Advanced Master's
degree in Marketing Management from ESSEC (Paris Business School)
and an engineering degree in Agronomy and Environment, Nabi’s
unique business perspective arises in part from this unique
combination of creativity and rationality.
Nabi began her career at L’Oréal in 1993, where her passion,
ambition and talent for bringing brands alive would lead to her
becoming the youngest ever CEO in L’Oréal history for L’Oréal
Paris. During this period, Nabi perfected her signature recipe for
success of strong innovation pipeline, disruptive packaging and
finally a choice of diverse muses, both women and men, that people
felt close to. Evolving the slogan of L’Oréal Paris to “because
we’re worth it” cemented the brand’s inclusivity and after four
years it was thriving in double-digit growth.
In 2009, Nabi was tasked with revitalising Lancôme. The same
recipe for success was applied to make Lancôme the brand of
happiness, resulting in three years of up to double-digit growth
and a record turnover of €3.2b, with the launch of the most
successful fragrance of the last twenty years, 'La Vie est Belle',
represented by Oscar-winning actress Julia Roberts, and now the
second best-selling prestige perfume in the world.
In 2014, following a ground-breaking career at L’Oréal, Nabi
joined forces with co-founder and friend Nicolas Vu to create a new
product range and brand. After three years of meticulous
development, Orveda was launched in 2017. Green, clean, vegan and
genderless, powered by actives and not by marketing, Orveda is an
empowering, new-age skincare range that is based on the science of
glow and working with skin, not against it.
In 2020, Orveda is sold on Orveda.com and is physically present
in the most beautiful points of sale or luxury spas and medi-spas
in the UK, France, USA, Switzerland, Mexico, Germany, Italy and
Net-A-Porter.
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version on businesswire.com: https://www.businesswire.com/news/home/20200702005223/en/
Investor Relations Olga Levinzon, +1 212 389-7733
olga_levinzon@cotyinc.com
Media Lisa Kessler, +1 917 348 3373
Lisa_Kessler@cotyinc.com
Arnaud Leblin, +33 1 58 71 72 00
Arnaud_Leblin@cotyinc.com
The One Nine Three Group Zach Siegel: zach@the193.com
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