Coty recently announced a new organizational structure and the future leadership team for the company effective when Coty merges with The Procter & Gamble Company’s (P&G) fine fragrance, color cosmetics, salon professional, and hair color and styling businesses. As part of the announcement, Coty appointed Sylvie Moreau, current executive vice president of Wella, the Salon Division of P&G, as the president of its future Coty Professional Beauty Division.
Coty Professional Beauty Division will be one of Coty’s three divisions after the merger (alongside Coty Luxury and Consumer Beauty Division). The division will include the full Wella P&G Salon Professional hair portfolio and Coty’s OPI brand, a leader in the professional nailcare industry. “Sylvie is the perfect leader to head the future Coty Professional Beauty division and advance our position in the salon industry,” says Bart Becht, Coty chairman and interim chief executive officer. “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."
The merger is expected to close in the second half of 2016, at which point Moreau will transfer to Coty and assume the role of president. Until then, Moreau will remain in P&G and continue her global leadership role in Wella. "I am honored and delighted to be the future leader of Coty Professional Beauty, home to world's leading salon mega-brands Wella and OPI, “ says Moreau. “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.”