Coty Names New Interim CEO Amid Strategic Review

Dow Jones12-22 18:33

By Jihye Lee

Cosmetics giant Coty appointed Markus Strobel as interim chief executive and board chair, effective Jan. 1, as part of a broader leadership overhaul amid a review of its consumer-beauty strategy.

Strobel will succeed CEO Sue Nabi and board chair Peter Harf, taking the leadership position "at a pivotal moment...with a strategic review of the Consumer Beauty business under way," Coty said in a statement Monday.

"Strobel sees significant opportunity to reinforce Coty's leadership in beauty and unlock multiple avenues for profitable growth and expansion," the company said. Strobel spent more than three decades at Procter & Gamble, and was most recently president of P&G's global skin and personal-care business, it said.

The appointment comes as U.S.-listed shares of Coty have lost about half of their value so far this year. Last week, the company sold its remaining 26% stake in hair and nail care company Wella to KKR, receiving $750 million in cash upfront.

The Wall Street Journal reported in September that the company was conducting a strategic review of CoverGirl and its other mass-market beauty brands, and would consider options including selling or spinning them off.

Write to Jihye Lee at jihye.lee@wsj.com

(END) Dow Jones Newswires

December 22, 2025 05:33 ET (10:33 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

1

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2593880489?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-22 18:33","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2593880489","market":"sh","top_or_hot":-1,"title":"Coty Names New Interim CEO Amid Strategic Review","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Jihye Lee \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Cosmetics giant Coty appointed Markus Strobel as interim chief executive and board chair, effective Jan. 1, as part of a broader leadership overhaul amid a review of its consumer-beauty strategy. \n</p>\n<p>\n  Strobel will succeed CEO Sue Nabi and board chair Peter Harf, taking the leadership position \"at a pivotal moment...with a strategic review of the Consumer Beauty business under way,\" Coty said in a statement Monday. \n</p>\n<p>\n  \"Strobel sees significant opportunity to reinforce Coty's leadership in beauty and unlock multiple avenues for profitable growth and expansion,\" the company said. Strobel spent more than three decades at Procter &amp; Gamble, and was most recently president of P&amp;G's global skin and personal-care business, it said. \n</p>\n<p>\n  The appointment comes as U.S.-listed shares of Coty have lost about half of their value so far this year. Last week, the company sold its remaining 26% stake in hair and nail care company Wella to KKR, receiving $750 million in cash upfront. \n</p>\n<p>\n  The Wall Street Journal reported in September that the company was conducting a strategic review of CoverGirl and its other mass-market beauty brands, and would consider options including selling or spinning them off. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Jihye Lee at jihye.lee@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 22, 2025 05:33 ET (10:33 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coty Names New Interim CEO Amid Strategic Review</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoty Names New Interim CEO Amid Strategic Review\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-12-22 18:33</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Jihye Lee \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Cosmetics giant Coty appointed Markus Strobel as interim chief executive and board chair, effective Jan. 1, as part of a broader leadership overhaul amid a review of its consumer-beauty strategy. \n</p>\n<p>\n  Strobel will succeed CEO Sue Nabi and board chair Peter Harf, taking the leadership position \"at a pivotal moment...with a strategic review of the Consumer Beauty business under way,\" Coty said in a statement Monday. \n</p>\n<p>\n  \"Strobel sees significant opportunity to reinforce Coty's leadership in beauty and unlock multiple avenues for profitable growth and expansion,\" the company said. Strobel spent more than three decades at Procter &amp; Gamble, and was most recently president of P&amp;G's global skin and personal-care business, it said. \n</p>\n<p>\n  The appointment comes as U.S.-listed shares of Coty have lost about half of their value so far this year. Last week, the company sold its remaining 26% stake in hair and nail care company Wella to KKR, receiving $750 million in cash upfront. \n</p>\n<p>\n  The Wall Street Journal reported in September that the company was conducting a strategic review of CoverGirl and its other mass-market beauty brands, and would consider options including selling or spinning them off. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Jihye Lee at jihye.lee@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 22, 2025 05:33 ET (10:33 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1868837300.USD","symbol_name":"CT (LUX) I AMERICAN FUND \"9\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2593880489","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2593880489","pubTimestamp":1766399580,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Cosmetics giant Coty appointed Markus Strobel as interim chief executive and board chair, effective Jan. 1, as part of a broader leadership overhaul amid a review of its consumer-beauty strategy.Strobel will succeed CEO Sue Nabi and board chair Peter Harf, taking the leadership position \"at a pivotal moment...with a strategic review of the Consumer Beauty business under way,\" Coty said in a statement Monday.\"Strobel sees significant opportunity to reinforce Coty's leadership in beauty and unlock multiple avenues for profitable growth and expansion,\" the company said. Strobel spent more than three decades at Procter & Gamble, and was most recently president of P&G's global skin and personal-care business, it said.The appointment comes as U.S.-listed shares of Coty have lost about half of their value so far this year. Last week, the company sold its remaining 26% stake in hair and nail care company Wella to KKR, receiving $750 million in cash upfront.The Wall Street Journal reported in S","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1868837300.USD":"CT (LUX) I AMERICAN FUND \"9\" (USD) ACC","LU1585245621.USD":"EASTSPRING INV GLOBAL LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC B","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","LU0237698245.USD":"富达环球地产基金A","SG9999014567.USD":"UOB UNITED INCOME FOCUS TRUST FUND (USD) ACC","PG":"宝洁","BK4588":"碎股","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","LU1868836914.USD":"CT (LUX) I AMERICAN \"3\" (USD) ACC","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","SG9999002232.USD":"Allianz Global High Payout USD","SG9999015358.SGD":"United Income Focus Trust Dis SGD-H","SG9999002224.SGD":"Allianz Global High Payout SGD","LU2552382215.SGD":"WELLINGTON US BRAND POWER \"A\" (SGDHDG) ACC","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","LU1868836591.USD":"CT (LUX) I AMERICAN \"1U\"(USD) ACC","BK4581":"高盛持仓","COTY":"科蒂","BK4504":"桥水持仓","IE00B3T34201.USD":"BNY MELLON GLOBAL EQUITY INCOME \"B\" (USD) INC","IE00BN8TJ469.HKD":"FTGF CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A\" (HKD) INC","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","SG9999014542.SGD":"United Income Focus Trust Acc SGD","LU0689626769.HKD":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (HKD) ACC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU2129689605.HKD":"FRANKLIN GLOBAL INCOME \"A\" (HKD) INC","BK4018":"居家用品","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4534":"瑞士信贷持仓","BK4567":"ESG概念","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","LU2129689514.USD":"FRANKLIN GLOBAL INCOME \"A\" (USD) INC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU1929549753.HKD":"FRANKLIN INCOME \"A\" (HKD) INC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0096364046.USD":"CT (LUX) I AMERICAN \"DU\" (USD) ACC","IE000M9KFDE8.USD":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU2129689431.USD":"FRANKLIN GLOBAL INCOME \"A\" (USD) ACC","BK4558":"双十一","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","SG9999014559.SGD":"United Income Focus Trust Dis SGD","SG9999001440.SGD":"United Global Dividend Equity Fund A SGD Dist","LU2097829019.USD":"AZ EQUITY - BORLETTI GLOBAL LIFESTYLE \"AI\" (USD) ACC"},"translate_title":"科蒂在战略审查中任命新临时首席执行官","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COTY":1.5,"PG":0.75},"content_text":"By Jihye Lee \n\n\n \n\n\n  Cosmetics giant Coty appointed Markus Strobel as interim chief executive and board chair, effective Jan. 1, as part of a broader leadership overhaul amid a review of its consumer-beauty strategy. \n\n\n  Strobel will succeed CEO Sue Nabi and board chair Peter Harf, taking the leadership position \"at a pivotal moment...with a strategic review of the Consumer Beauty business under way,\" Coty said in a statement Monday. \n\n\n  \"Strobel sees significant opportunity to reinforce Coty's leadership in beauty and unlock multiple avenues for profitable growth and expansion,\" the company said. Strobel spent more than three decades at Procter & Gamble, and was most recently president of P&G's global skin and personal-care business, it said. \n\n\n  The appointment comes as U.S.-listed shares of Coty have lost about half of their value so far this year. Last week, the company sold its remaining 26% stake in hair and nail care company Wella to KKR, receiving $750 million in cash upfront. \n\n\n  The Wall Street Journal reported in September that the company was conducting a strategic review of CoverGirl and its other mass-market beauty brands, and would consider options including selling or spinning them off. \n\n\n \n\n\n  Write to Jihye Lee at jihye.lee@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 22, 2025 05:33 ET (10:33 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"executive","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2593880489","isCrawlerRequest":true}