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Coty Strengthens Leadership Organization for Supply Chain to Support Its Ongoing Turnaround Plan and Future Growth

September 09, 2019 / Business Wire
SHARESHARESHARE

Coty Inc. (NYSE: COTY) today announced a strengthened Leadership organization for its Supply Chain to support its ongoing turnaround plan and future growth. After the initial phase focusing on stabilizing the Supply Chain, putting in place the necessary immediate corrections with respect to our 2018 challenges which are now behind us, as well as assessing the strengths and weaknesses of this function and design the roadmap of its evolution in our turnaround plan, the time has now come to implement the action plans and focus on the key value creation objectives. Those objectives will be at the core of the refined Leadership organization for the Coty Supply Chain in which the Procurement function and Supply Operations will be organizationally disassociated and reinforced. Both will report directly to Pierre Laubies, Coty’s Chief Executive Officer, and will sit at the Executive Committee. Ad interim, Procurement will be led by Gianluca Colombo - Chief Procurement Officer, and Supply Operations will be led by Jean-Claude Thomas.