Coty appoints Camillo Pane as new CEO

Published: 21-Jul-2016

Pane to take over from Bart Becht who says he is "very pleased" with the appointment

Coty has named Camillo Pane as its CEO and member of the Coty Board.

Pane will step into his new role following the closing of the P&G/Coty deal, which is expected to finalise in October.

Before taking over from Bart Becht, Interim CEO and Chairman of Coty, Pane will focus on leading the revenue growth agenda ahead of the transition.

Becht said: “I’m very pleased to see Camillo appointed as CEO of Coty. He has an excellent track record of accelerating growth, improving business performance and strengthening capabilities to create a best-in-class organisation. At Coty, he has already shown himself to be a very strong leader with an intense drive and passion to make Coty the new global challenger in Beauty for the benefit of both consumers and shareholders alike.”

Pane has a wealth of experience in the cosmetics, personal care and health industries. He spent 20 years working at Reckitt Beckiser, with his most recent position heading up the company’s global health and personal care business. Pane is credited for playing a key role in the transition of Reckitt Benckiser into consumer health. Today this business is Reckitt Benckiser’s fastest growing.

Pane also has a strong track record of successfully integrating acquisitions across the world. Speaking about his appointment, Pane said: “I am honoured to become the CEO of Coty at such a great moment for the company. The new Coty will have a strong portfolio of consumer-loved beauty brands with excellent potential and a highly experienced management team, which it will be my privilege to lead.”

Pane joined Coty last year and has been leading the development of the company’s portfolio as well as its brand strategies. He has also been focusing on the development of Coty’s beauty brand equities and new product innovation. The person to take over Pane’s current role of Executive Vice President of Coty’s Category Development will be announced in due course.

P&G is on track to transfer 41 brands to Coty when the deal is closed.

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