Clarins AGM confirms Shearer as successor to Courtin-Clarins

Published: 7-May-2008

The supervisory board of Clarins has named Philip Shearer as management board president in succession to Christian Courtin-Clarins who has taken over as president of the supervisory board.


The supervisory board of Clarins has named Philip Shearer as management board president in succession to Christian Courtin-Clarins who has taken over as president of the supervisory board.

Shearer worked in the pharmaceutical industry before joining the luxury products division of L'Oréal.

Courtin-Clarins, speaking at the company's AGM, confirmed the targets for 2008 which include organic growth of between 4% and 6% and an improvement in the margins on current activities. However, it is expected that the launch of a number of new products will have some effect on margins in 2008 and 2009.

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