Coty appoints Elio Leoni Sceti as CEO

Coty has appointed Elio Leoni Sceti as its new CEO. Sceti will take over from Bart Becht, the company’s interim CEO and Chairman. Becht will remain Chairman following the transition. Sceti joins Coty from his position as CEO of the Iglo Group, Europe’s leading frozen food company. He has also served as CEO of EMI Music.

Sceti said: “I am honored and excited to be joining Coty at this important juncture in the company’s growth. Coty combines my love for building global brands with a passion for innovation and great products that connect with consumers at an emotional level. I believe there is an incredible opportunity to build upon Coty’s established, leading global platform throughout the world, and I look forward to working with all the company’s employees to build upon the amazing collection of Coty global brands and beauty platforms.”

“I am also thrilled to be working again with Bart as my Chairman at Coty. I hugely respect Bart’s vision and guidance, and look forward to working with him. I am very much looking forward to taking Coty to new heights.”

Becht added: “We are extremely pleased to welcome Elio to the top position at Coty. Elio’s significant experience and proven track record in building successful, global brands will be a tremendous asset to Coty as it continues to enhance its position in the Global Beauty industry. I have known Elio on a professional level for many years, dating back to our days together at RB, and I firmly believe he is the right leader to oversee the next stage of Coty’s development.”