 |
Elio Leoni Sceti will join Coty in July |
Elio Leoni Sceti, described as a seasoned fast-moving consumer goods executive, will join Coty as Chief Executive Officer, effective 1 July. Bart Becht, Coty’s current interim CEO and Chairman, will remain as Chairman following the transition.
Leoni Sceti is currently CEO at Iglo Group, Europe’s leading frozen food company. He was previously CEO of EMI Music, and has also worked for P&G and Reckitt Benckiser (RB), where he oversaw the North American, European and Global Categories during his tenure.
“We are extremely pleased to welcome Elio to the top position at Coty,” commented Becht. “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.”
“I am honoured and excited to be joining Coty at this important juncture in the company’s growth,” noted Leoni Sceti. “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.”
He added: “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.”
As Coty CEO Leoni Sceti’s remit will include overseeing the growth of the company’s portfolio of brands in the fragrances, colour cosmetics and skin and body care categories. His expertise in effectively managing multiple global businesses across several industries will serve as a significant asset for Coty; the company’s leading brands are now sold in more than 130 countries and territories.
Leoni Sceti, 49, is currently an independent member of the board of directors of Anheuser-Busch InBev and will remain as a non-executive board member of Iglo Group. He serves as Chairman of Beamly, a social and content discovery platform around television, and as Chairman of LSG Holdings, an investment and advisory boutique. Leoni Sceti is also a counsellor at One Young World, a global forum bringing together future leaders from more than 160 countries.
