Richard Jones to Leave Coty
June 25 2021 - 4:15PM
Business Wire
Coty Inc. (NYSE: COTY), one of the world’s leading beauty
companies and the global leader in fragrances, today announced that
Richard Jones is stepping down from his role as Chief Supply
Officer and Head of R&D. Jones, who joined Coty in 2019, will
remain with Coty until June 30.
Commenting on the announcement, Sue Y. Nabi, Coty’s CEO
said:
“I want to pay tribute to Richard for his contribution to the
development of Coty’s Supply organization over the past two years,
and more recently for his work with our R&D team. In
particular, Richard played a significant role in organizing and
maintaining our operations throughout the global pandemic. He
leaves Coty a more efficient and agile business, with resources
better focused on what we do best: creating and delivering
world-class, innovative beauty products for consumers across the
globe.”
“The last couple of years at Coty have been an incredible
experience, both personally and professionally,” said Richard
Jones. “I am very proud of the way the team, one of the strongest
I’ve ever worked with, and everyone at Coty has responded to the
challenges brought about by the pandemic. Coty’s progress toward
becoming a more modern and focused business have called for new and
innovative approaches. The situation has made us think differently
and to be more creative.”
In order to best serve Coty’s great ambitions in its strategic
categories and to best leverage it’s unique IP, the Company intends
to separate Richard Jones’ role into two positions, appointing an
expert leader over each of Supply Chain and R&D. These new
appointments will be announced in due course. In the interim,
current Coty leaders will be assuming Jones’ responsibilities.
About Coty Inc.
Coty is one of the world’s largest beauty companies with an
iconic portfolio of brands across fragrance, color cosmetics, and
skin and body care. Coty is the global leader in fragrance, and
number three in color cosmetics. Coty’s products are sold in over
150 countries around the world. Coty and its brands are committed
to a range of social causes as well as seeking to minimize its
impact on the environment. For additional information about Coty
Inc., please visit www.coty.com.
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Investor Relations Olga Levinzon, +1 212 389-7733 /
Olga_Levinzon@cotyinc.com
Media Stephanie Taylor, +1 954 465-7855 /
Stephanie_taylor@cotyinc.com
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