Coty Promotes Industry Veteran Camillo Pane to CEO
July 21 2016 - 9:00AM
Dow Jones News
Coty Inc. said Camillo Pane, an industry veteran with extensive
experience in integrating acquisitions, was appointed as the
beauty-products maker's new chief executive.
Mr. Pane is set to take the reins when Coty closes its roughly
$13 billion deal for Procter & Gamble Co.'s beauty portfolio,
expected in October.
He will succeed Bart Becht, who has served as CEO on an interim
basis since September of 2014. Mr. Becht will continue to serve as
the company's chairman and assist with the integration.
Since joining Coty a year ago, Mr. Pane has been responsible for
developing the company's portfolio, category and brand strategies.
The company said his successor as head of category development will
be announced later.
Mr. Pane's experience includes a 20-year career with Reckitt
Benckiser Group PLC, most recently as the head of the British
consumer-goods company's global-health and personal-care business.
Coty said Mr. Pane had a key role in the transformation of Reckitt
Benckiser's consumer-health segment.
Write to Tess Stynes at tess.stynes@wsj.com
(END) Dow Jones Newswires
July 21, 2016 08:45 ET (12:45 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
Procter and Gamble (NYSE:PG)
Historical Stock Chart
From Apr 2024 to May 2024
Procter and Gamble (NYSE:PG)
Historical Stock Chart
From May 2023 to May 2024