Coty Names Dr. Shimei Fan as Chief Scientific Officer
November 16 2021 - 8:00AM
Business Wire
30-year Beauty Industry veteran to lead
sustainable R&D and innovation division
Coty, Inc. (NYSE: COTY) today announced that Dr. Shimei Fan,
formerly Senior Vice President of Shiseido’s Americas Innovation
Center, will join the company as Chief Scientific Officer,
reporting to CEO Sue Y. Nabi. Shimei will take up the role on
January 3, 2022 and will be based in Amsterdam.
As Chief Scientific Officer, Shimei will head up the 500
employees in the organization’s global R&D and innovation
function and lead on sustainability. Coty R&D is responsible
for expanding and evolving the organization’s best-in-class
portfolio of products, by creatively combining cutting-edge
technologies with prevailing beauty trends. With a rich heritage of
scientific mastery and development of ownable technology and
winning innovation, the team ensures sustainability, and the needs
of Coty’s consumers are at the heart of every innovation.
“We could not be more thrilled to welcome Shimei, an innovative
beauty scientist and seasoned R&D leader with a 30-year track
record of delivering highly innovative, sustainable and clean
consumer products for the world’s leading beauty companies,” said
Sue Y. Nabi, CEO of Coty.
“Coty is leading the field of 'Clean Beauty That Works', and
with Shimei as Chief Scientific Officer leading on sustainability,
we are demonstrating our belief that sustainability is the ultimate
driver of beauty innovation and central to Coty’s continued
success. Shimei shares this vision, and we are excited to add her
talents and expertise to the company’s senior leadership.”
From her prior experience at Shiseido, Beiersdorf, and Unilever,
Shimei brings deep and invaluable expertise across three of Coty’s
strategic growth drivers: color cosmetics, skincare and the Chinese
beauty market.
As part of her role, she will focus on implementing Coty’s
unique portfolio of key IP, such as skincare ingredients,
encapsulation technologies, or skin protection know-how, to boost
the company’s skincare portfolio of seven brands. At the same time,
she will be ensuring Coty’s skincare and color cosmetics ranges
continue to become totally inclusive, as the company continues to
make substantial investments in both businesses.
“As a beauty scientist and consumer, I have always admired the
creativity, thought and care that Coty puts into its products and
the respect the company has for its people and our planet,” said
Shimei. “I am very excited to join Coty at this time, as the
company continues to raise the bar in sustainable product
development.”
Prior to her time at Shiseido, Shimei was Vice President of
Global R&D at Beiersdorf and Global R&D Director at Johnson
& Johnson’s consumer division. She started her consumer
products R&D career at Unilever, where she spent 22 years.
Shimei earned a bachelor’s degree in Nuclear Chemistry from
Fu-Dan University in Shanghai, one of the world’s leading
Universities in the Sciences, a master’s degree in Superconductors
from Cambridge University, and a Ph.D. in Physical Chemistry from
the University of Southampton.
Her appointment as Coty’s Chief Scientific Officer, whose
R&D responsibilities were previously held by the Chief Supply
Officer and Head of R&D, reflect Coty’s belief that
sustainability-driven innovation is the key to the company’s
continued and future success.
About Coty
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 markets, sells, and
distributes the products in approximately 130 countries and
territories. 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.
Source: Coty Inc.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211116005836/en/
Investor Relations Olga Levinzon 212-389-7733
Olga_Levinzon@cotyinc.com
Media Antonia Werther +31 621 394495
Antonia_Werther@cotyinc.com
Coty (NYSE:COTY)
Historical Stock Chart
From Aug 2024 to Sep 2024
Coty (NYSE:COTY)
Historical Stock Chart
From Sep 2023 to Sep 2024