To align with the standards of publicly traded companies, the Spanish beauty and fashion specialist has recently separated the roles of Chairman—a position still held by Marc Puig—and CEO, a role now held by Jose Manuel Albesa.
Kering is not the only family-owned luxury group to evolve its governance by promoting a talented executive alongside the heir…
The Board of Directors of Puig, the Catalan beauty and fashion specialist, has just announced, via a press release dated March 17, what it describes as a “major step in the evolution of the company’s governance, which strengthens its leadership.” Namely, “the separation of the roles of Chairman and Chief Executive Officer (CEO, Ed.),” in accordance with current best practices for publicly traded companies.”
Marc Puig Now Chairman
The owner of brands and licenses such as Nina Ricci, Charlotte Tilbury, Paco Rabanne, Carolina Herrera, Jean Paul Gaultier, and Penhaligon’s has thus appointed Jose Manuel Albesa to the position of Chief Executive Officer (CEO), effective immediately. For his part, Marc Puig, who until now held the dual roles of Chairman and CEO, will continue to serve as Chairman of Puig.
Discover our plans Subscribe for 1€ Become an active member of the community of luxury leaders.
Read more > Estée Lauder and Puig are considering a merger
Featured photo: © Puig
