Laurent Mercier is appointed Chief Financial Officer of the Coty company
While working for the company as Deputy CFO since 2017, Laurent Mercier has just been appointed CFO of Coty. In this capacity, he will join the firm’s Executive Committee and will report directly to the Group’s Chief Executive Officer, Sue Y. Nabi.
According to the Chief Executive Officer, “Mercier is a very capable leader who has played a key role in Coty’s financial transformation, in an extremely challenging operating environment, building a stronger, more focused and upscale company, set up for profitable growth.” To that, Sue Y. Nabi added that Mr. Mercier “knows this company inside out and has been instrumental in recent months in allocating resources and marketing investments to the most promising opportunities. He brings a wealth of international experience, gained both here at Coty and in high-profile management positions at Danone.”
Indeed, it was after spending 20 years with the food multinational that Laurent Mercier began his career at Coty. There, the future CFO increased operating income by more than 50% in two years, while maintaining constant sales growth.
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Featured photo: © Coty
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