Coty Inc on Monday appointed its Chairman and top investor JAB Holdings executive Peter Harf to the role of chief executive officer, as the cosmetics maker tries to revive sales and steer through the coronavirus crisis.
) on Monday appointed its Chairman and top investor JAB Holdings executive Peter Harf to the role of chief executive officer, as the cosmetics maker tries to revive sales and steer through the coronavirus crisis.
Shares of the company, which also signed a deal with investment firm KKR to sell a majority stake in its professional and retail hair business, rose 8.3% before the bell. Former Jimmy Choo boss Pierre Denis - who was set to take the mantle of CEO in May after the departure of former top boss Pierre Laubies - will not take up an executive position and has also resigned from the board, Coty said.He had led Jimmy Choo since 2012 and was recruited by JAB, which also has investments in food companies Keurig Dr Pepper and Krispy Kreme.
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