Coty restructures its Prestige division’s sales and R&D leadership

As executive chairman and interim CEO of Coty, Markus Strobel is far from taking a wait-and-see approach. The former Procter & Gamble executive, who took office in December,unveiled the Coty Group’s transformation plan last February. He is now implementing major changes at the American beauty and cosmetics giant.

The plan outlined a commitment to building a healthy and high-performing foundation for fiscal year 2027 and beyond, focusing on a deliberate reduction in the complexity of the brand portfolio, targeted investments in existing, high-performing brands, and a reorganisation of the company focused on direct-to-consumer sales and decision-making closer to the markets. It is clearly around this last point that the announcements made on Thursday revolve.

The New York-based group has announced major departures that are reshaping its organisational structure, particularly within its Prestige division. This division includes the luxury and designer brands Gucci, Burberry, Calvin Klein, Chloé, Marc Jacobs, Hugo Boss, Tiffany & Co., Marni, Etro, Escada, Jil Sander, Joop!, and Davidoff, as well as the skincare and beauty lines Lancaster, Philosophy, Infiniment Coty Paris, Kylie Cosmetics, and Kylie Skin.

The group notes that Caroline Andreotti, the division’s commercial director, will leave the company at the end of September; she had taken on the role in 2023 and spent more than 20 years with the group. “She has shaped Coty’s global commercial strategy, its relationships with key clients and partners, and its leadership in the prestige sector,” Coty notes in a press release.

“Executive chairman and interim CEO Markus Strobel will take direct control of the Prestige division’s commercial operations, with Coty’s regional leaders reporting directly to him. This change brings management closer to the markets, speeds up decision-making, and strengthens accountability for direct sales and market share,” the company explained.

But that’s not the only change. The Scientific and Sustainability function will be eliminated and integrated into the Supply Chain division. Graeme Carter, chief supply chain officer, will therefore oversee this area, while Dr. Shimei Fan will leave Coty at the end of August. “Bringing together innovation, sustainability, and the supply chain for the Prestige division under a single leader streamlines how the company develops and delivers its core business,” the group states.

Alongside this organisational change in its Prestige division- and as the ‘Coty.Curated’ plan is set to gain momentum in the second half of the year- the group has announced the departure of Priya Srinivasan, the group’s chief human resources and engagement officer. The company announced that Séverine Charbon, Global Head of Talent at Publicis Groupe, will assume the role on September 1. “She brings more than 25 years of international experience in talent strategy and organisational transformation,” the group noted.

The group, founded in Paris in 1904, reported revenue of $5.9 billion for its 2025 fiscal year.