Coty Inc appoints Richard Jones as Global Chief Supply Officer and a member of the Executive Committee

Coty Inc appoints Richard Jones as Global Chief Supply Officer and a member of the Executive Committee
PRESS RELEASE
Nov 1, 2019
 
NEW YORK -- (BUSINESS WIRE) -- To support its ongoing turnaround plan and future growth, and the strengthening of its leadership organization for its supply chain, Coty Inc. today announced the appointment of Richard Jones as Global Chief Supply Officer and a member of the Executive Committee effective November 1st. Richard will report to Pierre Laubies, CEO, and be based in Amsterdam.
Richard will have responsibility for manufacturing, planning, logistics and distribution, while procurement remains a separate dedicated organization.
 
He brings with him a wealth of international experience in operations and supply chain, mostly in the Beauty and Luxury goods industries. With a career spanning 30 years, Richard has developed a deep and diverse supply chain skillset. He comes to Coty from Keurig, where he most recently served as Chief Supply Chain Officer and Executive Committee member. In this role, he was responsible for global product supply, as well as the quality, safety, and environmental management of Keurig’s manufacturing processes. Prior to Keurig, Richard spent 18 years at L’Oréal, in progressive operations, manufacturing and supply chain roles supporting all beauty categories. A British native, he began his supply chain journey in Unilever, where he spent the first ten years of his career.
 
After the initial phase focusing on stabilizing the supply chain and putting in place the necessary immediate corrections with respect to the company’s 2018 challenges, Coty is now beginning to implement the action plans specific to this function and focus on the key value creation objectives.

Pierre Laubies said: “We are glad to welcome Richard to our team and his experience, notably in Beauty, will be key to the progress of our company’s evolution. Today’s appointment is an important step in supporting our ongoing transformation and our strategic roadmap for future growth. Reducing complexity and costs will drive operational leadership and unlock opportunities for reinvestment and profit expansion”.

About Coty Inc.

Coty is one of the world’s largest beauty companies with an iconic portfolio of brands across fragrance, color cosmetics, hair color and styling, and skin and body care. Coty is the global leader in fragrance, a strong number two in professional hair color & styling, and number three in color cosmetics. Coty’s products are sold in over 150 countries around the world. 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.

For more information, please contact:

Investor Relations
Olga Levinzon, +1 212 389-7733
olga_levinzon@cotyinc.com

Media
Lisa Kessler, + 917 348-3373
Lisa_Kessler@cotyinc.com

Arnaud Leblin, + 33 1 58 71 72 00
Arnaud_Leblin@cotyinc.com