09.29.14
Coty Inc. made a big announcement today - the company's CEO, Michele Scannavini, has stepped down due to personal reasons. Scannavini has also resigned from its Board of Directors.
Coty's Chairman Bart Becht will become interim CEO, as the company's search for a new leader begins.
Scannavini said, " I feel honored to have led Coty through an important chapter of its history and proud to have contributed to the success of the Company over the last 12 years, It has been an extremely rewarding adventure, developing great brands and leading a group of exceptionally talented and passionate people. I wish Coty and my long-time colleagues the brightest future and many more years of success."
Becht added, "I want to thank Michele for his many contributions during his career at Coty. Michele has been a material part and key contributor to Coty's success over the past decade. We would like to thank him in particular for taking Coty public through a listing on the New York Stock Exchange and developing a clear strategy for Coty's future. We will miss Michele's professionalism and humanity; we wish him the very best as he moves on to the next phase of his career."
Coty's Chairman Bart Becht will become interim CEO, as the company's search for a new leader begins.
Scannavini said, " I feel honored to have led Coty through an important chapter of its history and proud to have contributed to the success of the Company over the last 12 years, It has been an extremely rewarding adventure, developing great brands and leading a group of exceptionally talented and passionate people. I wish Coty and my long-time colleagues the brightest future and many more years of success."
Becht added, "I want to thank Michele for his many contributions during his career at Coty. Michele has been a material part and key contributor to Coty's success over the past decade. We would like to thank him in particular for taking Coty public through a listing on the New York Stock Exchange and developing a clear strategy for Coty's future. We will miss Michele's professionalism and humanity; we wish him the very best as he moves on to the next phase of his career."