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L’Oreal Names CEO To Follow Agon; ELC And Coty Appoint Digital Leadership; Executive News In Brief

Deputy CEO Nicolas Hieronimus will take L’Oreal’s helm beginning in May 2021, with Jean-Paul Agon continuing as chairman, the firm announced on 14 October. The Estee Lauder Companies hires PepsiCo’s Gibu Thomas to lead its online business, and Coty appoints its first chief digital officer.

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Nicolas Hieronimus, who joined L’Oreal SA in 1987 as product manager and was named deputy CEO in charge of divisions in May 2017, will be CEO of the company as of 1 May 2021, according to the firm’s 14 October announcement. Current CEO Jean-Paul Agon, who is approaching the firm’s legal retirement age of 65 years, will continue as chairman, while Barbara Lavernos, recently appointed president of research, innovation and technologies, will assume the deputy CEO role. (Also see "L’Oreal Appoints Research, Innovation And Tech Head; Shiseido’s First Female Regional CEO; Beauty Exec News" - HBW Insight, 14 October, 2020.)

Agon touts Hieronimus’ long career at L’Oreal, in particular his successful run as head of the Luxe division, and says his “great sensitivity to the needs and expectations of consumers, his perfect understanding of the spirit of the times, his marketing experience of beauty in all channels, countries and categories, his intimate

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