L’Oréal
French beauty giant L’Oréal announced that Françoise Bettencourt Meyers, the third-generation heir of the company’s founding family and its largest shareholder, has officially retired and stepped down from the Board of Directors.
At the same time, the family’s fourth-generation successors are stepping into leadership roles: Jean-Victor Meyers, Françoise Bettencourt Meyers’s eldest son, has been appointed Vice Chairman of the L’Oréal Board of Directors, while her younger son, Nicolas Meyers, will continue to serve as a board member. The family’s holding company, Téthys Invest, has also joined the board in an official capacity, represented by its CEO, Alexandre Benais. Téthys Invest currently holds a 34.7% stake in L’Oréal.
Françoise Bettencourt Meyers had served on the L’Oréal Board since 1997 and held the position of Vice Chair since 2020. She was also a member of the Strategy and Sustainable Development Committee, the Nominations and Governance Committee, and the Human Resources and Remuneration Committee.
In an interview with AFP, she remarked, “I am not leaving L’Oréal, only the board. My husband and I are very pleased to see the bond between the family and L’Oréal continue.”
Jean-Victor Meyers, now 38 years old, has served on L’Oréal’s Board for 13 years. His younger brother Nicolas, 36, has been a member for five years.
Additionally, the terms of CEO Nicolas Hieronimus, Vice Chairman Paul Bulcke, and Alexandre Ricard have each been extended by four years. Isabelle Seillier and Aurélie Jean have also been appointed to the Board for four-year terms.
Sol de Janeiro
Sol de Janeiro, the U.S.-based skincare brand under the L’Occitane Group, has appointed Laurie Lovett as Chief People and Impact Officer and Elaine Paik as Chief Financial Officer.
Above: Laurie Lovett, Elaine Paik
In her new role, Laurie Lovett will oversee human resources, social impact, and ESG (environmental, social, and governance) initiatives, advancing the company’s talent strategy and fostering inclusive leadership. She previously served as Global Chief Human Resources Officer at Nielsen and Verisk and worked at Accenture for 20 years.
Elaine Paik will lead the Finance, IT, and Legal departments, driving strong governance and financial performance. Prior to joining Sol de Janeiro, she was CFO at Impossible Foods and held leadership positions for many years at Colgate-Palmolive.
Both executives will report to Heela Yang, Co-founder and CEO of the Sol de Janeiro brand.
L’Oréal completed its privatization and delisting process on October 15, 2024. According to its last annual report prior to delisting, Sol de Janeiro maintained its strong growth momentum in the fiscal year ended March 31, 2024, with annual sales surging 167.1% to €686 million.
Takasago
Japanese fragrance and flavor company Takasago has appointed Émilie Bouge as Senior Perfumer, based in Paris.
Born into a family of perfumers in Grasse, the perfume capital of France, Émilie Bouge trained at ISIPCA in Versailles and began her career at LMR. She later joined fragrance company Charabot, where she played a key role in establishing a laboratory in Indonesia after the company was acquired by Robertet.
Émilie Bouge possesses strong expertise in natural ingredients and has collaborated with brands such as Creed, Trudon, Acqua di Parma, and Xerjoff. Amanda Hyndman will now focus solely on her role as Chief Operating Officer.
｜Source: Official press releases
｜Image Credit: Company websites, personal social media accounts
｜Editor: LeZhi
