Coty
On December 22, American beauty and fragrance group Coty announced that Markus Strobel has been appointed Executive Chairman of the Board and Interim Chief Executive Officer, effective January 1, 2026.
At the same time, Peter Harf will retire from the Board of Directors after more than 30 years with Coty, and CEO Sue Nabi will also step down after five years in the role.
Coty noted that Peter Harf’s leadership helped grow the company into a global leader in the beauty industry. During her tenure, Sue Nabi led the launch of several blockbuster fragrances, including Burberry Goddess, and significantly reduced the company’s financial net leverage to approximately 3×. Both have laid a solid foundation for Coty’s continued development and created favorable conditions for future profitable growth.
Before joining Coty, Markus Strobel worked at Procter & Gamble for 33 years, most recently serving as President of Global Skin and Personal Care. He managed a multi-billion-dollar portfolio encompassing at least 12 global brands. Strobel spearheaded category innovation and organizational transformation at P&G’s beauty division and played a key role in elevating SK-II to a leading premium skincare brand in Asia, earning widespread industry recognition.
During his time at P&G, he held various senior roles across the beauty and personal care sectors, covering high-end fragrances, hair care, and men’s grooming. While overseeing the fragrance business, he led efforts related to major luxury brands such as Gucci, Dolce & Gabbana, Valentino, and Hugo Boss. He drove modernization across innovation, product supply chains, marketing, market entry strategies, and operational capabilities in markets including North America, the Chinese Mainland, Japan, South Korea, and Europe.
Coty emphasized that this is a pivotal moment in the company’s development. As Executive Chairman and Interim CEO, Markus Strobel will lead the company forward. Coty is currently conducting a strategic review of its mass beauty business. With full support from the Board, Strobel sees a significant opportunity for Coty to strengthen its leadership in the beauty industry and to pursue multiple avenues for profitable growth and business expansion.
Procter & Gamble
U.S. consumer goods giant Procter & Gamble has announced new leadership appointments:
- Peter Beets, currently Vice President of P&G and head of the Eastern Europe region, will succeed Paolo Grue as the new President and CEO of P&G Italy.
- Paolo Grue will transition to become Senior Vice President of P&G’s Oral Care division, overseeing business development in the European market and will be based at the company’s European headquarters in Geneva.
Peter Beets, 49, holds a Master’s degree in Economics from the University of Antwerp. He began his career at P&G in 1998 as a financial analyst at the Mechelen plant. Over the years, he has held various management positions across finance, business management, and marketing, gaining extensive experience in financial analysis, business strategy, corporate planning, and profit and loss management.
In 2014, after serving in multiple roles across P&G’s European and global operations, Beets was appointed Vice President of Financial Planning & Analysis for Europe. In 2015, he led the divestiture of P&G’s professional beauty business in Europe, the Middle East, and Africa, and facilitated the smooth transition of that business to Coty Inc.
From 2016 to 2020, he served as Vice President of Global Audit and Consulting, overseeing P&G’s commercial operations worldwide. In 2021, he became Chief Financial Officer for Eastern Europe, and in 2024 was promoted to Head of P&G Eastern Europe, where he is responsible for the region’s commercial strategy and market operations.
｜Source: Official press release
｜Image Credit: Personal social media account
｜Editor: LeZhi
