Coty has announced that Simona Cattaneo is to step down from her role as President of Luxury Brands after five years at the company. She will remain with the beauty product giant until the Summer, with a successor expected to be revealed in the coming weeks.
Sue Y. Nabi, Coty’s CEO said: “I want to sincerely thank Simona for her leadership, commitment and passion over the last five years. She played a key role in building our prestige brands portfolio – expanding our presence in the make-up space, and strengthening our relationships with Coty’s licensors, as well as successfully integrating Kim and Kylie’s beauty businesses into our portfolio.
“Simona has helped lay the foundations for Coty’s long-term success and we wish her the very best in the next chapter of her career.”
Earlier this month, Coty posted another fall in sales as demand for some of its products continued to be impacted by Covid-19 lockdowns. However, its Prestige division, which includes premiums brands such as Burberry perfumes and Gucci foundations, returned to growth as sales picked up in China and the US.
