Coty appoints Markus Strobel as executive chairman and interim CEO

Core Insights - Coty has appointed Markus Strobel as executive chairman of the board and interim CEO, effective January 1, 2026, following the planned departures of Peter Harf and Sue Nabi [1][4] Group 1: Leadership Transition - Markus Strobel brings over 30 years of experience from Procter & Gamble, where he led the global skin and personal care division and oversaw various beauty categories [1][2] - Strobel's appointment comes at a critical time as Coty conducts a strategic review of its Consumer Beauty division [3] Group 2: Company Background and Recent Developments - Coty, founded in Paris in 1904, operates in the beauty sector, offering fragrance, cosmetics, and skin and body care products in over 120 countries [5] - Under Sue Nabi's leadership, Coty launched new fragrances and reduced its financial net leverage to approximately 3 times [5] - Recently, Coty agreed to sell its remaining 25.8% stake in professional haircare group Wella to KKR-managed investment funds [5]