Coty has announced major leadership changes within its Prestige division, as Executive Chairman and Interim CEO Markus Strobel continues to implement the company’s transformation strategy to strengthen growth and simplify operations.
Since taking over in December, Strobel has moved quickly to reshape the global beauty company. Earlier this year, Coty introduced its “Coty.Curated” transformation plan, focusing on streamlining its brand portfolio, investing in high-performing brands, and bringing decision-making closer to regional markets.
As part of the latest changes, Caroline Andreotti, Chief Commercial Officer of the Prestige division, will leave the company at the end of September after more than two decades with Coty. Andreotti has played a key role in shaping the company’s global commercial strategy and strengthening relationships with major retail partners.
Following her departure, Strobel will directly oversee the Prestige division’s commercial operations, with regional leaders reporting to him. Coty says this new structure will enable faster decision-making, improve accountability, and strengthen direct-to-market execution.
The company is also restructuring its research and sustainability operations. The Scientific and Sustainability function will be integrated into the Supply Chain division under Graeme Carter, Chief Supply Chain Officer. As a result, Dr. Shimei Fan will leave the company at the end of August.
In addition, Priya Srinivasan, Chief Human Resources and Engagement Officer, will step down. She will be succeeded by Séverine Charbon, currently Global Head of Talent at Publicis Groupe, who will join Coty on September 1. Charbon brings more than 25 years of international experience in talent strategy and organizational transformation.
Coty’s Prestige division includes globally recognized brands such as Gucci Beauty, Burberry, Calvin Klein, Chloé, Marc Jacobs, Hugo Boss, Tiffany & Co., Kylie Cosmetics, Kylie Skin, Philosophy, and Lancaster.
Founded in Paris in 1904, Coty reported $5.9 billion in revenue for its 2025 fiscal year. The latest organizational changes reflect the company’s ongoing efforts to build a more agile, market-focused business as it prepares for future growth.
