The Strategist

L'Oreal appoints new CEO


10/15/2020 - 03:57



The French cosmetics company L'Oreal has adopted a decision to replace the CEO, giving the position to Nicolas Hieronimus.



MTA New York City Transit / Marc A. Hermann
MTA New York City Transit / Marc A. Hermann
This is stated in the press release of the company, published on its website.

As it is noted, Hieronimus will take office on May 1, 2021 on the basis of the decision of the Board of Directors of the company. At this position he will replace the current head of L'Oreal Jean-Paul Agon, who has been acting CEO since 2006 and has been the chairman of the board of directors since 2011. Agon will delegate his powers to his successor until July 2021.

“Nicolas Hieronimus is an inspiring leader with all the qualities necessary to be the CEO of L'Oreal. His great sensitivity to the needs and expectations of consumers, his ideal understanding of the spirit of the times, <...>, his deep knowledge of the brands of the company and the ability to unite and engage employees, make him the best candidate”, said Agon

He added that Hieronimus is well prepared for this role; he display a successful career and has more than 30 years of experience in the company.

Hieronymus came to L'Oreal in 1987. In January 2011, he was appointed to the post of CEO of luxury products, which he held until the end of 2018. From July 1, 2013 also became the President of the subdivisions of selective production. On May 1, 2017, he was appointed Deputy General Director, responsible for the unit.

source: bloomberg.com




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