NEW YORK — Coty Inc. announced the resignation of Camillo Pane, current chief executive officer of Coty, for family reasons and the appointment of Pierre Laubies as the new CEO of Coty, effective immediately. Bart Becht, chairman of Coty, said: “We are very grateful for Camillo’s many contributions to Coty during his time as CEO.
PLANO, Texas, and BURLINGTON, Mass. — Keurig Green Mountain Inc. and Dr Pepper Snapple Group plan to merge in a deal that will create a new beverage giant, Keurig Dr Pepper (KDP), in the North American market. Under the agreement announced Monday, Dr Pepper Snapple shareholders will receive $103.75 per share in a special cash dividend
NEW YORK — Coty Inc. has appointed Sabine Chalmers, chief legal officer at beer giant Anheuser-Busch InBev, to its board of directors. Coty said Tuesday that Chalmers will also serve on the board’s audit and finance committee. The addition of Chalmers brings 25 years of senior management experience in international consumer goods and an extensive
NEW YORK — Coty Inc. has finalized its acquisition of the fine fragrances, salon professional, cosmetics, retail hair color, and select hair styling businesses of Procter & Gamble Co. Coty said Monday that the transaction, valued at more than $11 billion, makes it the world’s third-largest beauty care company, with annual revenue of about $9
NEW YORK — Coty Inc. is promoting executive vice president Camillo Pane to chief executive officer. Coty said Thursday that Pane is slated to take the CEO reins after the company closes its deal to acquire Procter & Gamble Co.’s specialty beauty business. The transaction, announced last July, is expected to close in October. Bart
WATERBURY, Vt. — Robert Gamgort, chief executive officer of Pinnacle Foods Inc., is leaving the company next month to join Keurig Green Mountain Inc. as CEO. Plans call for Gamgort to take the helm as CEO at Keurig on May 2. He will replace Brian Kelley, who will become vice chairman of the board. Keurig
NEW YORK — Coty Inc. has named Andraea Dawson-Shepherd as senior vice president of corporate affairs, a newly created position. The beauty care company said late Friday that in the role Dawson-Shepherd will lead Coty’s communication and corporate affairs agenda as it continues its expansion and transformation. She reports to chairman and interim chief executive officer
WATERBURY, Vt. — Keurig Green Mountain Inc. is slated to go private in a $13.9 billion buyout deal by a JAB Holding Co.-led investor group. The companies said Monday that the investor group plans to acquire Keurig Green Mountain for $92 per share in cash, which represents a premium of 77.9% over the coffee giant’s
NEW YORK — Coty Inc. has unveiled a new leadership and business structure that will go into effect after the closing of its deal to merge with a collection of Procter & Gamble Co. beauty care brands. Coty said Tuesday that its business will be organized into three units: the Coty Luxury Division, focused on
CINCINNATI — Procter & Gamble Co. has signed a definitive agreement to merge 43 of its beauty care brands with Coty Inc. The companies said Thursday that the $12.5 billion transaction includes P&G’s global salon professional hair care and color, retail hair color, cosmetics, fine fragrances, and select hairstyling businesses. With the deal, Coty
NEW YORK — A new chief executive officer will not be taking the reins at Coty Inc. next month. Coty said Tuesday that Bart Becht will remain as interim CEO of the company and continue in his role as chairman. With the move, Elio Leoni Sceti, slated to join the Coty as CEO on July
NEW YORK — Coty Inc. has named former Mars Inc. global president Paul Michaels to its board of directors. The fragrance and cosmetics company said Monday that Michaels bring extensive consumer goods experience to the board. During his time at Mars, he led efforts to bolster the company’s portfolio of businesses via brand revitalization and
