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Bart Becht

Coty announces new CEO and board changes

Coty announces new CEO and board changes

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.

Keurig, Dr Pepper Snapple Group to merge

Keurig, Dr Pepper Snapple Group to merge

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

Anheuser-Busch InBev exec joins Coty board

Anheuser-Busch InBev exec joins Coty board

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

Coty closes merger with P&G specialty beauty

Coty closes merger with P&G specialty beauty

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

Pinnacle Foods CEO to become Keurig’s chief exec

Pinnacle Foods CEO to become Keurig’s chief exec

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

Coty creates corporate affairs post

Coty creates corporate affairs post

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

Keurig Green Mountain to go private in buyout

Keurig Green Mountain to go private in buyout

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

Coty reorganizes for addition of P&G beauty businesses

Coty reorganizes for addition of P&G beauty businesses

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

P&G to merge 43 beauty brands with Coty

P&G to merge 43 beauty brands with Coty

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

Former Mars president joins Coty’s board

Former Mars president joins Coty’s board

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