L'Oréal Restructures Management
On 1 May 2021, Nicolas Hieronimus will become cosmetics group L'Oréal's new CEO. Current CEO Jean-Paul Agon will continue to chair the Board of Directors.
Hieronimus joined L'Oréal 33 years ago, where he worked in a number of countries and divisions. As Deputy CEO, he has been responsible for the Group's business divisions since 2017. In this role, he has succeeded in stimulating the various divisions, especially through times of crisis, according to Agon.
According to the company, the reason for this restructuring is a corporate regulation that requires a CEO to give up the position upon reaching the age of 65. The Board of Directors accordingly decided to separate the roles of Chairman of the Board and CEO.
Barbara Lavernos Will Become the New Vice-President
Barbara Lavernos will be taking over the post of Deputy CEO from May next year. She is currently Executive Vice-President Chief Technology and Operations Officer and from February 2021 will assume responsibility for Research, Innovation and Technology. The engineer has been with L'Oréal for 29 years, where she started as a purchaser before taking on management positions at a number of facilities. Jean-Paul Agon appointed her to the board as COO in 2014.
Source, photo : L´Oréal