Perfume maker Coty names Camillo Pane as CEO
today Jul 21, 2016
Perfume maker Coty Inc said on Thursday Camillo Pane would take over as chief executive in October, following the scheduled closing of its acquisition of Procter & Gamble Co's beauty business.
Bart Becht, the current interim CEO and chairman, will continue to serve as chairman, the company said.
Pane spent 20 years at Reckitt Benckiser Plc prior to joining Coty, where he is currently executive vice president of the company's category development.
Coty last year bought P&G's beauty business, which includes brands such as Clairol and Wella, in a $12.5 billion deal.
The company said Pane would focus on revenue growth while Becht would focus on the integration process related to the merger.
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