Movers and shakers in the cosmetics and personal care industry

By Pooja Kondhia

- Last updated on GMT

An overview of the most recent executive changes seen across the industry affecting the big finished goods players Coty, Beiersdorf and Estée Lauder.

Most recently, beauty firm Coty announced the appointment of Bart Becht, previous CEO of Reckitt Benckiser as non-executive chairman of its board of directors.

Becht stepped down as CEO of Reckitt Benckiser in August this year replacing Peter Harf, who served as Coty’s chairman since 2001.

He will continue to serve a director of the company and head its Compensation Committee. “[Becht’s] longstanding experience at the head of a global consumer goods company will be an invaluable asset for Coty, as we continue to grow and thrive​.”

Beiersdorf re-management

A major move came in the form of Beiersdorf’s announcement of its new CEO Stefan Heidenreich who is scheduled to take up a position on the executive board next year in January 2012 and as CEO in April 2012.

Currently the CEO of Swiss food firm Hero since 2002, he has extensive experience working in the personal care sector, including stints with Procter & Gamble and Unilever and will step down December 31st 2011.

Heidenreich takes over from Thomas-B. Quaas, who has held the position of Beiersdorf CEO since 2005, and consequently will be elected to the Supervisory Board.

Estée Lauder gains and losses

Earlier this year, Estée Lauder announced the retirement of its CFO Richard Kunes effective June 30th 2013.

An overlap between Kune’s departure and the arrival of his replacement to ensure a smooth transition before he retires will take place according to the company.

In addition, Estée Lauder’s global research and development department saw the appointment of Carl Haney as the executive vice president, which will be effective January 1st 2012.

Reporting to CEO Fabrizio Freda, he will join company following a career of more than 20 years at P&G and most recently, as vice president R&D male grooming.

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