People on the Move: the latest cosmetic industry appointments
Chanel re-shuffle
At Chanel, Christine Dagousset has been named global fragrance and beauté president. She replaces Andrea d’Avack, who will relocate from Paris to New York in 2015 to help define and develop the Chanel strategy for social responsibility and sustainable development.
According to reports, Dagousset will return to Paris by January 2014 as global deputy general manager for fragrance and beauté, working with d’Avack in a transition phase and will be named global president, fragrance and beauté, with strategic authority for the division in 2015.
A change up at Ulta Beauty
Meanwhile; over US beauty chain Ulta, CEO Chuck Rubin, President and Chief Executive Officer has made the decision to resign whilst Scott Settersten has joined as Chief Financial Officer and Assistant Secretary.
Settersten has been Acting Chief Financial Officer and Assistant Secretary since October 2012 and previously served as Vice President of Accounting since 2010 whereby he was responsible for accounting, tax and external reporting. In that role, he also oversaw investor relations and worked closely with the Audit Committee and Board of Directors.
Stila and Jane Cosmetics appoints Lynn Tilton as CEO
Elsewhere, Patriach Partners, which holds controlling stakes in Stila Cosmetics and Jane Cosmetics, has appointed the investment company's founder Lynn Tilton to head up the two businesses.
Tilton will assume the position of CEO for the two portfolio investment cosmetic businesses, having acquired Stila Cosmetics in April 2009 and Jane Cosmetics September 2009, since when significant investment by Patriach has enabled both businesses grow their footprints significantly.
In her new position, Tilton will oversee all aspects of the daily running of the business for both brands, including sales, operations, finance, marketing, product development and packaging.
And finally Germany-based aerosol products manufacturer Lindal Group recently announced that Manfred Schnor has joined as chief financial officer. In this role, Schnor will have overall responsibilities for the financial activities of the Group, including balance sheet operations, internal and external financial reporting, cash management and external financing, controlling and IT.
“Manfred’s comprehensive and impressive professional experience in all financial areas, in banking as well as corporate finance, make him the ideal choice as we continue the worldwide growth of our organization,” says Francois-Xavier Gilbert, Chief Executive Officer, Lindal Group.
