Saujet Says He Isn’t Leaving Sanofi

NEW YORK -- Claude Saujet, chairman of Sanofi Beaute, said Thursday that rumors he is about to leave the company are "absolutely false."

Reports concerning Saujet's status at Sanofi have been circulating throughout the cosmetics industry for several weeks.

Saujet, who was reached at his Paris office, oversees the cosmetics and fragrance division of Elf-Sanofi SA..

Saujet became Sanofi's chairman in July 1991.