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Liliane Bettencourt has stepped down from the board of directors of L’Oréal. Her seat will be taken by Jean-Victor Meyers, her 25-year-old grandson. The Bettencourt family is the single- largest shareholder in L’Oréal, with a 31 percent stake…. Simon Cowell has been named chief executive officer of Bare Escentuals, replacing Myles McCormick, who has left the company…. Jean-Guillaume Trottier has been named global general manager for Jo Malone London. He will report to Maureen Case, president of specialty brands at the Estée Lauder Cos….Dana Wood has been named beauty director of Brides Magazine.