By  on May 14, 2013

Coty Inc. has a new board member as it prepares to go public as former chief executive officer Bernd Beetz is exiting the firm.

The beauty firm said that Olivier Goudet has joined the board, succeeding Beetz, who stepped down to pursue other interests. Goudet is partner and ceo of Joh. A. Benckiser Group. JAB is Coty’s majority shareholder.

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