By  on January 23, 2008

PARIS — Changes are afoot in the upper echelons of L'Oréal. Patrick Rabain, executive vice president of the company's consumer products division, will retire at the end of February, the French beauty giant announced Monday.

"Patrick Rabain is clearly one of the major figures in the history of L'Oréal," said Jean-Paul Agon, the firm's chief executive officer, in a statement. "Working closely from his early days with Lindsay Owen-Jones, he has played a leading role in our company's development throughout a career entirely devoted to consumer products, driving its growth tremendously by maximizing the power of its major brands and successfully rolling them out on all continents."

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