After 12 years at Procter & Gamble Co., Donald J. Loftus will retire on April 1 and he will be succeeded by Dennis Curran as president and chief executive officer of P&G Prestige, North America.
Loftus, 58, has amassed a career spanning 37 years, beginning in Cleveland in 1976, as a retailer with Halle’s and May Co., where he rose to divisional vice president of cosmetics and accessories. That led to a 12-year chapter in brand building. He gingerly stepped through a series of sales, marketing and top management jobs, including Yves Saint Laurent Beauté, a brief spell at the U.S. affiliate of Versace Profumi, then president and ceo of the U.S. affiliate of Sanofi Beauté and a similar position of leadership in 2001 at Escada Beauté Ltd., which was acquired by Wella and later reorganized into Cosmopolitan Cosmetics. Loftus was the president and ceo of Cosmopolitan’s U.S. unit, when the parent Wella was acquired by P&G in 2003.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"