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Barbara Menarguez Named Chanel Beauty Chief in U.S.

As a 19-year veteran, she has served during the last eight as chief financial officer.

Chanel has a new beauty chief in the U.S.

Barbara Menarguez has been named executive vice president of fragrance and beauty for the New York-based Chanel Inc., succeeding Julien Gommichon, who left in December after 14 years with the brand.

Menarguez’s appointment will take effect Feb.1.

She has been with Chanel for 19 years. Her last position was senior vice president and chief financial officer of the New York-based division. Menarguez held that job for eight years. She has been familiar with Chanel since the beginning of her career, when she started at Deloitte & Touche, with Chanel as an audit client.

She joined the fashion and beauty house in 1998 on the finance team, and steadily gained responsibility over the years. As cfo, her most recent post, she managed the tax, treasury, accounts payable, payroll, accounting, customer management and financial planning departments.

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John Galantic, president and chief operating officer of Chanel Inc., said of Menarguez, “Barbara is appreciated throughout the organization for her genuine and trusted leadership, her deep understanding of the house and her ability to balance short-term financial considerations with what is right for our brand and business in the long-term. She is known for encouraging teams to take calculated risks and make smart choices.”

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He added that Menarguez led the strategic planning and coordination of a number of initiatives that impacted distribution, sales and brand image.

“I have appreciated working with the F&B [fashion and beauty] team on many strategic initiatives, and I’m looking forward to gaining a more intimate knowledge of our client and how we can continue to meet her needs and make her dream,” Menarguez said.

As for her predecessor, Gommichon had held the fragrance and beauty post since November 2013, when his predecessor, Christine Dagousset, returned to Paris as global deputy general manager, until transitioning to global president of fragrance and beauty in 2015.