An era is ending at Chanel: after nearly three decades of helming the iconic brand’s makeup creation division together, Dominique Moncourtois and Heidi Morawetz will retire on Jan. 1. They will be succeeded by Peter Philips.

“This is an historic moment for us,” said Maureen Chiquet, global chief executive officer of Chanel, in an exclusive interview Wednesday afternoon. “We feel very passionately about creativity at Chanel, and we give our creative people the reins, so choosing a new creative person is not taken lightly for us. We’ve had the most dynamic duo in makeup working for us for the past 30 years, and we’ve benefited greatly from their creativity and expertise. And now they’re passing the baton to a new generation.”

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