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Coty Appoints M&A Veteran to Board of Directors

Coty has appointed Sabine Chalmers, who has overseen M&A deals for Anheuser-Busch.

Coty Inc. has appointed Sabine Chalmers to its board.

Chalmers will also serve on Coty’s audit and finance committees. Since 2005, she has served as chief legal and corporate affairs officer, company secretary and a member of the executive board of management of Anheuser-Busch InBev, leading global legal, regulatory, communications and corporate social responsibility operations. Chalmers held the role while Anheuser-Busch was in acquisition mode, and she was involved with multiple cross-border M&A transactions.

“Her international experience as a senior leader in the global consumer goods industry will be a valuable addition to the broad range of experience already on our board,” said Bart Becht, chairman of Coty.

Before her tenure at Anheuser-Busch, Chalmers was with Diageo plc as general counsel of the U.S., international markets and Latin American businesses. Her international experience spans India, the Philippines, the U.K., Belgium and the U.S.

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She joins Coty as the company works to integrate and handful of recent acquisitions. In October, Coty closed an $11.6 billion deal for 41 beauty brands from Procter & Gamble, adding Cover Girl, Wella, Hugo Boss and Gucci fragrances and other brands to its portfolio. When that deal closed, Coty reorganized into three segments — Consumer Beauty, Luxury Beauty and Professional Beauty to handle the influx of brands. Since then, the business has acquired hair company GHD, and signed a deal to license the Burberry beauty business (after hiring Simona Cattaneo, Burberry’s former senior vice president of beauty, in 2016). Coty also bought a majority stake in social selling beauty company Younique. Before the P&G deal, Coty acquired digital agency Beamly and Brazilian business Hypermarcas.

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Coty recently sold the Jennifer Lopez fragrance license to Designer Parfums. Becht and Coty chief executive officer Camillo Pane have previously said the business plans to divest certain brands and is aiming to sell off between 6 percent and 8 percent of overall revenues.