Unilever’s Laurent Kleitman has been tapped to take over Coty Inc.’s Consumer Beauty division as current president Esi Eggleston Bracey steps down.
Kleitman is currently executive vice president of global hair care at Unilever, and will report directly to Coty chief executive officer Camillo Pane in the new role. He has held the Unilever hair-care role since 2015, following his time as ceo of Unilever Russia, Ukraine and Belarus. Before that, he spent three years heading LVMH in Russia, including the perfumes and cosmetics business, where he jump-started growth after the 2008 financial crisis. Kleitman started his career at Unilever in marketing. He starts at Coty on May 15, and will be based in the company’s New York Consumer Beauty headquarters.
Bracey is stepping down for personal reasons, according to a company statement, and will remain with the company through the end of March. In the interim period, Pane will directly oversee the Consumer Beauty division.
“I am delighted to welcome Laurent to Coty,” Pane said. “Laurent brings 29 years of international consumer goods experience, plus broad commercial and operational leadership in running a multibillion-dollar international division in the consumer beauty sector. He has a strong track record for commercial growth in a consumer environment. Laurent has lived and worked in many countries around the world, and has an outlook and an attitude that are well aligned to Coty’s new ambition and culture.”
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“My thanks, and those of our board and executive committee members, go to Esi for her passion and commitment to the company during the merger process and since joining us in October 2016. We wish Esi great success in her next steps,” Pane said.
Coty reorganized into three business segments — Consumer Beauty, Professional Beauty and Luxury — following the company’s $11.6 billion acquisition of 41 beauty brands from Procter & Gamble (Bracey was formerly at P&G as senior vice president and general manager of global cosmetics). The Consumer Beauty division that Kleitman will oversee is made up of color cosmetics, retail hair coloring and styling products, plus mass-market fragrance and body care.