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Coty’s Ralph Macchio to Retire

The executive is set to retire after helping with integration of P&G beauty brands.

Coty Inc.’s chief scientific officer and senior vice president of global research and development Ralph Macchio will retire after 25 years with the beauty company on June 30. A successor will be named shortly. In the interim, the research and development team will report to Camillo Pane, Coty’s chief executive officer.

Macchio’s retirement has been in the pipeline for a couple of years, but the executive agreed to postpone the move until the integration of the beauty brands acquired from Procter & Gamble was well advanced.

Ralph Macchio to Retire From Coty
Ralph Macchio

“Ralph has been an amazing R&D leader in the beauty industry and retires after a truly distinguished career. He has developed many iconic products over the years, pioneered radical and breakthrough technologies and authored numerous patents,” said Pane in a statement.” Among those he pinpointed include Sally Hansen Miracle Gel, one of the biggest nail successes in beauty and the Rimmel Lash Accelerator Mascara.

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Macchio showed off the technology put in place at Coty’s 115,000-square-foot research facility in New Jersey during a tour in 2014. “What we’ve found in this new center is that with everyone under one roof, we really see it stimulates creativity. This leads to more innovation,” Macchio told WWD during a visit to the site.

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Another goal of the facility, which was designed by the Coty team from the blueprint stage, was to “break down the barriers” between product categories and capitalize on synergies in beauty such as lip, nail and face and skin care by merging the work areas. Research, he explained, is paramount with today’s well-informed consumers who want to see product claims supported.

In addition to feedback on the quality of nail products from women who come in for testing, Macchio demonstrated a machine that simulates excessive wear and tear on nail color samples. The Coty Testing Institute is also the site for consumer testing of other Coty products, including skin care and hair removal. Coty has assembled a list of more than 3,000 people who participate in the studies.