PARIS — L’Oréal has appointed a new member of its executive committee, reflecting the growing importance of China for the group.
Stéphane Rinderknech, chief executive officer of L’Oréal China, joins the committee on March 1, L’Oréal said on Monday.
“China’s strong growth rate, its digital modernity and e-commerce, the transformation of its channels, its technological progress, its reservoir of talents and the rapid evolution of its consumers play a major role in the group’s strategy, its development and future,” the company said in a statement. “The participation of L’Oréal China in the executive committee will amplify the speed of reaction of the group to meet these challenges.”
Rinderknech has been ceo of L’Oréal China since 2016. Prior to that, he headed up L’Oréal China’s Consumer Products Division and L’Oréal China’s Luxury Division. Before becoming general manager of luxury in South Korea, he was made general manager of Lancôme in Japan, in 2005. The executive became part of L’Oréal’s travel-retail business in the U.S. in 2001.