Bart Becht, a former chief executive officer of the UK-based Reckitt Benckiser plc, has joined Coty Inc. as non-executive chairman of its board. He succeeds Peter Harf, a former ceo of Coty who has served as chairman since 2001. Harf will remain as a director and chairman of the board’s compensation committee, according to Coty. In the past, Harf has indicated that he will spend more time developing the Coty-sponsored DKMS foundation, an organization that recruits bone marrow donors for needy cancer patients.
In 1995, Becht became ceo of the privately held Benckiser Detergents, which morphed into Benckiser N.V. following an IPO and listing on the Amsterdam and New York Stock Exchanges in 1997. After Benckiser N.V. merged with Reckitt & Coleman plc in 1999, Becht was named ceo of the merged company, which grew from $7 billion in market capitalization to almost $40 billion.