Coty Inc. has named Camillo Pane chief executive officer.
Pane is currently executive vice president of Coty’s category development, and is a member of the Coty executive committee. He is expected to start his new position in October, following the closing of the merger of P&G Specialty Beauty into Coty.
Bart Becht, interim ceo and chairman of Coty, will continue as the company’s chairman.
Becht said of Pane, “He has an excellent track record of accelerating growth, improving business performance and strengthening capabilities to create a best-in-class organization. At Coty, he has already shown himself to be a very strong leader with an intense drive and passion to make Coty the new global challenger in beauty for the benefit of both consumers and shareholders alike.”
The company said it will steadily transition between the current and new ceo, with Becht focusing on the integration of the merger and Pane focusing on leading the revenue growth agenda.
Pane joined Coty in July 2015 and has extensive experience in integration of acquisitions across a range of geographies. Before joining Coty, he spent 20 years with Reckitt Benckiser plc.
Pane said of his appointment, “The new Coty will have a strong portfolio of consumer-love beauty brands with excellent potential and a highly experience management team.”
The company said Pane’s successor as executive vice president of category development “will be announced in due course.”