Coty Inc.’s chief legal officer and company secretary Jules Kaufman is leaving the business to pursue other interests.
Kaufman assisted Coty Inc. on its merger with the Procter & Gamble specialty beauty portfolio. He also assisted the business on its initial public offering, a handful of other acquisitions and expansion into new geographic territories.
Greerson McMullen, who is based in London, will succeed Kaufman. McMullen joins Coty from Schweitzer-Mauduit International Inc., a papers and materials engineering business. He has also worked as a general counsel to General Electric, and has 25 years of legal experience.
“On behalf of the entire company and our board, I want to thank Jules for his many contributions to Coty during his time with us,” said Coty chief executive officer Camillo Pane. “He’s been a great colleague and we wish him much success in his future endeavors. I am pleased to welcome Greer and look forward to working with him as he brings his expertise and experience to our growth agenda.”
Pane recently took over as Coty’s ceo following the company’s acquisition of 41 beauty brands from P&G, which closed earlier in October. Now that the deal has closed, Coty chairman Bart Becht said the company will focus on divesting 6 to 8 of its product portfolio, with a particular focus on some of its smaller fragrance brands.
In the P&G deal, Coty acquired fragrance licenses for Hugo Boss, Gucci, Lacoste, Bruno Banani, Escada, Mexx, James Bond, Gabriela Sabatini, Stella McCartney and Alexander McQueen, plus Wella Professionals, Sebastian Professional, Clairol Professional, Max Factor, Cover Girl and several other brands. To handle the influx, the company reorganized itself into three segments: Coty Luxury, which handles prestige fragrance and skin care; Coty Consumer, which is made up of color cosmetics, retail hair color and styling products, and Coty Professional, which serves the salon industry.