PARIS — Speculation is rife here that Lindsay Owen-Jones will step down from his role as L’Oréal chairman on March 17 — his 65th birthday — and pass the reins to Jean-Paul Agon, the company’s chief executive officer. A L’Oréal spokeswoman had no comment on Sunday.
It was reported by Le Journal du Dimanche newspaper that the changeover will be approved during a L’Oréal board meeting due to be held on Thursday, the same day the company publishes its annual results. The executive change would come earlier than expected; in April 2010, Owen-Jones’ tenure as chairman had been renewed until 2014. After March 17, it is believed Owen-Jones will be L’Oréal’s honorary chairman.
Agon became ceo in April 2006. Prior to that, Owen-Jones had held the position of L’Oréal chairman and ceo for 18 years.