VIENNA — Fabio Franchina has been elected The European Cosmetic Toiletry and Perfumery Association’s new president for a two-year term.

This story first appeared in the June 15, 2010 issue of WWD. Subscribe Today.

The association voted unanimously on Friday at its annual general meeting in favor of Franchina — the first Italian entrepreneur of a cosmetics company to be named president in Colipa’s history since it was established in 1962. He replaces former Colipa president Françoise Montenay.

Franchina, who graduated in economics from Milan’s Bocconi University, is also chief executive officer of Italian hair firm Framesi SpA and has been president of Unipro, the Italian association of cosmetics companies, since 2005. He was reelected for his third consecutive year in June 2009.

“Aside from the personal satisfaction, I consider this an important success for the Italian cosmetics industry, which, for some time, has had a significant presence within the European organization,” said Franchina, who outlined his objectives by saying a human touch is central to the association’s strategy and activities.

In other appointments, Marival Diez, director general of Stanpa, the Spanish association of cosmetics companies, was elected vice president, together with Gerd Ries of Johnson & Johnson, who will continue as vice president, for a second term. L’Oréal executive Loic Armand has been elected vice president treasurer.

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