WWD learned Wednesday evening that another Coty executive is out the door: Marc Rey, who joined Coty as president of Coty Prestige U.S., and regional vice president of Coty Prestige North America in January of 2013. He is currently president of Coty USA and senior vice president of North American business.
Before joining Coty, Rey had been president of the International Designers Collection at L’Oréal USA.
“We thank Marc for his valuable contributions over the past two years, which helped improve the performance of our North American business,” a Coty spokesperson said Wednesday evening. “His departure will have no impact on our ongoing successful strategy to strengthen our competitive position and ability to capitalize on revenue and profit growth opportunities. Marc will remain in his role through the end of August, and his current direct reports will now report to Jean Mortier, president of global markets, while we search for Marc’s successor.”
It’s been a time of upheaval for the beauty giant, which saw chief communications officer Catherine Walsh resign in January after 14 years with the company. Chief marketing officer Steve Mormoris has also left the company.
Earlier this month, Coty shook up the beauty world by inking a $12.5 billion deal with Procter & Gamble to acquire 43 of P&G’s beauty brands — taking Coty from a $4.5 billion business to a $10 billion business, said Bart Becht, Coty’s chairman and interim chief executive officer.