Sergio Pedreiro Joins Coty's Executive Committee
NEW YORK, Jan. 12 /CNW/ -- Coty Inc., a leader in the global beauty
industry and the world's largest fragrance company, is pleased to announce
that Sergio Pedreiro has been named chief financial officer effective
immediately. In this position, Pedreiro will oversee Coty's worldwide finance
and information management activities.
Among his key responsibilities, Pedreiro will oversee strategic
leadership for corporate finance, planning and budgeting, treasury, tax and
fiscal management, business development and acquisitions integration, and
information technologies. As a member of Coty's Executive Committee, Pedreiro
will report to Chief Executive Officer Bernd Beetz.
"A leading financial strategist, Sergio Pedreiro will play a key role in
expanding Coty in the coming years," said Beetz. "Under his leadership, I am
confident that we can and will strengthen our financial organization and
processes to grow our success. Despite challenging economies around the world,
we will strive to reinforce our leadership and to gain market share."
Pedreiro brings more than 20 years of comprehensive and global financial
expertise to Coty. Prior to Coty, Pedreiro served for seven years as the chief
financial officer of America Latina Logistica (ALL), Latin America's largest
independent logistics company with operations in Brazil, Argentina, Chile, and
Uruguay. As CFO and a result of his leadership, today ALL's business is
experiencing a period of strong consolidation and organic growth. Prior to
working at ALL, Pedreiro was an Investment Officer with GP Investment, the
leading private equity firm in Brazil.
Pedreiro holds a degree in Aeronautical Engineering, with honors, from
Instituto Tecnologico de Aeronautica in Brazil. He also earned a Masters in
Business Administration from Stanford University.
About Coty Inc.
Coty was created in Paris in 1904 by Francois Coty who is credited with
founding the modern fragrance industry.
Today, Coty Inc. is the world's largest fragrance company and a
recognized leader in global beauty with annual net sales of $4 billion. Driven
by an entrepreneurial spirit, passion, innovation, and creativity, Coty Inc.
has developed an unrivaled portfolio of notable brands and delivers its
innovative products to consumers in 90 markets worldwide.
The Coty Prestige brand portfolio is distributed in prestige and
ultra-prestige stores and includes Baby Phat, Balenciaga, Calvin Klein,
Cerruti, Chloe, Chopard, Davidoff, Home Skin Lab, Jennifer Lopez, Jette Joop,
Jil Sander, JOOP!, Karl Lagerfeld, Kenneth Cole, L.A.M.B. fragrance by Gwen
Stefani, La Voce by Renee Fleming, Lancaster, Marc Jacobs, Nautica, Nikos,
Phat Farm, Sarah Jessica Parker, Vera Wang, Vivienne Westwood, and Wolfgang
The Coty Beauty brand portfolio is more widely distributed and includes
adidas, Astor, Celine Dion, Chupa Chups, David and Victoria Beckham, Esprit,
Exclamation, Faith Hill, Halle Berry, Jovan, Kate Moss, Kylie Minogue, La
Cross, Miss Sixty, Miss Sporty, N.Y.C. New York Color, Pierre Cardin(1),
Playboy, Rimmel, Sally Hansen, Shania Twain, Stetson, Tim McGraw, and Tonino
Coty and Puig Fashion and Beauty S.A. have a strategic partnership for
the distribution of the perfume lines of Nina Ricci, Carolina Herrera, Prada,
Paco Rabanne, and Antonio Banderas in the United States and Canada.
For additional information about Coty Inc., please visit www.coty.com.
1. Not available in North America
For further information:
For further information: Susie Schoenberger, +1-202-828-8874,
email@example.com Web Site: http://www.coty.com