Rey Succeeds Bob Cankes as Head of Coty's Prestige Market Business in the U.S. and Canada
NEW YORK, Nov. 27, 2012 /CNW/ - Coty Inc., a new emerging leader in beauty, announced today the appointment of Marc Rey as president, Coty Prestige U.S., and regional vice president, Coty Prestige, North America, starting Jan. 2, 2013.
Among Rey's key responsibilities will be the current U.S. Coty Prestige portfolio, Coty Prestige Canada, philosophy and Sephora key account responsibility for the Americas. He will report to Jean Mortier, president, Coty Prestige, and be located in New York.
"We are thrilled that Marc is joining the Coty family," said Michele Scannavini, CEO, Coty Inc. "Marc's deep expertise within the beauty industry, his energetic, entrepreneurial approach to the business and his impeccable track record make us confident that he will lead our prestige business in North America to new heights."
Rey replaces Bob Cankes, who will retire in the second half of this fiscal year, after 14 years with Coty and a decorated career within the beauty industry.
"Our thanks go out to Bob for his many years of contribution toward Coty's successful development in North America. He played a primary role in growing our prestige business from being a small challenger to now being a leader in the U.S. fragrance industry. We are grateful to Bob for his dedication and passion and we wish him a well-deserved retirement after more than 40 years in the industry," said Scannavini.
Prior to his appointment at Coty, Rey served as the president of International Designers Collections at L'Oreal USA. In this role, he oversaw the skin care, makeup and fragrance businesses for L'Oreal's designer brands, including Ralph Lauren, Giorgio Armani, Yves Saint Laurent and Viktor & Rolf. Rey began his career in 1986 as an assistant brand manager at Danone. From there, he went on to hold managerial roles at such companies as McKinsey & Company, Johnson & Johnson and YSL Beaute, among others.
Rey holds degrees from Ecole Superieure de Commerce de Paris (ESCP) and INSEAD.
About Coty Inc.
Coty is a new emerging leader in beauty with net revenues of $4.6 billion for the fiscal year ended June 30, 2012. Founded in Paris in 1904, Coty is a pure play beauty company with a portfolio of well-known fragrances, color cosmetics and skin & body care products sold in over 130 countries and territories. Coty's product offerings include such global brands as adidas, Calvin Klein, Chloe, Davidoff, Marc Jacobs, OPI, philosophy, Playboy, Rimmel and Sally Hansen.
For additional information about Coty Inc., please visit www.coty.com.
SOURCE: Coty Inc.
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