Coty appoints new board member

Coty, the owner of Rimmel and Max Factor, has appointed Lubomira Rochet to its Board of Directors.

Rochet is currently a Partner at JAB Holding Company and has over twenty years of experience in business and digital transformation. She previously served as Chief Digital Officer and member of the Executive Committee at L’Oréal from 2014 to 2021, working to transform the cosmetics company into a “digital-first” business.

Before joining L’Oréal, Rochet also served in management positions at CapGemini and Microsoft. In 2010, she became Deputy CEO of Valtech, where she worked across a variety of sectors, such as luxury, fashion and FMCG, to accelerate its digital, data and tech transformation.

Sue Y. Nabi, CEO of Coty, said: “We are delighted to welcome Lubomira to our Board of Directors. Her deep industry experience and extensive track record of driving digital transformation will be an invaluable asset as we enhance our omnichannel approach.

"I look forward to working closely with Lubomira in the future and to harnessing her valuable perspective and insights on the future of digital integration for the industry and our business.”

The appointment increases female representation on Coty’s board to 50% and the total number of directors to twelve.