Puig splits Chairman and CEO roles in leadership shift

Puig has appointed Jose Manuel Albesa as its new Chief Executive Officer, formally separating the roles of Chairman and CEO. Marc Puig, who previously held both positions, will continue as Executive Chairman.

The change represents a shift in the company’s governance structure, aligning it more closely with widely recognised best practices for listed companies and strengthening leadership oversight.

As part of this, Marc will focus on strategic direction, including mergers and acquisitions, while remaining involved in key appointments and preserving the company’s family culture and values.

Albesa, currently Deputy CEO and President of Beauty & Fashion, will take full responsibility for global operations and overall business performance.

Albesa joined Puig in 1998 and has held senior leadership positions spanning brand development, marketing and operations. He has also played a key role in the strategic development and international expansion of the company’s fragrance and fashion portfolio.

The appointment follows a formal succession process led by Puig’s Board of Directors, initiated over a year ago. The process included internal and external candidate evaluations.

Marc Puig, Executive Chairman of Puig, said: "This is an exciting time in Puig’s evolution, building on very strong foundations and growth to set the platform for the next stage of our development.

"With this important announcement, the Board of Puig opens a new chapter in the company’s governance. The separation of the roles of Executive Chairman and Chief Executive Officer is fully aligned with the highest standards of best practice for listed companies.

"I remain fully committed to Puig as Executive Chairman and I am looking forward to continuing working with Jose Manuel in this new chapter of our company’s history."

Jose Manuel Albesa, CEO of Puig, added: "Becoming Chief Executive Officer of Puig is both a privilege and a responsibility, and I am extremely grateful for the trust the Puig family and the Puig Board of Directors have placed in me for this next chapter.

"I believe there is still significant potential ahead. This next phase is about renewing our energy, sharpening our focus and building on what makes Puig distinctive and I look forward to continuing this journey together with Marc Puig and all of our teams."

Separately, Puig announced the appointment of Miquel Angel Serra as Chief Financial Officer, succeeding Joan Albiol, who has held the role since 2009.

Serra previously served as Vice President of Corporate Controlling & Investor Relations and brings experience in finance, performance management and capital markets.

Puig is expected to provide further details on its strategy and long-term priorities on 14 April 2026.