Coty’s luxury brands president steps down

Coty’s leadership is undergoing a change.

The beauty company announced that Simona Cattaneo is stepping down from her role as president of luxury brands after five years.

“Having joined Coty in 2016 as chief marketing officer, it has been a fantastic experience to work with so many inspirational people as I have progressed through the organization. Coty is fortunate to have passionate and dedicated staff throughout business and strong relationships with our licensors. As I move on from Coty to pursue other interests, I’m delighted to see the business positioned for future success,” Cattaneo said.

Cattaneo will remain with the company until summer 2021, and her successor to be announced at a later date, the company said.

“I want to sincerely thank Simona for her leadership, commitment and passion over the last five years. She played a key role in building our prestige brands portfolio — expanding our presence in the make-up space, and strengthening our relationships with Coty’s licensors, as well as successfully integrating Kim and Kylie’s beauty businesses into our portfolio,” Sue Y. Nabi, CEO of Coty said. “Simona has helped lay the foundations for Coty’s long-term success and we wish her the very best in the next chapter of her career.”