L'Oreal: Nicolas Hieronimus to Succeed Jean-Paul Agon as CEO
14 Ottobre 2020 - 6:50PM
Dow Jones News
By Giulia Petroni
L'Oreal SA said Wednesday that Nicolas Hieronimus would succeed
Jean-Paul Agon as chief executive effective May 1, 2021.
"As the company's articles of association do not provide for any
exception to the legal retirement age of 65 years, Jean-Paul Agon
must hand over his duties as chief executive officer before July
2021," it said.
The French cosmetics and consumer-products company said the
board plans to renew Mr. Agon's mandate as chairman, a position
he's held since 2011.
It added that it would appoint Barbara Lavernos, who will lead
research, innovation, technology from February 2021, as deputy CEO
on May 1, 2021.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
October 14, 2020 12:35 ET (16:35 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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