NYSE:COTYPersonal Products
Coty (COTY) Is Down 6.1% After Naming Markus Strobel Interim CEO And Selling Wella Stake
Coty Inc. recently announced that Procter & Gamble veteran Markus Strobel will become Interim CEO and Executive Chairman on January 1, 2026, succeeding outgoing CEO Sue Nabi and long-time Executive Chair Peter Harf after their multi-year tenures.
The leadership reshuffle comes as Coty completes the sale of its remaining Wella stake to KKR for US$750,000,000 and confronts pressure on its consumer beauty operations, prompting a broad strategic review.
We’ll now examine how Strobel’s dual role...