L'Oreal : names new CFO and head of luxury cosmetics division
November 19, 2018 at 01:31 pm EST
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PARIS (Reuters) - French cosmetics firm L'Oreal on Monday said Chief Financial Officer Christian Mulliez was set to leave the firm next year for personal reasons and would be replaced by Christophe Babule, another company veteran.
Babule, who has been at the Maybelline owner since 1988 and most recently worked as the financial director for Asia Pacific, will take on operational responsibilities in February, L'Oreal said. Mulliez will leave L'Oreal at the end of April.
The company also named Cyril Chapuy as the head of its luxury division, which has spurred revenue growth in recent quarters. He takes over from Nicolas Hieronimus, seen as a potential successor to Chairman and CEO Jean-Paul Agon, and who was named deputy CEO in 2017.
(This story has been refiled to fix spelling of Chapuy in paragraph 3)
(Reporting by Sarah White, Editing by John Irish and David Evans)
L'Oréal is the world leading cosmetic group. The group offers skincare products (39.9% of sales), makeup products (19.7%), haircare products (15.4%), fragrances (12.6%), hair colouring products (8.3%) and other (4,1%). Net sales break down by family of products as follows:
- consumer cosmetics (36.9%): L'Oréal Paris, Garnier, Maybelline New York, NYX Professional Makeup, Essie Niely, Dark and Lovely, Mixa, MG and Carol's Daughter brands;
- luxury cosmetics (36.2%): Lancôme, Kiehl's, Giorgio Armani Beauty, Yves Saint Laurent Beauté, Biotherm, Helena Rubinstein, Shu Uemura, IT Cosmetics, Urban Decay, Ralph Lauren, Mugler, Viktor&Rolf, Valentino, Azzaro, Prada, Takami, A?sop, etc.;
- active cosmetics (15,6%): La Roche-Posay, Vichy, CeraVe, SkinCeuticals, Skinbetter Science, etc.;
- professional products (11,3%): L'Oréal Professionnel, Kérastase, Redken, Matrix and PureOlogy brands.
Products are marketed through mass distribution and distance selling, selective distribution, hair salons and pharmacies.
At the end of 2023, L'Oréal has 37 production sites worldwide.
Net sales are distributed geographically as follows: Europe (31.6%), North America (27%), North Asia (25.9%), Asia/Pacific/Middle East/Africa (8.4%) and Latin America (7.1%).
L'ORÉAL 
