Wednesday, 14 Oct 2020 07:10 AM MYT
According to a report, L'Oreal is set to name deputy Chief Executive Officer Nicolas Hieronimus as its new chief. — Reuters pic PARIS, Oct 14 ― French cosmetics company L'Oreal is set to name deputy Chief Executive Officer Nicolas Hieronimus as its new chief, replacing long-time boss Jean-Paul Agon, French newspaperThe appointment will be decided at a board meeting this afternoon at the company's headquarters in Clichy, France,Hieronimus, 56, who has spent his entire career at the maker of Garnier shampoo and Lancome creams, has been widely expected to take over as chief after being groomed as Agon's...
The Frenchman, who joined L'Oreal in 1987 as a product manager, has worked his way up through various divisions, including professional products and luxury units.Agon, who is only L'Oreal's fifth CEO in its 113-year history, has been CEO since 2006 and announced earlier this year that he would be stepping down in 2021 when he turns 65 and his mandate expires.L'Oreal said it does not respond to rumours.
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