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Coty CFO departs

Coty, the parent company of such brands as Rimmel, Wella, and Sally Hansen, has announced that its executive vice president and global chief financial officer, Patrice de Talhouët, would be resigning from the company to pursue other opportunities.

“Patrice has made a significant contribution to Coty during his time as CFO and has been a valuable partner to me for almost two years,” Camillo Pane, CEO of Coty, said. “I am thankful for his valued service and personal commitment. His leadership was especially important during Coty’s integration of the P&G Specialty Beauty Business, which is now largely complete. We will work together through a transition period as we commence our executive search for his successor.”

Talhouët will remain CFO through mid-September and assist with the transition. The company also will be retaining an executive search firm to conduct a search for a successor.

“Patrice has been an important part of this organization since joining the company shortly after our initial public offering,” Bart Becht, chairman of the Coty board of directors, said. “Not only was Patrice a major driver in transitioning Coty to a publicly traded company, but his dynamic leadership also played a vital role in completing the P&G Specialty Beauty acquisition, which marked a strategic transformation for Coty. I am appreciative for Patrice’s many contributions to the company and wish him well in his future endeavors.”

The company’s current senior vice president, group controller, Ayesha Zafar, will serve as the interim CFO. She has been responsible for the accounting operation and financial reporting for the brand for over two years. Her previous experience spans across several multinational consumer goods and pharmaceuticals companies including Hertz, Bristol-Myers Squibb, Campbell Soup, PepsiCo and Colgate-Palmolive.
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