Coty taps Marc Rey to head Coty's Prestige market business in the U.S., Canada

NEW YORK — Coty has announced the appointment of Marc Rey as president of Coty Prestige U.S. and regional VP of Coty Prestige North America, starting Jan. 2.

Among Rey's key responsibilities will be the current U.S. Coty Prestige portfolio, Coty Prestige Canada, Philosophy and Sephora key account responsibility for the Americas. He will report to Jean Mortier, president of Coty Prestige, and will be located in New York.

"We are thrilled that Marc is joining the Coty family," stated Michele Scannavini, CEO of Coty. "Marc's deep expertise within the beauty industry; his energetic, entrepreneurial approach to the business; and his impeccable track record make us confident that he will lead our prestige business in North America to new heights."

Rey secedes Bob Cankes, who will retire in the second half of this fiscal year, after 14 years with Coty.

"Our thanks go out to Bob for his many years of contribution toward Coty's successful development in North America. He played a primary role in growing our prestige business from being a small challenger to now being a leader in the U.S. fragrance industry. We are grateful to Bob for his dedication and passion, and we wish him a well-deserved retirement after more than 40 years in the industry," Scannavini stated.

Prior to his appointment at Coty, Rey served as the president of International Designers Collections at L'Oréal USA. In this role, he oversaw the skin care, makeup and fragrance businesses for L'Oréal's designer brands, including Ralph Lauren, Giorgio Armani, Yves Saint Laurent and Viktor & Rolf. Rey began his career in 1986 as an assistant brand manager at Danone. From there, he went on to hold managerial roles at such companies as McKinsey & Co., Johnson & Johnson and YSL Beaute, among others.