Coty's interim CEO Bart Becht to remain on board

Bart Becht, interim CEO of Coty

NEW YORK — Beauty brand Coty has announced that Bart Becht will remain interim CEO of Coty, and will also continue in his role as chairman.



Elio Leoni Sceti, who was planned to assume the role of CEO in July, has reconsidered and decided not to join Coty, the company stated.



“After further discussion, the Coty board of directors determined that leadership continuity is critical in ensuring the continued success of Coty’s strategy implementation. We certainly understand Elio’s decision not to join Coty as planned, thank him for his professionalism throughout this process and we wish him all the best in his future endeavors,” stated Peter Harf, director and chairman of the Remuneration and Nomination Committee of Coty.



Becht was appointed interim CEO in September 2014, following the departure of former CEO Michele Scannavini for personal reasons.



Before joining Coty, Becht served as CEO of Reckitt Benckiser from 1995 to 2011. Becht also held a variety of marketing, sales and finance positions at Procter & Gamble.