Coty’s Macchio set to retire after 25 years

NEW YORK — The mind behind Sally Hansen Miracle Gel and various other Coty products is retiring. Coty on Wednesday announced the departure of chief scientific officer Ralph Macchio, who has been with the company for 25 years and is set to depart on June 30.

Ralph has been an amazing R&D leader in the beauty industry and retires after a truly distinguished career,” Coty CEO Camillo Pane said. “He has developed many iconic products over the years, pioneered radical and breakthrough technologies and authored numerous patents. These include our highly successful Sally Hansen Miracle Gel, one of the biggest nail successes in beauty, having won 34 awards, and Rimmel Lash Accelerator Mascara, proven to help grow lashes, to name just two.”

Coty said that Macchio’s retirement had been planned for a couple years, but that he had agreed to postpone it until after the company’s merger and integration with Procter and Gamble’s beauty business. After his departure, the research and development department team will report to Pane.

“My many thanks, and those of our Board and Executive Committee members, and all his colleagues at Coty go to Ralph for his leadership, commitment, drive and passion for our business, and for the expertise he has brought. We wish him a great retirement,” Pane said.