Shiseido, Limited announced a new strategy that will allow the company to realize sustainable growth.
Part of that strategy includes the company’s chief executive officer, Marc Rey, adding to his responsibilities by taking on the newly established chief officer growth role.
In addition to his current CEO responsibilities, Rey now also will oversee global M & A for the company in collaboration with its Tokyo headquarters. The Technology Acceleration Hub in Cambridge, Ma., also will report to Rey, the company said.
“There has never been a more exciting time in the beauty industry. A strong M&A strategy with continued development of new technologies is what keeps growth sustainable. Indeed, engagement and intimacy with the consumer will bring long-term value to the Group. This enhanced structure, with M & A and technology as our key enablers, will help us to more proactively seek new business partnerships, while keeping technological innovation at the core of everything we do,” Marc Rey, CEO of Shiseido Americas and Shiseido Chief Growth Officer, said. “I am honored to spearhead these important growth strategies and continue building on the momentum Uotani-san has created over the past few years, harnessing the potential of emerging technologies, business models and brands. The very definition of beauty is being reinvented, and we are thrilled to be at the forefront of these transformations, helping to define the future of beauty.”
To support Rey’s efforts in identifying opportunities for growth organically and through strategic acquisitions, the company’s current chief financial officer, Ron Gee has been named the new Global M & A for Shiseido.
“Shiseido is in the second phase of our Vision 2020 strategy, and we remain firmly committed to global growth in our portfolio through digital acceleration, new business development and new value creation through innovation, acquisitions and partnerships. During his tenure, Marc has led, with great success, acquisitions in both technology and traditional beauty which are helping to pave the way for Shiseido’s future growth toward 2020 and beyond,” Masahiko Uotani, president and CEO of Shiseido, said. “With Marc as Chief Growth Officer, we are ensuring that sustained growth remains at the forefront of our company’s strategy. With the support of a global M&A group headed by Ron, we are squarely focused on putting external growth at the core of our business strategy in the near and long term. I am confident that with this dedicated team in place, Shiseido will successfully enter the next chapter of our transformation. I’m also pleased to have Jim Mainard lead our Technology Acceleration Hub. Jim’s valuable expertise and experience will help us define how we build technology as a competitive advantage. I look forward to seeing the great impact this team has moving forward.”
Rey will continue to be the global brand holder for the NARS, Laura Mercier and bareMinerals brands.