New York, USA — Coty Inc. has announced the appointment of Markus Strobel as Interim Chief Executive Officer and Executive Chair, marking a key leadership transition as the global beauty company undertakes a strategic overhaul to address market challenges and declining sales.
Strobel, a veteran executive with decades of experience at Procter & Gamble, succeeds Sue Nabi, who played a pivotal role in reshaping Coty’s brand strategy and sustainability initiatives since joining the company in 2020. The leadership change reflects the board’s focus on strengthening operational execution, improving financial performance, and restoring investor confidence.
With extensive expertise in global brand management and operational efficiency, Strobel brings deep institutional knowledge, having previously served on Coty’s board. His dual role as interim CEO and executive chair is expected to ensure continuity and decisive leadership during this transitional period.
Under Strobel’s interim leadership, Coty will prioritize operational efficiency, portfolio optimization, and reinforcement of its core markets while continuing to adapt to evolving consumer trends in the global beauty industry.
The company has not announced a timeline for appointing a permanent CEO. In the interim, Coty aims to stabilize performance and position itself for sustainable long-term growth.
