Coty Inc. announced a sweeping leadership restructuring in early July, with three senior executives departing the company as part of a broader effort to simplify operations and accelerate the turnaround of its prestige beauty division. The departures include Caroline Andreotti, chief commercial officer of prestige, who leaves at the end of September after three years in the role.
Coty’s stock has been under pressure as investors wait for the company’s turnaround to translate into sustained organic growth. The leadership overhaul, while disruptive in the short term, signals that Strobel is willing to make the structural changes he believes are necessary to compete in a beauty market that rewards speed and focus.
Coty’s prestige division, which houses licenses for Burberry, Gucci, and Chloé fragrances as well as the Kylie Skin and Lancaster skincare brands, has been the company’s primary growth engine in recent years. But the division’s momentum has slowed amid a global fragrance market that, while still expanding, has become intensely competitive at the luxury end. The restructuring appears designed to defend Coty’s share of that segment.
The restructuring brings the prestige division’s commercial functions under the direct oversight of executive chairman and interim CEO Markus Strobel, signaling a more centralized decision-making structure. Strobel, who took the helm in January 2026 following Sue Nabi’s departure, has moved quickly to reshape Coty’s leadership team around a leaner operating model that he believes will react faster to market shifts.
The leadership changes come alongside a broader realignment of the company’s research and development and sustainability functions. Shimei Fan, who oversaw innovation and sustainability for prestige, departs at the end of August. Coty has indicated that innovation, sustainability, and supply chain will now be managed as an integrated function under a single leader—a structural shift that mirrors similar moves at L’Oréal and Estée Lauder.
