L’Oreal announces appointments, new Deputy CEO in Charge of Divisions – China

L’Oreal announced a number of moves within its Executive Committee due to take place in Q1 2024, in addition to the creation of the new role of Deputy CEO in Charge of Divisions – L’Oreal China. Fabrice Megarbane will be appointed Chief Global Growth Officer, he will succeed Frederic Roze, who has announced his intention to retire at the beginning of next year, after 38 years with the company. As Chief Global Growth Officer, Megarbane will be in charge of accelerating growth, leading transformation projects and animating the Group’s Zones. Megarbane will retain his current responsibilities until the end of January 2024. Vincent Boinay will be appointed President of the North Asia Zone and Chief Executive Officer of L’Oreal China. He will succeed Fabrice Megarbane, following his appointment as Chief Global Growth Officer. Boinay will move to Shanghai in the near future and will fully assume his new responsibilities at the beginning of February 2024. In light of the increased complexity of the Chinese market, Laurence Ma, currently General Manager of L’Oreal Luxe China, will be appointed to the newly created role of Deputy Chief Executive Officer in Charge of Divisions – L’Oreal China. Ma will continue to manage L’Oreal Luxe China, and will lead the other three Divisions. Ma’s appointment will become effective at the beginning of February 2024. Emmanuel Goulin will be appointed President of Travel Retail and will join the Group’s Executive Committee. He will succeed Vincent Boinay. Goulin’s appointment will become effective at the beginning of 2024.