Coty Appoints CEO to Drive Expansion of Two Prestige Brands
Beauty and fragrance company Coty Inc., announces the promotion of Andrew Stanleick to chief executive officer (CEO) for the beauty business created by Kylie Jenner. In addition, Stanleick will also manage Kim Kardashian West’s business for Coty with a focus for both brands on driving global expansion and entry into new beauty categories. Both businesses are part of Coty’s prestige brands.
Stanleick, who is based in New York City, will assume his new global responsibilities in addition to his current role as Coty EVP Americas.
Commenting on the announcement, Sue Y. Nabi, Coty's CEO, said, “Andrew is a very experienced and respected Coty leader who has demonstrated strong business development acumen, strategic rigor, and customer orientation. He is well positioned to further develop Kim and Kylie’s beauty businesses. This is a great opportunity for Andrew and Coty to fully leverage our global knowledge and capabilities in R&D, manufacturing, distribution, commercial and go-to-market expertise. Combine this with our deep understanding of the fragrances, cosmetics and skincare categories and you have a recipe for success.”
Kris Jenner, who held the role of interim CEO, will remain closely involved in the strategic partnerships between Kylie Cosmetics and Kylie Skin, KKW Beauty and Coty as a Board member, along with the day-to-day responsibilities she has held alongside Kylie since the launch of the brand in 2015. Coty with Kris, Kim and Kylie will continue to set and lead the strategic direction of both partnerships, focusing on global expansion and entry into new beauty categories. Both Kim and Kylie and their teams will continue to lead all creative efforts in terms of product and communication initiatives, building on their unrivalled global reach capabilities through social media.
Of the announcement, Kris Jenner said, “Andrew is a beauty industry veteran with a proven track record of expanding brands into global markets and we very much look forward to working closely with him to further accelerate the businesses.”
Andrew Stanleick said, “It’s a great honor to assume this added responsibility and lead these iconic brands, which have played such an important role in revolutionizing the way the beauty industry works today. We have a clear plan in place to accelerate growth and ensure these businesses are able to continue to deliver outstanding products that are new, innovative and sustainable. For Kylie’s beauty business, this includes a refreshed cosmetics product assortment, an omnichannel approach, and a best-in-class DTC website and platform which will finally allow consumers to seamlessly shop the full assortment of her cosmetics and skincare products. It’s a very exciting time for everyone involved and we have a fantastic opportunity to build something very special together.”
Stanleick is a beauty and luxury goods industry veteran with over 20 years of multi-channel, multi-category experience in marketing and general management roles. He brings a unique global perspective having served in leadership roles in eight countries across four continents. Stanleick joined Coty in September 2017, following nearly five years at the US luxury brand COACH, where he served as President & CEO for COACH Europe. Prior to COACH, Stanleick worked at L’Oréal from 2000-2013 across a range of leadership roles in Europe, Russia and Asia. He began his career at Unilever, working in brand management and sales. Since joining Coty, he has led the transformation of the Coty Americas business, most notably with US luxury returning to omni-channel market share growth for the first time in three years. Within Consumer Beauty, he has driven the turnaround of Sally Hansen and returned COVERGIRL to market share growth for the first time in over four years on the back of the successful launches of Clean Fresh foundation and Clean mascara.