Nicolas Hieronimus has been elevated from deputy CEO to CEO of L’Oreal, succeeding the retiring Jean-Paul Agon on May 1, 2021, and ending an 18-month process.
The No. 14 consumer goods company is separating the CEO and chairman roles, and Agon will remain chairman while Barbara Lavernos becomes the new deputy CEO. L’Oreal also creating a new research, innovation and technologies division that Lavernos will lead beginning in February.
Hieronimus joined L’Oréal in 1987 as a product manager and has served as deputy CEO since 2017. During his 33-year tenure, he’s held a range of roles across divisions, including general manager of the L’Oréal professional products division, president of L’Oréal Luxe, and president of selective divisions.
Agon called out Hieronimus’ sensitivity to consumer needs and expectations, as well as his deep marketing experience and brand knowledge. “For the last three years, he has played a key role by my side as deputy CEO, to animate our operational divisions, especially in the period of crisis that we have been traversing for several months,” he said in a statement.