Coty’s (COTY) controlling stakeholder JAB Holdings intends to revamp leadership at the beauty group, resulting in the departure of chair Peter Harf, with CEO Sue Nabi set to follow, the Financial Times’ Madeleine Speed, Arash Massoudi, and Adrienne Klasa report. The shareholder’s plan is that Harf’s successor as chair will quickly name a new CEO, the authors say, citing people familiar with the matter.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COTY:
- Coty price target lowered to $3.75 from $4 at TD Cowen
- Coty initiated with a Neutral at Rothschild & Co Redburn
- Coty’s Balanced Outlook: Promising Developments Amid Market Challenges
- Coty’s Financial Outlook: Hold Rating Amidst Sales Decline and Margin Pressures
- Coty Inc’s Earnings Call: Growth Amid Challenges