New Appointment – Global Head of Acquisitions

Press releases New Appointment – Global Head of Acquisitions

Clichy, 7 September 2018 – L’Oréal announces the appointment of Philippe Cornu as Global Head of Acquisitions and External Business Development for L’Oréal. He succeeds Alain Evrard who is retiring from the company. Philippe Cornu will report to Christian Mulliez, Executive Vice-President & Chief Financial Officer.

Under the leadership of Alain Evrard, since January 2007 the Group’s M&A and licensing teams have accelerated the pace of acquisitions, growing in the span of 12 years the Group’s portfolio from 22 to 34 international brands. These operations include iconic brands such as Pureology, Yves Saint Laurent, Urban Decay, NYX Professional Makeup, CeraVe, as well as important local brands such as Interbeauty in Kenya, Vogue in Colombia, Niely in Brazil and recently Stylenanda in Korea.

L’Oréal’s acquisition strategy focuses on completing the brands’ portfolio to foster the Group’s future organic growth and to capture new beauty desires.

Philippe Cornu joined L’Oréal in 1987. He has been managing several business units in different countries, before being appointed Country Manager in the Balkans and later on in Greece. In 2012, he joined the Finance and Administration department as Head of Risk Management and Compliance.

 

About L’Oréal

L’Oréal has devoted itself to beauty for over 100 years. With its unique international portfolio of 34 diverse and complementary brands, the Group generated sales amounting to 26.02 billion euros in 2017 and employs 82 600 people worldwide. As the world’s leading beauty company, L’Oréal is present across all distribution networks: mass market, department stores, pharmacies and drugstores, hair salons, travel retail, branded retail and e-commerce.

Research and innovation, and a dedicated research team of 3 885 people, are at the core of L’Oréal’s strategy, working to meet beauty aspirations all over the world. L’Oréal’s sustainability commitment for 2020 “Sharing Beauty With All” sets out ambitious sustainable development objectives across the Group’s value chain.

For more information: http://mediaroom.loreal.com/en/

 

Contacts L’ORÉAL (switchboard + 33 1.47.56.70.00)

Individual shareholders

and market authorities

Financial analysts and institutional investors

 

 

Journalists

 

Jean Régis CAROF Françoise LAUVIN Stéphanie Carson-Parker
Tel : + 33 (0)1.47.56.83.02 Tel : +33 (0)1.47.56.86.82 Tel : + 33 (0)1 47 56 76 71
jean-regis.carof@loreal.com francoise.lauvin@loreal.com stephanie.carsonparker@loreal.com

 

For further information, please contact your bank, stockbroker or financial institution (I.S.I.N. code: FR0000120321), and consult your usual newspapers or magazines or the Internet site for shareholders and investors, www.loreal-finance.com,the L’Oréal Finance app or call the toll-free number from France: 0.800.66.66.66.

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