Coty Appoints Markus Strobel as Executive Chairman and Interim CEO

Coty Inc. has announced the appointment of Markus Strobel as Executive Chairman of the Board and Interim Chief Executive Officer, effective January 1, 2026, marking a significant leadership transition for the global beauty company.

Strobel joins Coty following a distinguished 33-year career at Procter & Gamble, where he most recently served as President of P&G’s Global Skin & Personal Care business. Over the years, he held several senior leadership roles across Beauty & Grooming, spanning fine fragrance, hair care, and grooming categories.

As part of his fragrance leadership portfolio at P&G, Strobel oversaw a number of prestige global brands, including Gucci, Dolce & Gabbana, Valentino, and Hugo Boss. He was instrumental in driving the modernisation of innovation pipelines, product supply, marketing strategies, go-to-market execution, and operating capabilities across key markets such as North America, Greater China, Japan, Korea, and Europe.

Commenting on his appointment, Strobel said,
“I am delighted to join Coty at this important juncture. Building on Coty’s strong foundations, I see tremendous potential to accelerate growth, strengthen our position in both prestige and mass beauty, and deliver sustainable value for shareholders, partners, and consumers worldwide.”

Strobel will succeed Peter Harf, who will retire from Coty’s Board after more than three decades of service, and Sue Nabi, who will step down as Chief Executive Officer following a five-year tenure.

Under Harf’s leadership, Coty evolved into a global beauty powerhouse, while Nabi’s tenure was marked by the launch of multiple blockbuster fragrances, including Burberry Goddess, alongside a significant reduction in the company’s financial net leverage to approximately 2x. Together, their leadership leaves Coty well-positioned for its next phase of profitable and sustainable growth.