There has been a bit of a revolving door situation in the C-Suite at Coty over the past couple of years, following the departures of Camillo Pane and Pierre Laubies.
In May, the multinational, which is the third largest beauty company in the world, sold off a majority stake in its Professional Beauty division to KKR, the global private equity giant, for US$4.3 billion.
The company’s goal going forward is to intensify its focus on fragrance, skincare and makeup.
Coty have certainly found the one of the best candidates for the job as its new CEO.
Her track record with the world’s largest beauty player is phenomenal.
Nabi oversaw the launch of La Vie Est Belle, currently the number two best-selling prestige fragrance in the world.
She also masterminded the debut of Dream Tone, the first pigment corrector for all skin tones in 2013, long before diversity in beauty became top-of-mind for the industry.
Other highlights include presiding over L’Oréal’s green chemistry program launches such as the anti-ageing active, Proxylane, and changing its iconic slogan from ‘Because I’m worth it’ to the more inclusive – ‘Because we’re worth it’.
She also prioritised the use of older celebrities such as Jane Fonda in key advertising campaigns.
After leaving L’Oréal, the 52-year-old, Algerian-born entrepreneur also founded Orveda, the naturally-based premium luxury skincare brand, in 2017.
Peter Harf, Coty’s current CEO, will move up to the position of executive chairman in September and Nabi will assume the key position.
Sue is renowned as a visionary and on-going gamechanger, whose outstanding creativity is celebrated in the beauty industry, said Harf.
“I am proud that she now wants to bring her unique sense of inspiration to Coty.”