Coty has announced the appointments of Anna Adeola Makanju and Mariasun Aramburuzabala Larregui to its board of directors, with now seven out of the 13 members being women.
Previously: Coty Promotes Laurent Mercier to CFO
Makanju brings more than 15 years of experience in global policy across the United States and private sector companies. She is currently the global policy manager for content regulation at Facebook.
Larregui is president of the board and CEO of Tresalia Capital. She also serves as a board director for several global corporations and institutions, including Anheuser-Busch InBev (ABI) and Grupo Modelo.
Larregui has been recognized as Fortune Magazine's "50 Most Powerful Women in Global Business," Star Group’s “Leading Women Entrepreneurs of the World” and the International Women Forum’s “Corporations that Make the Difference” award.
Coty has also announced that Paul S. Michaels stepped down as a director on December 18, 2020. Michaels joined the board of directors in June 2015.
Sue Y. Nabi, CEO of Coty, said: “Mariasun and Anna are outstanding leaders who have already achieved so much in their chosen careers. What makes me particularly excited about their joining our board is that they are also deeply passionate about beauty. For a company like Coty, that aims to become the most product-centric beauty company, this passion is invaluable. I look forward to working closely with Mariasun and Anna over the coming years and harnessing their exceptional insights.”
Nabi added: “I would like to thank Paul for his five years of service to Coty and his excellent contribution during this period. We wish him all the best in his future endeavors.”