Coty Inc. Announces Key Leadership Changes and Executive Appointments

Coty Inc. has appointed Markus Strobel as Executive Chairman of the Board and Interim Chief Executive Officer, effective January 1, 2026. Strobel, formerly President of Procter & Gamble's Global Skin & Personal Care business, will lead Coty's strategic review of its Consumer Beauty business. He will receive an annual base salary of $1,250,000 (reduced to $1,000,000 when not serving as Interim CEO), a one-time sign-on bonus of $940,000, and equity grants including restricted stock units valued at $3,000,000 and 6,000,000 stock options. Sue Y. Nabi will cease to be CEO effective December 31, 2025, and will receive a severance payment of approximately $1,741,575 and accelerated vesting of 2,083,333 restricted stock units. Patricia Capel has been appointed to the Board of Directors, effective January 1, 2026. Peter Harf will resign as Chairman of the Board effective December 31, 2025.