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French cosmetics group L'Oreal names Hieronimus as new chief

Published 10/14/2020, 09:58 AM
Updated 10/14/2020, 10:00 AM
© Reuters. Nicolas Hieronimus, Deputy CEO of L'Oreal SA, poses for a photograph at their headquarters in Levallois-Perret
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PARIS (Reuters) - French cosmetics group L'Oreal (PA:OREP) will name deputy Chief Executive Nicolas Hieronimus as its new CEO, replacing long-time boss Jean-Paul Agon.

Hieronimus will take the group's operational reins next May, the company said in a statement, adding that Agon will remain as board chairman.

© Reuters. Nicolas Hieronimus, Deputy CEO of L'Oreal SA, poses for a photograph at their headquarters in Levallois-Perret

Hieronimus, 56, has spent his entire career at the maker of Garnier shampoo and Lancome creams and was widely expected to take over as CEO after being groomed as Agon's successor.

 

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