Coty Inc. (NYSE:COTY) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Coty Inc. (NYSE: COTY) (“Coty”) today announced the resignation of Patrice de Talhouët, Executive Vice President and Global Chief Financial Officer of Coty. Mr. de Talhouët will remain CFO through mid September 2018 and assist with transition thereafter. Coty will retain an executive search firm to conduct a search for a successor.
Coty also announced today the appointment of Ayesha Zafar, Coty’s Senior Vice President, Group Controller, as interim Chief Financial Officer, effective September 15, 2018. Ms. Zafar, age 61, has served as Senior Vice President, Group Controller since May 2016. In this position, Ms. Zafar is Coty’s principal accounting officer and is responsible for Coty’s accounting operations and financial reporting. Prior to her appointment in May 2016, Ms. Zafar served as Vice President Controller of The Hertz Corporation since January 2013 and as its Controller from March 2012 to January 2013. Ms. Zafar brings 30 years of finance experience in multinational companies across consumer goods, pharmaceuticals and publishing, including Bristol-Myers Squibb, Campbell Soup Company, PepsiCo, Inc., Readers Digest, and Colgate-Palmolive Company. Ms. Zafar is a Certified Public Accountant and holds a Bachelor of Science degree in Accounting from Excelsior College.
A copy of the press release announcing Mr. de Talhouët’s departure and Ms. Zafar’s appointment is attached to this Current Report on Form 8-K as Exhibit 99.1. A copy of the press release is also available on its website at www.investors.coty.com, under the “Investor News” tab.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits:
COTY INC. ExhibitEX-99.1 2 c91914_ex99-1.htm Exhibit 99.1 Coty Announces Chief Financial Officer Transition NEW YORK – August 21,…To view the full exhibit click here
About Coty Inc. (NYSE:COTY)
Coty Inc. is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli. Its color cosmetics products include lip, eye, nail and facial color products. The brands in its Color Cosmetics segment include Bourjois, Rimmel, Sally Hansen and OPI. Its skin & body care products include shower gels, deodorants, skin care and sun treatment products. Its skin & body care brands are adidas, Lancaster, philosophy and Playboy. The Company, through Hypermarcas S.A., engages in personal care and beauty business. The Brazil Acquisition segment includes product groupings, such as skin care, nail care, deodorants and hair care products. It operates in the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific.
