Gouvernance

The Board of Directors carries out its work on a collective basis, in accordance with ethical principles and in compliance with the legal provisions, regulations and recommendations.

At 23 April 2024, the Board of Directors of L’Oréal comprises 16 members: the Chairman of the Board, the Chief Executive Officer, three seats for Françoise Bettencourt Meyers and her family and two for Nestlé, seven independent directors: Sophie Bellon, Patrice Caine, Fabienne Dulac, Ilham Kadri, Virginie Morgon, Alexandre Ricard, Jacques Ripoll and two directors representing the employees: Thierry Hamel and Benny de Vlieger.

An elected representative of the Central Works Council of L’Oréal, Catherine Olivry, also attends the Board Meetings, with an advisory vote.

The Board of Directors at 23 April 2024

Jean-Paul Agon

Jean-Paul Agon

Chairman of the Board of Directors

Chairman of the Strategy and Sustainability Committee

Age: 67. Jean-Paul Agon joined the L’Oréal Group in 1978. Following an international career as General Manager of the Consumer Products Division in Greece and of L’Oréal Paris in France, International Managing Director of Biotherm, General Manager of L’Oréal Germany, General Manager of the Asia Zone, Chairman and Chief Executive Officer of L’Oréal USA, Jean-Paul Agon was appointed as Deputy Chief Executive Officer of L’Oréal in 2005, and then Chief Executive Officer in April 2006, and finally Chairman and Chief Executive Officer in 2011. Since 1 May 2021, Jean-Paul Agon has been the Chairman of the Board of Directors. A Director of L’Oréal since 2006, he is also the Chairman of the Strategy and Sustainability Committee. Jean-Paul Agon is also the Chairman of the L’Oréal Corporate Foundation.

Nicolas Hieronimus

Nicolas Hieronimus

Chief Executive Officer

Age: 60. Nicolas Hieronimus joined the L’Oréal Group in 1987 and was appointed Marketing Director of the Laboratoires Garnier in 1993. After an international career as General Manager of the Garnier Maybelline Division in the UK, General Manager France then International General Manager of L’Oréal Paris, CEO of L’Oréal Mexico, Nicolas Hieronimus was appointed as General Manager of the L’Oréal Professional Products Division and joined the Executive Committee in 2008. In 2011, he was appointed President of L’Oréal Luxe, a role that he held until the end of 2018. In 2013, Nicolas Hieronimus became General Manager of Selective Divisions (Luxury, Active Cosmetics, Professional Products). He was appointed Deputy Chief Executive Officer of L’Oréal in charge of Divisions in May 2017. Nicolas Hieronimus was appointed Chief Executive Officer of L’Oréal on 1 May 2021. He has been a Director of L’Oréal since 2021

Françoise Bettencourt Meyers

Françoise Bettencourt Meyers

Vice-Chairwoman of the Board of Directors

Member of the Strategy and Sustainability Committee

Member of the Nominations and Governance Committee

Member of the Human Resources and Remuneration Committee

Age: 70. Françoise Bettencourt Meyers, daughter of Liliane Bettencourt and granddaughter of the founder of L’Oréal, Eugène Schueller, has been the Chairwoman of the family-owned holding company Téthys since 31 January 2012, and is the Chairwoman of the Supervisory Board of the investment subsidiary Téthys Invest, Chairwoman of the Bettencourt Schueller Foundation, and Honorary President of the Pour l’Audition Foundation. Françoise Bettencourt Meyers has been a Director of L’Oréal since 1997. Vice-Chairwoman of the Board of Directors since 2020, Françoise Bettencourt Meyers is also a member of the Strategy and Sustainability Committee, the Nominations and Governance Committee and the Human Resources and Remuneration Committee.

Paul Bulcke

Paul Bulcke

Vice-Chairman of the Board of Directors

Member of the Strategy and Sustainability Committee

Member of the Nominations and Governance Committee

Member of the Human Resources and Remuneration Committee

Age: 69. Paul Bulcke, of Belgian and Swiss nationality, has served as the Chairman of the Board of Directors of Nestlé since 2017. After pursuing an international career at the highest level within the Nestlé Group, holding various positions in Europe and Latin America, in 2004 Paul Bulcke was appointed Executive Vice President and Zone Director for zone Americas of Nestlé S.A. before becoming Chief Executive Officer of Nestlé S.A. from 2008 to 2016. Paul Bulcke was a Director of L’Oréal from 2012 to June 2014 and then again since 2017. Vice-President of the Board of Directors, Paul Bulcke is also a member of the Strategy and Sustainability Committee, the Nominations and Governance Committee and the Human Resources and Remuneration Committee.

Sophie Bellon

Sophie Bellon

Chairwoman of the Human Resources and Remuneration Committee

Member of the Nominations and Governance Committee

Age: 62. Sophie Bellon is Chairwoman of the Board of Directors and CEO of Sodexo. After a career in finance in the United States, she joined Sodexo in 1994, where she held various positions, including as the Chief Executive Officer of the Corporate Services business unit of Sodexo France and as Research, Development and Innovation Strategy Manager of Sodexo. Sophie Bellon has been a Director of L’Oréal since 2015. She is Chairwoman of the Human Resources and Remuneration Committee and member of the Nominations and Governance Committee.

Patrice Caine

Patrice Caine

Chairman of the Nominations and Governance Committee

Member of the Strategy and Sustainability Committee

Age: 54. Patrice Caine has been Chairman and Chief Executive Officer of the Thales Group since December 2014, after holding management positions in various operating units (Aviation and Naval, Communications, Navigation and Identification, Air Systems, Radio-Communication Products, Network and Infrastructure Systems, and Protection Systems) from 2002 to 2013. Patrice Caine has been a Director of L’Oréal since 2018. He is Chairman of the Nominations and Governance Committee and member of the Strategy and Sustainability Committee.

Fabienne Dulac

Fabienne Dulac

Member of the Audit Committee

Member of the Human Resources and Remuneration Committee

Age: 56. Fabienne Dulac has been Deputy Chief Executive Officer and a member of the Executive Committee at Orpea since October 2023, after a 26-year career at Orange where she served as Chief Executive Officer of Orange France from 2015 to 2023, then Executive Vice President of Transformation and Chairwoman of Orange Business. Fabienne Dulac has been a Director of L’Oréal since 2019 and member of the Audit Committee and the Human Resources and Remuneration Committee. She is also a Director of the company La Française des Jeux.

Béatrice Guillaume-Grabisch

Béatrice Guillaume-Grabisch

Member of the Audit Committee

Age: 59. Béatrice Guillaume-Grabisch has been Executive Vice-President and Global Head of Human Resources and Business Services of the Nestlé Group which she joined in 2013. She was formerly Chief Executive Officer of Nestlé Germany after a career in various consumer goods groups (Colgate-Palmolive, Beiersdorf, Johnson & Johnson, L’Oréal, Coca-Cola). Béatrice Guillaume-Grabisch has been a Director of L’Oréal since 2016 and is a member of the Audit Committee.

Thierry Hamel

Thierry Hamel

Member of the Human Resources and Remuneration Committee

Age: 70. Thierry Hamel is a Project Manager – Sales Excellence & Vocational Training in the Professional Products Division in France. In April 2022, Thierry Hamel was appointed as a Director representing the employees by the CFE-CGC union for a period of four years. He is a member of the Human Resources and Remuneration Committee.

Ilham Kadri

Ilham Kadri

Member of the Audit Committee

Age: 55. Ilham Kadri, of French and Moroccan nationality, was Chief Executive Officer of the Solvay group until December 2023 and chaired its Executive Committee. Since then, she has been Chief Executive Officer of Syensqo, an international speciality chemicals group focused on innovation and sustainable development, formed from the demerger of the Solvay group. From 2013 to 2019, Ms Kadri was CEO and Chairwoman of the American company Diversey, having performed roles in research & development, sales, marketing, strategy, business management and digital technology in leading industrial companies (Shell, UCB, Dow, Sealed Air etc.). She is also a Director of A.O. Smith Corporation. Ilham Kadri has been a Director of L’Oréal since 2020 and Member of the Audit Committee.

Jean-Victor Meyers

Jean-Victor Meyers

Member of the Strategy and Sustainability Committee

Age: 38. Jean-Victor Meyers has been a member of the Supervisory Board of the family-owned holding company Téthys since January 2011, and is a member of the Supervisory Board of the investment subsidiary Téthys Invest. Jean-Victor Meyers has been a Director of L’Oréal since 2012 and is a member of the Strategy and Sustainability Committee.

Nicolas Meyers

Nicolas Meyers

Member of the Audit Committee

Age: 36. Nicolas Meyers has been a member of the Supervisory Board of the family-owned holding company Téthys since 2011, member of the Supervisory Board of the investment subsidiary Téthys Invest since 2016, and Director of the Bettencourt Schueller Foundation since 2012. Nicolas Meyers has been a Director of L’Oréal since 2020. He is a member of the Audit Committee.

Virginie Morgon

Virginie Morgon

Chairwoman of the Audit Committee

Age: 54. Virginie Morgon was Chairwoman of the Management Board of Eurazeo from 2008 to February 2023, after sixteen years at Lazard. She is also Co-Chair of the Paris Committee of the Human Rights Watch. Virginie Morgon has been a Director of L’Oréal since 2013 and is Chairwoman of the Audit Committee.

Alexandre Ricard

Alexandre Ricard

Member of the Strategy and Sustainability Committee

Member of the Human Resources and Remuneration Committee

Age: 52. Alexandre Ricard has been Chairman and Chief Executive Officer of Pernod Ricard since February 2015. He joined Pernod Ricard in 2003, after seven years as a strategy consultant at Accenture and as an M&A consultant at Morgan Stanley. In 2004, he was appointed Director of Finance and Administration of Irish Distillers, and then in 2006, Chief Executive Officer of Pernod Ricard Asia Duty Free. In 2008, he was appointed Chairman and Chief Executive Officer of Irish Distillers and joined the Executive Committee of Pernod Ricard. In 2011, he joined the General Management of Pernod Ricard as Deputy Chief Executive Officer in charge of the distribution network. Alexandre Ricard has been a Director of L’Oréal since 2021 and is a member of the Strategy and Sustainability Committee.

Jacques Ripoll

Jacques Ripoll

Member of the Audit Committee

Age: 58. Member of the Supervisory Board since September 2022 of Eren Group which uses technological innovation to benefit the natural resources economy by supporting entrepreneurs who are developing innovative technology solutions for the energy transition. Mr. Jacques Ripoll has spent the majority of his career in banking and finance. At Société Générale from 1991 to 2013, he then joined Banco Santander as Chief Executive Officer responsible for investment banking. In 2018, he was appointed Deputy CEO of Crédit Agricole in charge of the “Key accounts” division. Mr. Jacques Ripoll is also a director of the CMA CGM Group

Benny de Vlieger

Benny de Vlieger

Member of the Audit Committee

Age: 60. Benny de Vlieger, of Belgian nationality, is a Sales Representative for the Consumer Products Division in Belgium. In April 2022, Benny de Vlieger was appointed as a Director representing the employees by the Instance Européenne de Dialogue Social/European Works Council (IEDS/EWC) for a period of four years. He is a member of the Audit Committee.

Summary table

     
Board Committees
 

Independence

Expiry date of 
current tenure

Strategy and 
Sustainability 
Development

Audit

Appointments and
Governance

HR &
Remuneration

Jean-Paul Agon  

2026

Ellipse 51
     
Nicolas Hieronimus  

2025

       
Françoise Bettencourt Meyers  

2025

Ellipse
 
Ellipse
Ellipse
Paul Bulcke  

2025

Ellipse
 
Ellipse
Ellipse
Sophie Bellon
Ellipse 50

2027

   
Ellipse
Ellipse 51
Patrice Caine
Ellipse 50

2026

Ellipse
 
Ellipse 51
 
Fabienne Dulac
Ellipse 50

2027

 
Ellipse
 
Ellipse
Béatrice Guillaume-Grabisch  

2028

 
Ellipse
   
Thierry Hamel  

2026

     
Ellipse
Ilham Kadri
Ellipse 50

2028

 
Ellipse
   
Jean-Victor Meyers  

2028

Ellipse
     
Nicolas Meyers  

2028

 
Ellipse
   
Virginie Morgon
Ellipse 50

2025

 
Ellipse 51
   
Alexandre Ricard
Ellipse 50

2025

Ellipse
   
Ellipse
Jacques Ripoll
Ellipse 50

2028

 
Ellipse
   
Benny de Vlieger  

2026

 
Ellipse
   
Ellipse 50
Independence within the meaning of the criteria of the AFEP-MEDEF Code as assessed by the Board of Directors.  
Ellipse 51
Committee Chairman/Chairwoman
Ellipse
Committee Member


 

EXPERIENCED DIRECTORS WHO COMPLEMENT ONE ANOTHER
  • 50%

    independent members

  • 43%

    of women

  • 4

    nationalities within the Council

L’Oréal’s Directors come from different backgrounds. They complement one another due to their different professional experiences, their skills and their nationalities. They have good knowledge of the Company. The Directors are present, active and closely involved. These are all assets which contribute to the quality of the Board’s deliberations in the context of the decisions that the Board is called on to make.

SELF-EVALUATION BY THE BOARD OF DIRECTORS

Every year, the Board carries out the formal evaluation provided for by the AFEP-MEDEF Code of its composition, its organisation and its modus operandi, in particular in order to verify that, under these conditions, the agenda for its work duly covers the scope of its assignments, that important questions have been appropriately prepared for and discussed and to assess the contribution made by each member to the Board’s work.

This evaluation is carried out within the framework of the AFEP-MEDEF Code, to which the Board refers and market recommendations like those of the AMF. On the basis of the summary of prior individual interviews between the Director and the Secretary of the Board of Directors, such interviews being conducted on the basis of a guide which sets out the principles provided for in the code and the recommendations, the Board considers the avenues of progress that still remain open and, at the end of the discussion that takes place, adopts the improvement measures that it considers appropriate..

The Board's Committees

ACTIVELY INVOLVED COMMITTEES PREPARE FOR THE BOARD MEETINGS 

The Board’s discussions and decisions are assisted by the work performed by its Committees, which report to it after each of their meetings. The remits of each Committee are described in detail in the Internal Rules of the Board of Directors. The Committees were again given responsibility by the Board for preparing its decisions in 2023. The Board’s Committees act strictly within the framework of the remits given to them by the Board. They prepare actively for its work and make proposals but they do not have any decision-making powers.

    Main remits

    • Providing insight, through its analyses, into the strategic orientations submitted to the Board.
    • Monitoring the implementation and advancement of significant operations in progress and ensuring that the main financial balances are maintained.
    • Examination of the main strategic lines of development, options or projects presented by the General Management, and their economic and financial consequences, opportunities for acquisitions and financial transactions liable to significantly change the balance sheet structure.
    • Verification of the integration of the Company’s commitments with regard to Sustainable Development, in light of the challenges specific to the Group’s business activities and its objectives.
    • Examination of the proposed strategic orientations defined by the Board with a view to consultation of the Central Works Council.

    PresidentJean-Paul Agon

    MembersFrançoise Bettencourt MeyersPaul Bulcke, Patrice CaineJean-Victor Meyers, Alexandre Ricard.
     

    Main remits

    • Monitoring of the process for preparation of financial information.
    • Monitoring of the statutory audit of the annual and consolidated accounts by the Statutory Auditors.
    • Review of the audit plans and the Statutory Auditors’ work programme and the results of their audits.
    • Monitoring of the Statutory Auditors’ independence.
    • Approval of non-audit services.
    • Monitoring of the efficiency of the Internal Control and risk management systems.
    • Warning role with regard to the Chairman of the Board in the event of detection of a substantial risk which in its view is not adequately taken into account.
    • Task of monitoring the Group’s main risk exposures and sensitivities.
    • Review of the programme and objectives of the Internal Audit Department and the Internal Control system methods and procedures used.
    • Annual review of the section of the Management Report on risk factors and Internal Control and risk management procedures..

    PresidentVirginie Morgon

    MembersFabienne DulacBéatrice Guillaume-GrabischIlham KadriNicolas MeyersBenny de VliegerJacques Ripoll

    Main remits

    • Reflections and recommendations to the Board with regard to the methods of performance of General Management and the status of the executive officers.
    • Issuing an opinion on proposals made by the Chairman of the Board of Directors for appointment of the Chief Executive Officer, where applicable.
    • Preparation of succession plans for the executive officers in the event of an unforeseen vacancy.
    • Proposal to the Board of new Directors.
    • Examination of the classification as independent Director which is reviewed by the Board every year.
    • Verification of the due and proper application of the Code of Corporate Governance to which the Company refers (AFEP-MEDEF Code).
    • Discussion on governance issues related to the functioning and organisation of the Board.
    • Conducting the reflection process with regard to the Committees that are in charge of preparing the Board’s work.
    • Preparation for the decisions by the Board with regard to updating its Internal Rules.

    PresidentPatrice Caine

    MembersFrançoise Bettencourt MeyersPaul BulckeSophie Bellon.

    Main remits

    • Making proposals relating to the remuneration of the Chairman of the Board of Directors and that of the Chief Executive Officer, where applicable.
    • Setting of the total amount of Directors' fees to be submitted to the Annual General Meeting and the method of distribution.
    • Determination of the policy for Long-Term Incentive plans, in particular through plans for free grants of shares or performance shares (ACAs).
    • Monitoring of the Human Resources policy: employee relations, recruitment, diversity, etc.
    • Monitoring of the application of the Code of Ethics in the Company.

    PresidentSophie Bellon

    MembersFrançoise Bettencourt MeyersPaul BulckeFabienne DulacThierry HamelAlexandre Ricard.

    Remuneration of Corporate Officers and Related-party agreements

    Executive Committee

    The members of the Executive Committee are at the head of the Divisions, the functional Departments, as well as the Geographic Areas. They implement strategic orientations and manage L’Oréal’s activities throughout the world.

    Nicolas Hieronimus

    Nicolas Hieronimus

    Chief Executive Officer

    A graduate from one of France's top Business Schools, ESSEC, in 1985, Nicolas Hieronimus joined L'Oréal in 1987 as Product Manager. As marketing Director for the Laboratoires Garnier in 1993, he successfully created the Fructis haircare range. In 1998, he became General Manager of the Garnier Maybelline Division in the UK. In 2000, he was named General Manager, L'Oréal Paris France, and then International General Manager for L'Oréal Paris, which he repositioned as the "accessible luxury" brand. In particular he developed skincare with the creation of Dermo expertise, Solar expertise, and Men expert. In 2005, he became General Manager of L'Oréal Mexico. In 2008, he became General Manager of the L’Oréal Professional Products Division and he increased its global leadership, driven in particular by the launch of Inoa hair color. In January 2011, he was appointed President L’Oréal Luxe, a role that he held until the end of 2018. In addition to this role, he took up a new position as President Selective Divisions (Luxury, Active Cosmetics, Professional Products,) on 1 July 2013 and he was named Deputy CEO in charge of Divisions on May 1, 2017. 
    In May 2021 Nicolas Hieronimus was appointed as Chief Executive Officer of L’Oréal, as well as member of the Board of Directors.

    Barbara Lavernos

    Barbara Lavernos

    Deputy Chief Executive Officer, in charge of Research, Innovation and Technology

    An engineer by training, Barbara Lavernos joined the L’Oréal Group in 1991, where she pursued a very diverse career. After becoming Director of the Rambouillet plant in 2000, she was appointed Group Purchasing General Manager in 2004, before being entrusted with the General Management of Travel Retail markets in 2011. In 2014, she joined the L’Oréal Executive Committee as Chief Operating Officer, dealing with packaging design, product development, purchasing and product supply for L’Oréal’s 40 factories, as well as the worldwide supply chain for over 6 billion products per year.

    During her tenure, Barbara implemented a profound digital transformation at all levels of Operations and established sustainable development as a core pillar for her teams’ actions. At the end of 2018, she was given the additional responsibility of leading the IT revolution, with the ambition of establishing L’Oréal as the World leader in "Beauty Tech".
    In February 2021, Barbara Lavernos took over the newly created Department of Research, Innovation and Technologies, with a dual ambition: enabling L’Oréal to invent the Beauty of the future, while transforming itself into the Company of the future.

    With the support of the Group's 4,000 researchers, this Department will continue to pursue L’Oréal's historic goal to “bring the best of science and innovation to consumers” while introducing new services thanks to the opportunities offered by cutting-edge technologies. In parallel, with the support of our 1 700 IT & Technology experts, the Department will bring new technologies and data to the heart of each of the Group's entities and businesses, setting them up for success in a world revolutionized by digitization.
    In addition to her role of Chief Research, Innovation and Technology Officer, Barbara Lavernos was named Deputy Chief Executive Officer on May 1, 2021.

    Christophe Babule

    Christophe Babule

    Chief Financial Officer

    Christophe BABULE has built his entire career within the Group, which he joined in 1988 at the end of his studies at HEC Paris. He started in the Luxe Division in Italy where he stayed 7 years. Then he discovered Asia, first based in France in the Zone, before becoming Director of Administration & Finance in China, a role that he held for more than 8 years up until 2007. Appointed Administration & Financial Director for Mexico, he continued his international Career path on another large continent. In 2010, after many years abroad, he returned to France as Director of Internal Audit in charge of controlling all of the Group’s entities. He stayed in France for nearly 5 years before returning to Asia as Administration & Financial Director for the Zone located in Shanghai and then in Hong Kong. In February 2019, he became Chief Financial Officer of the Group, and joined the Executive Committee.

    Ezgi Barcenas

    Ezgi Barcenas

    Chief Corporate Responsibility Officer

    Born in Cyprus, Ezgi holds a bachelor's degree in biomedical and electrical engineering from Vanderbilt University, a master's degree in environmental health from the Harvard School of Public Health and an MBA from the University of Chicago's Booth School of Business.

    Recognized as an influential leader of international stature, Ezgi was recently named to TIME magazine's TIME100 Climate list, which recognizes 100 of the world's most influential business climate leaders.

    Ezgi's inspirational leadership, successful experience with one of the world's largest consumer goods companies, and ability to operate in a multicultural environment will enable her to rise to this new challenge. 

    Vincent Boinay

    Vincent Boinay

    President
    North Asia Zone & Chief Executive Officer L’Oréal China

    A graduate of the ESCP Business School, Vincent Boinay joined L’Oréal in 1992 after two years as a member of the International Volunteer Program (VIE) at L’Oréal Belgium. He started his 27-year career at L’Oréal as Area Manager for Lancôme, in Travel Retail Europe, before being promoted to Managing Director of L’Oréal Travel Retail Europe in 1998. In 2000, he moved to the position of International Business Development Director for Lancôme, and then was given the responsibility of General Manager of Biotherm, Cacharel & Guy Laroche France in 2004. In 2007, Vincent was transferred to Japan to become Vice President of Nihon L'Oréal in charge of the Luxury Division. He then returned to Paris in January 2012, to set up the Retail Excellence Program for the L'Oréal Luxe Division worldwide. In 2015, he was appointed President of L'Oréal Travel Retail Worldwide.

    Since 2024, Vincent is the President of the North Asia Zone and Chief Executive Officer of L’Oréal China.

    Cyril Chapuy

    Cyril Chapuy

    President
    Luxe

    Graduated from ESSEC Business school in 1992, Cyril Chapuy joined l’Oreal in 1993 as Marketing Manager. As Marketing VP for Garnier France then SVP for Garnier Worldwide, he led the internationalization of the Brand on its 3 categories, Haircare, Haircolor and Skincare. In 2002, he was named General Manager, Consumer Products Division in Brazil. In 2006, he became General manager Worldwide of Maybelline, the global leading make up brand and respositions it into more edginess and Newyorkness. In 2010, he is appointed General manager Worldwide of L’ Oréal Paris, the group number 1 brand and also number 1 global beauty brand and leads its teams during 7 years, reinforcing its image and leadership across its main markets, Europe, Americas and Asia. In January 2017 he joins the Luxe Division as deputy General manager Worldwide then as President in January 2019.

    Myriam Cohen‑Welgryn

    Myriam Cohen‑Welgryn

    President
    Dermatological Beauty

    Myriam Cohen-Welgryn, a French national, graduated from ESSEC before starting her career at Procter and Gamble as Brand Manager in 1989. She moved to PepsiCo in 1996 where she held various Marketing Director positions. She then joined Danone where she successfully led global brands and operational markets, and worked in various countries before becoming Environment Vice President, Nature General Manager in 2009. In this role, she was responsible for leading the environmental transformation of the Danone Group, putting environmental impact at the core of the business and brand strategies. In 2012, she joined Mars as President of Mars Petcare and Food France, a position she held for nearly 4 years. She was most recently Regional President of Pet Nutrition Europe at Mars. An experienced leader, Myriam Cohen-Welgryn has a very complete career in FMCG, including brand development, portfolio management, and operational business unit management at country and Zone level. She has spent a large part of her career internationally in four different countries and has a strong track record in accelerating the growth and profitability of the businesses she managed, whilst creating a great place to work and fostering the development of women in business. She is currently a member of the Board of Directors of LEAD, a network for the promotion of women in large companies and a published author, specialized in team engagement, business growth and diversity.

    Vianney Derville

    Vianney Derville

    President
    Europe Zone

    A Graduate of the Lyon Business School (EM Lyon), Vianney Derville joined L’Oréal in 1992 as Product Manager. In 1999 he became General Manager for the Consumer Products Division in Japan. In 2004 he was named Managing Director of L’Oréal Spain. In 2007, he took over the Asia Zone Consumer Products Division. Early 2009, he was appointed President of the L’Oréal Paris brand worldwide. From September 2010 to mid-2013, Vianney Derville was Managing Director of Western Europe for the Consumer Products Division, before being appointed Director of Global Markets for the same Division. One year later, he became President of Consumer Products Division, North America, based in New York. In September 2016, Vianney Derville became President Western Europe Zone and a member of the L’Oréal Executive Committee. In July 2021, following a new organization of the Zone structure, the Group combines the two Zones of Western Europe and Eastern Europe into a single Zone, headed by Vianney Derville.

    Asmita Dubey

    Asmita Dubey

    Chief Digital and Marketing Officer

    Asmita is an Indian national, with a background in economics and statistics. She began her career in the advertising industry, working in both India and China on campaigns for some of the world’s biggest FMCG brands. She joined L’Oréal in 2013, as Chief Marketing Officer for L’Oréal China, where she was responsible for laying the foundations for the Group’s e-commerce acceleration in China (including building the Group’s first joint-business partnerships with Alibaba and Tencent). She was appointed Chief Digital Officer for the Consumer Products division in 2017 and additionally in 2020 was named as Chief Media Officer for the L’Oréal Group. She has helped the Group and its brands maximise media value and ROI by focusing on the key digital growth drivers. Asmita joined the Group’s Executive Committee as Chief Digital and Marketing Officer in April 2021.

    Emmanuel Goulin

    Emmanuel Goulin

    President
    Travel Retail

    Graduated from HEC Paris, Emmanuel Goulin joined L’Oréal in 2000 as Product Manager for Lancôme in the United Kingdom. After successive marketing roles for Biotherm International, he joined the Travel Retail teams in Europe as Area Manager then in Asia Pacific as Brand General Manager before being appointed in 2010 Deputy General Manager Worldwide of Shu Uemura in Japan. In 2012, he was appointed General Manager Fragrances for L’Oréal Luxe in France and then in 2016 named Managing Director of Travel Retail APAC, based in Hong Kong. In 2021, Emmanuel came back to Europe as Deputy General Manager L’Oréal Italy, in charge of the Luxury Division, before becoming General Manager L’Oréal Italy in 2022. Since January 2024, he is President of Travel Retail and Member of the Executive Committee.

    David Greenberg

    David Greenberg

    President
    North America & Chief Executive Officer L’Oréal USA

    David Greenberg has spent more than 28 years at L'Oréal in leadership roles across markets, divisions, brands and functions. David began his career in marketing in 1993 at L’Oréal Paris, ultimately holding the position of Vice President of Marketing. From 1999 to 2003, David spearheaded the dramatic expansion of the L’Oréal Paris and Garnier brands in Mexico as head of the L’Oréal Mexico Consumer Products Division. David was named Worldwide General Manager of Matrix in 2003 and, in the span of two years, led the brand’s global rollout to strategic new markets such as Brazil, Russia, India and China.

    Widely respected for both his business acumen and his commitment to supporting and developing the people within the organization, in 2005 David was appointed Senior Vice President for Human Resources for L’Oréal USA and drove a transformation of the function. From 2008 to 2017, David served as US President of Maybelline and Garnier and led the integration of the Essie brand when it was acquired in 2010. From 2017 to 2022, David led the Professional Products Division in US and Canada and drove a major acceleration and business model transformation of the Division.

    In February 2022, David was appointed CEO of L’Oréal USA, President of the North America Zone, and a member of the Group’s Executive Committee, the first American to serve in these roles.

    David serves on the Board of the Personal Care Products Council (PCPC) and on the Industry Advisory Board of the Fashion Institute of Technology (FIT) School of Graduate Studies in Cosmetics & Fragrance Marketing & Management.

    David holds an MBA from New York University’s Stern School of Business and a BA from Lehigh University.
     

    Omar Hajeri

    Omar Hajeri

    President
    Professional Products

    Omar Hajeri is a French-Tunisian national, and graduate of EM Lyon Business School. He starts his career at L’Oréal in 2001, in marketing in the Professional Products Division for France where he discovered a passion for the company’s salon business.
    He took key international positions in Europe, notably as Managing Director for the Professional Products Division for the Netherlands in 2011, and for the UK in 2014.
    Since 2019, Omar Hajeri is steering the Division’s transformation to a digital and e-commerce growth driver for L’Oréal, as Western Europe Zone Director for L’Oréal’s Professional Products Division.
    In March 2021, he joins L'Oréal's Executive Committee as President of the Professional Products Division.

    Blanca Juti

    Blanca Juti

    Chief Corporate Affairs & Engagement Officer

    Blanca Juti, a joint Mexican-Finnish national, is an anthropologist by training, with a Ph.D. from Cambridge University, an MBA from the University of Dallas, and over 25 years’ experience working in consumer facing industries in the technology, entertainment and food & beverage sectors. She has a recognized track-record in marketing, brand-building and storytelling together with extensive expertise in all aspects of Communications & Public Affairs.
    After 5 years working as the Cultural Attaché for the Mexican Embassy in Finland, Blanca started her corporate career at Nokia in 1998. During her time with Nokia she held a variety of roles across the Communications, Public Affairs, Commercial and Marketing functions – and was eventually appointed to the role of Vice-President of Marketing, with responsibility for an 11€ billion mobile phone business. In 2013, Blanca took up the role of Chief Brand Officer at Rovio, gaining valuable experience in the gaming industry, before being appointed Chief Corporate Affairs Officer at the Heineken Group in 2016. In this role she had overall responsibility for leading the Group’s Communications, Public Affairs and Sustainability organisation. Reporting directly to the CEO, she was responsible for leading a large global team of 65 different nationalities, in this complex and highly-regulated industry.
    Blanca has a truly international profile, speaking multiple languages, with leadership experience in emerging markets (including Brazil, China and india), and has lived and worked in many different countries around the world.

    Jean-Claude Le Grand

    Jean-Claude Le Grand

    Chief Human Relations Officer

    Jean-Claude Le Grand has dedicated his entire career to Human Relations. He began as a consultant at “Entreprise & Personnel”, the network of companies dedicated to HR and then joined Olivetti as Human Relations Director for five years. Le Grand entered the L'Oréal Group in 1996 as HR Director for Garnier Laboratories. He then became HR Director for the Consumer Products Division in France, then Global HR Director for Cosmétique Active, the International dermoscosmetics Division. Driven by his passion for Talent sourcing and development, he was appointed as Global Director for Strategic Recruitment in 2002. As a strong believer in Diversity and Inclusion, he created the Diversity Department in 2007. That same year, he became Global Head of Human Relations for the Consumer Products Division. In 2012, he became Senior Vice-President for Talent Development while maintaining his role as Chief Diversity Officer. The same year he was decorated with the Award of “Chevalier de la Légion d’honneur”. On July 1st, 2018, Mr. Le Grand became Chief Human Relations Officer and member of the Executive committee.

    Fabrice Megarbane

    Fabrice Megarbane

    Chief Global Growth Officer

    Fabrice joined the Group in 2000, in the Professional Products Division in France and has since achieved a very successful track record. He was appointed General Manager of L'Oréal Lebanon in 2008, becoming the youngest Country General Manager at age 34.

    In a difficult market and in a complex environment, he demonstrated great qualities of vision, leadership, courage and commitment. Building on this success, Fabrice was promoted to CDP's Zone Director for ZAMO in 2011,

    In this region, which is important for the future of the Group, Fabrice once again demonstrated his strategic and operational qualities, which are reflected in the acceleration of our growth in these markets and in the development of new subsidiaries with a promising future.

    In 2015, Fabrice was appointed General Manager of L'Oréal Germany, one of the Group's largest subsidiaries. His new responsibility was once again crowned with great success. In this very competitive market, L'Oréal gained market share and strengthened its leadership.

    In 2019, Fabrice became the president and CEO of L'Oréal China and a member of the Executive Committee of the L’Oréal Group, which he leads with inspiration and write, with the Chinese teams, a new chapter of the tremendous development of this business, which plays a major role in the Group's future.

    In January 2021, following a new organization of geographic Zones, he becames President for North Asia Zone (which regroups Mainland China, Hong Kong, Taiwan, Japan, and South Korea), in addition to his current duties as CEO of L’Oréal China.

    During this time, Fabrice has taken our business in China to new heights, achieving record market share in this highly competitive and complex market.

    As Chief Global Growth Officer, Fabrice will be in charge of accelerating growth, leading transformation projects and animating the Group’s Zones.

    Alexis Perakis Valat

    Alexis Perakis-Valat

    President
    Consumer Products

    Alexis Perakis-Valat is a Franco-Greek HEC graduate who began his career with L'Oréal as Product Manager for L'Oréal Paris in 1995. After managing Garnier in Belgium, he went on to become General Manager of L'Oréal Paris in Spain, and in 2003, he became Managing Director of SoftSheen Carson in the US. From 2005 to 2008, he was General Manager of L'Oréal in Germany. In 2009, he returned to France as Managing Director for the Consumer Products Division in Europe. In September 2010, Alexis Perakis-Valat was appointed CEO of L'Oréal in China. In addition to this role, he became Executive Vice-President for the Asia Pacific Zone and a member of the L'Oréal Executive Committee in July 2013. On September 1st, 2016 he was appointed President of the Consumer Products Division.

    Ersi Pirishi

    Ersi Pirishi

    President
    Latin America Zone

    Ersi Pirishi is a French-Cypriot national, a graduate of the Pharmacy School of the University of Paris XI and holds a Post Graduate Diploma in Skin Biology and Cosmetology from the same university.

    She joined L’Oreal in 2001 after 10 years in the cosmetic industry, first in LVMH and then Johnson & Johnson.

    She started her 20-year career in L’Oreal as International Development Manager of LRP for Latin America, before she moved to Brazil as General Manager of Vichy.

    She returned to Europe in 2004 and held key positions such as General Manager of the Active Cosmetics Division in the Netherlands, General Manager of LRP in France, General Manager of the Active Cosmetics Division in Spain in 2009 and in France in 2011. In 2013, Ersi Pirishi moved to New York as Active Cosmetics Zone Director in charge of North and Latin America.

    In 2015 she is appointed General Manager of L’Oreal Greece. Back to France, in 2018 Ersi joined the Active Cosmetics International Division as Deputy General Manager worldwide, first in charge of Western Europe and as of 2020 of all markets.

    In 2021, Ersi joined the L’Oreal Executive Committee assuming the management of the Latin American zone.

    Vismay Sharma

    Vismay Sharma

    President
    South Asia Pacific, Middle East, North Africa Zones

    Born and raised in India, Vismay holds a degree in computer engineering from the University of Poona and completed his MBA at the Symbiosis Institute of Business Management. He joined L’Oréal India when the subsidiary was established in 1994. Following commercial roles in the Consumer Products Division, he moved to the Professional Products Division.
    In 1999, Vismay moved to the UK as Hair Color Product Manager at L’Oréal Professionnel. A year later, he returned to India to take up the position of Country Division General Manager of the Professional Products Division.
    In 2006, Vismay moved to Paris to join the International Marketing team of L’Oréal Paris, followed by an assignment as Country Division General Manager of the Consumer Products Division in India. In 2012, he was appointed Country Managing Director of L’Oréal Indonesia, and in 2016 became Country Managing Director of L’Oréal UK and Ireland, the group’s fourth-largest subsidiary by market size.
    In 2021, Vismay joined the L’Oréal Executive Committee as he assumes management of the South Asia, Pacific, Middle East, and North Africa (SAPMENA) zone.

    Antoine Vanlaeys

    Antoine Vanlaeys

    Chief Operations Officer

    Antoine Vanlaeys is Chief Operations Officer and member of the Executive Committee. He leads the entire supply chain of all L’Oréal Group, worldwide – from packaging design and product development, purchasing, manufacturing, and market logistics operations (more than 6 billion products). Antoine, along with his teams, implements winning Supply strategies and is leading Operations’ major transformations including e-commerce acceleration, Industry 4.0 and sustainability.
    Prior to this, Antoine was Senior Vice President Operations for the Asia Pacific region during 5 years. In his tenure, he enabled together with his teams the rapid growth of the Group in the region, and particularly the acceleration of e-commerce in China. Antoine is passionate about leading Operations transformations, driving excellence through people and technology. Previously, he has enjoyed a rich career path, holding various senior management positions in Operations.
    In 2011, he was appointed Senior Vice President Operations of L’Oréal Luxe, where he led the industrial transformation to support the growth of the luxury brands. In 2008 he was appointed Supply Chain Director Europe for the Consumer goods Division, and in 2006 he was Plant Manager in Aulnay-sous-Bois (France).
    Antoine joined L’Oréal Group in 2002, after a 10-year experience at Mars, where he headed different important responsibilities in France and overseas, in manufacturing and supply chain. As an Engineer, he graduated from ICAM (Mechanical Engineering school), in France.

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