Coty has added five independent directors to its board, naming Carsten Fischer, Alia Gogi, Robert Kunze-Concewitz, Maria Carla Liuni and Stephanie Plaines. Kunze-Concewitz will serve as lead independent director and chair the remuneration committee, while Plaines will chair the audit and finance committee, as several long-standing members resign.

The Consumer Beauty segment saw sales declines and contracting margins across both the U.S. and European markets, underscoring ongoing operational challenges. This underperformance raises questions about the timing and impact of the Coty Curated strategy unveiled in February to sharpen priorities, improve execution and bolster core business support.