New CEO of Wella Company Appointed

by | Oct 21, 2020

Investment firm KKR has named Annie Young-Scrivner as the new Chief Executive Officer (CEO) of the Wella Company.

Following KKR’s acquistion of Wella Company from Coty, Annie Young-Scrivner has been announced as the new CEO. Wella distributes a number of brands including Wella Professionals, Clairol, OPI, Nioxin, and ghd.

 

We are thrilled that Annie will bring her tremendous passion for the consumer sector, her commitment to diverse and inclusive organizations, and her proven track record of building the value of consumer brands and businesses to the newly formed Wella Company,

– Tim Franks, Partner at KKR and Head of Consumer & Retail in its European Private Equity business.

 

Premium Beauty News reports that: “current President of Coty’s Professional and Retail Hair businesses, Sylvie Moreau, will remain in her role until the transaction between KKR and Coty closes”.

 

Once the transaction closes, Wella will operate as a separate company with its own management team and operational structures. KKR will own 60% of the Company and Coty will own the remaining 40%.

 

Latest posts:

How to trade in China, according to beauty trading experts

How to trade in China, according to beauty trading experts

UK success stories in the Chinese market feel novel. Take British brand's Vitabiotics expansion which has seen 30-40% year on year growth in the market since 2015, or, Argentum Apothecary's launch into China Duty Free just a year after making the jump. BeautyMatter is...

How much filler did Alice Hart-Davis’ MRI reveal?

How much filler did Alice Hart-Davis’ MRI reveal?

Originally published by Alice Hart-Davis, founder of The Tweakments Guide and member of the Council's Policy Committee, this article explores how long dermal fillers really last in the face. Alice says herself: 'Just how long can temporary dermal fillers last in the...

THE NEWS YOU NEED TO KNOW

Stay on top of what's happening across the British beauty industry with our weekly news updates, delivered straight to your inbox.

Thanks for subscribing to receive news updates from the British Beauty Council.

Pin It on Pinterest

Share this on social: