Coty announced that Markus Strobel will become Executive Chairman of the Board and Interim Chief Executive Officer, effective January 1, 2026.

As Executive Chairman and Interim CEO, Strobel will lead Coty at a pivotal moment for the company. 

With a strategic review of the Consumer Beauty business underway, and the full support of the Board, Strobel sees a significant opportunity to reinforce Coty’s leadership in beauty and unlock multiple avenues for profitable growth and expansion.

Strobel succeeds Peter Harf, who will retire from Coty’s Board after more than three decades of service, and Sue Nabi, who will step down as Chief Executive Officer following a five-year tenure. 

Strobel commented, 

“I am delighted to join Coty at this important juncture. Building on Coty’s strong foundations, I see tremendous potential to accelerate growth, strengthen our position in prestige and mass beauty, and deliver sustainable value for shareholders, partners, and consumers worldwide.”

Strobel joins Coty after a 33-year career at Procter & Gamble, where he most recently served as President of P&G’s Global Skin & Personal Care business.

He is recognized for driving category and organizational transformation across P&G Beauty and for revitalizing SK-II in Asia. 

During his tenure, Strobel held senior roles across Beauty & Grooming, spanning fine fragrance, hair care, and grooming. This included leading prestige brands like Gucci, Dolce & Gabbana, Valentino, and Hugo Boss as part of his fragrance assignment. 

He spearheaded the modernization of innovation, product supply, marketing, and go-to-market strategies, and operating capabilities across North America, Greater China, Japan, Korea, and Europe for his businesses.

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