Coty appoints Mette Engell as its new Senior Vice President for Global Travel Retail
Engell is expected to focus on expanding the company’s global reach.
USA – Coty, an American multinational beauty company, has nominated Mette Engell as its new Senior Vice President, Global Travel Retail.
In her new role, Engell is expected to expand Coty’s global footprint and enhance the travel retail experience for beauty consumers worldwide.
Engell will will take over the role from Guilhem Souche, who had held the role since September 2022 and is now seeking new opportunities in Europe or the Middle East.
Coty spokesperson stated, “With more than 30 years’ experience in the beauty industry, Mette has brought a strategic vision to Coty since joining in 2016.”
“In her new role, Mette’s leadership will be essential to expanding our global footprint and elevating the travel retail experience for beauty lovers worldwide.”
Engell has been with Coty for nearly nine years, previously serving as Senior Vice President of Europe A and holding leadership roles in Australia & New Zealand.
Before joining Coty, she spent over 20 years in senior positions at Parfums Christian Dior.
Recently, Coty has announced that Nicolas Fischer, who has successfully led its Latin America (LATAM) region, will now take on an expanded role as Executive Vice President (EVP) for Latin America, South & Sub-Saharan Africa.
Fischer will oversee the company’s operations across those regions.
Fischer has been with Coty for several years, previously serving as Managing Director for Brazil since 2020.
Meanwhile, the company recently launched the next phase of its transformative “All-in to Win” program, aimed at enhancing agility, scalability, and operational efficiency.
The program is designed to adapt to the evolving beauty industry landscape, characterized by the rise of e-commerce, retail consolidation, and new consumer behaviours.
This phase builds on the success of earlier efforts, which delivered over $700 million in savings between FY21 and FY24, alongside significant improvements in gross margins, brand reinvestment, and EBITDA margins.
Coty’s “All-in to Win” program focuses on streamlining operations, centralizing support functions, prioritizing impactful innovations, and optimizing costs to drive efficiency and growth.
This phase is expected to generate approximately USD 130 million in annual fixed cost savings over the next two years, with cumulative savings from the program projected to reach USD 1.2 billion since its inception.
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