Puig appoints Jose Manuel Albesa as CEO, Marc Puig named Executive Chairman
The separation of the roles of Executive Chairman and Chief Executive Officer is fully aligned with the highest standards of best practice for listed companies.
SPAIN – Puig, a leading Spanish beauty and fashion conglomerate, has announced a key leadership transition to sharpen its strategic direction and strengthen its mergers and acquisitions efforts.
Effective immediately, José Manuel Albesa has been named the sole Chief Executive Officer, while Marc Puig shifts from his dual role as Chairman and CEO to Executive Chairman.
Marc Puig will partner closely with Albesa to unify the company’s long-term vision and prioritize M&A activities, aligning with governance standards for major listed firms following Puig’s 2024 IPO.
Puig will also oversee major appointments across its portfolio, spanning luxury brands like Charlotte Tilbury, Carolina Herrera, Rabanne, Jean Paul Gaultier, Byredo, Dries Van Noten, and Dr. Barbara Sturm, and safeguard the family-owned company’s culture and values.
This separation of Chairman and CEO roles marks a new governance chapter, building on a strategic board review.
Albesa, a Puig veteran since 1998, brings over two decades of experience in brand development, marketing, operations, and global expansion of its fragrance and fashion lines.
Most recently serving as Deputy CEO and President of Beauty and Fashion, he has driven key international growth initiatives.
Marc Puig praised Albesa’s deep brand knowledge, leadership, and vision as ideal for steering the company forward.
Marc stated, “This is an exciting time in Puig’s evolution, building on very strong foundations and growth to set the platform for the next stage of our development.”
“With this important announcement, the Board of Puig opens a new chapter in the company’s governance.”
The board simultaneously appointed Miquel Àngel Serra as the new Chief Financial Officer, succeeding Joan Albiol, who joined in 2009 and will stay on as board secretary.
This reshuffle positions Puig for its next growth phase amid ongoing market expansion.
Meanwhile, Puig outpaced the beauty market with a strong performance in the first half of 2025, posting net revenues of €2.23 billion(USD 2.61 billion).
This represents a 7.6% increase on a like-for-like basis and a 5.9% rise on a reported basis.
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