L’Oréal appoints new CEO after 15 years

According to an article by WWD, L’Oréal this week held its Annual General Meeting, which marked two momentous occasions: shareholders voted in Nicolas Hieronimus as the company’s new CEO, and it was the last AGM held by Jean-Paul Agon, the group’s CEO of the past 15 years.

During the virtual meeting, it was revealed that 99.21% of shareholders voted in favour of Hieronimus joining the Group’s board of directors, making him L’Oréal’s sixth CEO in 112 years.

“I’m very confident at a time that I entrust to Nicolas Hieronimus the task of writing the next chapter of the great history of L’Oréal as of the first of May. His track record in the company was a standard-setter, and gives him full legitimacy,” Agon said, praising Hieronimus’s combined sensitivity to the needs and expectations of consumers, clear understanding of current trends, a passion for marketing, innovation and an obsession for excellence.

“Lastly, and it’s key, he is a great team captain, an inspiring leader possessed of great energy for all these reasons. I’m firmly convinced that he’s the best man to head your company. In the years to come, he will lead L’Oréal to new heights in full continuity with our strategy and values, whilst reinventing the group and adapting it to the great challenges of the world.”

Hieronimus joined the L’Oréal Group 33 years ago and has spent his entire career with the company, across many different countries and divisions. He was previously Deputy CEO in charge of Divisions since 2017.

Image source: WWD.