L’Oréal regroups geographic zones and puts an Indian on its global executive committee for the first time

Bengaluru: French beauty giant L’Oréal, that backs brands Maybelline and Garnier, has regrouped some of its geographical zones and announced a leadership change in its South Asia Pacific, North Asia and Africa units which puts an Indian on the personal care company’s global executive committee for the first time.

Vismay Sharma, who has been appointed to head the newly-created SAPMENA (South Asia Pacific, Middle East and North Africa) zone is the first Indian to be nominated to the company’s global executive committee and will chair the office in Singapore, with effect from January 1, 2021. He will report to the company’s global chairman and CEO Jean Paul-Agon and will leave his current role as CEO of L’Oréal UK & Ireland on November 16.

Sharma joined the Indian unit of L’Oréal in 1994, where he led consumer products and professional products divisions. In 2012, he was appointed chief executive for L’Oréal Indonesia. Since 2016, he has been the CEO for L’Oréal UK and Ireland.

L’Oréal, that sells cosmetics, skin and hair care products, decided to regroup some of its geographical zones based on consumer behavior and market maturity to enable growth. This move comes following the departure of Jochen Zaumseil, president of the APAC Zone, who has announced his request to retire on January 1, 2021 after 37 years of service.

With this, the North Asia zone will regroup Mainland China, Hong Kong, Taiwan, Japan and South Korea. A new sub-Saharan Africa zone has been formed as well.

The company also announced the creation of a new position of Chief Global Growth Officer to which all zone presidents as well as the travel retail business will report to. Frédéric Roze, currently president of the Americas Zone and member of the executive committee, was elevated to this role.

“This new organization will allow us to respond even better to the diversity of our consumers and their expectations, by providing them with products and services adapted to their local realities, wherever they are,” said Jean-Paul Agon, global chairman and CEO of L’Oréal, in a statement to the press. He added that APAC zone has grown by 70% over the last four years.

L’Oréal is present across distribution networks such as mass market, department stores, pharmacies and drugstores, hair salons, travel retail, branded retail and e-commerce.

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