L’Oréal appoints Boinay, Palt and Megarbane to executive committee 

Vincent Boinay

L’Oréal has appointed Vincent Boinay, general manager for travel retail worldwide, and Alexandra Palt, chief corporate responsibility officer and executive vice president of the Fondation L’Oréal, to its executive committee, effective September.

The group also said that Fabrice Megarbane president of L’Oréal China joined the executive committee on July 1.

Boinay’s appointment highlights the importance of the travel-retail channel to the group. “Travel retail is one of the most dynamic drivers of L’Oréal’s business. The remarkable growth in number of travelers coupled with the rise of middle classes and democratization of travel, combined with the emergence of shopping centers in airports, cruise ships, and duty‐free shops in cities, have made travel retail a very significant player of the beauty industry,” the group said in a statement.

L’Oréal said that the appointment of Palt reinforces the group’s ambition to be what it calls an environmental leader.

Fabrice Megarbane was appointed president of L’Oréal China this year. He succeeds Stéphane Rinderknech, who will be given what the group calls new and important responsibilities.