L’Oréal makes key executive committee appointments


L’Oréal has made a number of new appointments to its executive committee and created a new role of Deputy CEO in Charge of Divisions for L’Oréal China.

The group has appointed Fabrice Megarbane as Chief Global Growth Officer, succeeding Frédéric Rozé, who will retire at the beginning of next year, after 38 years with the group.

Megarbane, who joined L’Oréal in 2000, has been CEO of L’Oréal China since 2019, and President of the North Asia Zone since 2021.

As Chief Global Growth Officer, he will be in charge of leading transformation projects and animating the Group’s zones. L’Oréal CEO Nicolas Hieronimus said that the group’s business in China has doubled in sales and seen record market share under Megarbane’s leadership.

Vincent Boinay will succeed Megarbane as President of the North Asia Zone and CEO of L’Oréal China. Boinay, who joined L’Oréal in 1992, is General Manager for Travel Retail Worldwide.

Hieronimus said that Boinay made travel retail a major contributor to L’Oréal’s growth and bottom line.

Boinay will move to Shanghai and take on the role at the beginning of February.

The group said that in light of the increased complexity of the Chinese market, it has named Laurence Ma to the newly created role of Deputy CEO in Charge of Divisions – L’Oréal China. Ma is currently General Manager of L’Oréal Luxe China.

The group has also appointed Emmanuel Goulin as President of Travel Retail, succeeding Boinay. Goulin will join the group’s Executive Committee.

Goulin is currently General Manager of L’Oréal Italy. He joined the group in 2000, and in 2016 was appointed Managing Director Travel Retail – Asia Pacific Zone. Under his leadership, sales tripled in five years.

The appointments will go into force in the first quarter of 2024.