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Birthday : 07/06/1956
Country of residence : Unknown
Linked companies : L'Oréal S.A. - L'Air Liquide S.A.
Biography : Jean-Paul Agon is a French businessperson who has been at the helm of 7 different companies and occu

L'Oreal: Nicolas Hieronimus to Succeed Jean-Paul Agon as CEO

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10/14/2020 | 12:36pm EDT

By Giulia Petroni

L'Oreal SA said Wednesday that Nicolas Hieronimus would succeed Jean-Paul Agon as chief executive effective May 1, 2021.

"As the company's articles of association do not provide for any exception to the legal retirement age of 65 years, Jean-Paul Agon must hand over his duties as chief executive officer before July 2021," it said.

The French cosmetics and consumer-products company said the board plans to renew Mr. Agon's mandate as chairman, a position he's held since 2011.

It added that it would appoint Barbara Lavernos, who will lead research, innovation, technology from February 2021, as deputy CEO on May 1, 2021.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

10-14-20 1235ET

Stocks mentioned in the article
ChangeLast1st jan.
L'ORÉAL -0.07% 290.6 Real-time Quote.9.28%
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