L'Oréal S.A. announced the Christophe Babule is appointed Executive Vice-President, Chief Financial Officer and member of L'Oréal's Executive Committee as of mid-February 2019. He succeeds Christian Mulliez who after 17 years as Executive Vice-President, Chief Financial Officer, and 36 years in the Group, has expressed his desire to take a step back from his professional activity for personal reasons. Christian Mulliez will accompany Christophe Babule in his new role until he leaves L'Oréal end- April 2019, and will handover his operational responsibilities to Christophe Babule after the annual financial analysts meeting in February 2019.

Christophe Babule will report directly to Jean-Paul Agon, Chairman and Chief Executive Officer. Christophe has spent his career with L'Oréal, which he joined in 1988 after his studies at HEC Paris. He spent 7 years in the Luxury Division in Italy before moving to Asia, first based in France for the zone, and subsequently as Director of Administration & Finance based in China.

Cyril Chapuy is appointed President L'Oréal Luxe and member of the Group's Executive Committee as of 1 January 2019. He will succeed Nicolas Hieronimus appointed Deputy CEO in charge of Divisions on 20 April 2017. Cyril Chapuy will report to Nicolas Hieronimus.

After joining L'OréalParis as Product Manager in 1993, Cyril Chapuy led an international career. Starting at LaScad and then becoming head of Marketing of Gemey Maybelline France, he was appointed General Manager of the Consumer Products Division in Brazil. From 2005 to 2010, he was President of Maybelline in New York and then took up the same role for L'Oréal Paris, the Group's leading brand.

In 2017 he was appointed Deputy General Manager L'Oréal Luxe, in charge of International Brands.