As Coty looks to turn around its fortunes, it has tapped five new board members.

The new directors are Carsten Fischer, former president of Rea.deeming Beauty; Alia Gogi, former president of Asia at Sephora; Robert Kunze-Concewitz, former Campari Group chief executive officer; Maria Carla Liuni, chief brand officer at Ferrari, and Stephanie Plaines, most recently global chief financial officer of Jones Lang LaSalle.

Kunze-Concewitz will serve as chair of the board’s remuneration committee and has also been named as the board’s new lead independent director, while Plaines will serve as chair of the board’s audit and finance committee.

“This board refreshment marks a defining step in Coty’s strategic evolution,” said Markus Strobel, executive chairman of the board and interim CEO. “We are pleased to welcome an exceptional group of leaders whose experience spans some of the world’s most respected beauty, luxury and consumer companies. At a time when both the beauty market and Coty are rapidly transforming, these directors bring valuable new perspectives alongside proven expertise in prestige fragrance, global brand building, portfolio transformation and financial discipline. Together with our existing board, they will further sharpen our strategic focus, strengthen execution and drive sustainable value for our shareholders.”

Current directors Strobel, Joachim Creus, Frank Engelen and Patricia Capel will remain on the board. Following his appointment to serve as president of consumer beauty at Coty, Gordon von Bretten has decided to step down from its board. Beatrice Ballini, Isabelle Parize and Anna Adeola Makanju have resigned from the board effective immediately, while Robert (Bob) Singer has resigned from the board effective June 30.

“I want to thank Bob, Beatrice, Isabelle, Anna, and Gordon for their service and contributions as directors of the board during a period of significant change for Coty,” added Strobel. “Their counsel and partnership have been valuable as we strengthened the company’s financial position and advanced our strategic priorities.”

Strobel took over the top job at Coty from Sue Nabi at the end of last year and in February presented his new strategy, Coty Curated, detailing a plan for sharper priorities, more focused investments, improved execution, and increased support behind its core businesses. 

“It’s very clear to me that Coty has many top-notch assets and competitive advantages: highly attractive brands, best-in-class fragrance innovation capabilities, a vertically integrated business model, and a creative, entrepreneurial organization,” said Strobel in February. “At the same time, our financial performance over the past year-and-a-half has been disappointing, and our current share price reflects that reality. Both things are true: Coty has outstanding assets and capabilities, yet we have not been delivering at the level we should.”

For the second quarter of fiscal year 2026, ended Dec. 31, Coty’s net revenue was $1.7 billion, up 1 percent from a year earlier. It reported a net loss of $126.9 million compared to net income of $20.4 million in the prior year. Adjusted earnings per share was 14 cents, improved from 11 cents in the year earlier.