THE WHAT? Coty has announced the appointment of Lubomira Rochet to its Board of Directors, effective immediately. Today's appointment increases female representation on Coty's Board of Directors to 50 percent and the total number of directors to twelve. Coty's five-member Executive Committee, led by CEO Sue Y. Nabi, already holds female-majority. THE DETAILS A Partner at JAB Holding Company, Rochet brings more than 20 years of experience in business and digital transformation. She notably held the role of Chief Digital Officer at L'Oréal between 2014 and 2021. THE WHY? Sue Y. Nabi, Coty's CEO, commented, "We are delighted to welcome Lubomira to our board of directors. Her deep industry experience and extensive track record of driving digital transformation will be an invaluable asset as we enhance our omnichannel approach.