Coty Chief Global Supply Officer Luc Volatier is retiring as part of changes in the company’s supply chain to support its larger turnaround plan.
The company also is disassociating the procurement function and supply operations from each other in its supply chain but also reinforcing them. For the time being, procurement will be led by Gianluca Colombo, chief procurement officer, and supply operations will be led by Jean-Claude Thomas, senior vice president, luxury supply.
Colombo and Thomas will report directly to Coty CEO Pierre Laubies and sit at the company’s executive committee.
The company has implemented action plans and is focusing on key value creation objectives after:
- An initial phase focused on stabilizing the supply chain
- Implementing necessary and immediate corrections with respect to the company’s 2018 challenges
- Assessing strengths and weaknesses of the function
- Designing the roadmap of its evolution as part of its turnaround plan
“Reducing complexity and costs will drive operational leadership and unlock opportunities for reinvestment and profit expansion,” Laubies said in a media release. “We thank [Volatier] and wish him the best in his future endeavours. He has made a significant contribution to Coty during his time as chief global supply officer. His leadership was important in implementing the immediate necessary corrections with respect to our 2018 supply chain challenge, and assess the actions necessary to the turnaround.”