Pursuits

L'Oreal Reshuffle Sets Up CEO Succession Race as Stars Collide

  • Perakis-Valat and Hieronimus top candidates to replace Agon
  • Sales at consumer division accelerating while luxury slows
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The race is on to succeed Jean-Paul Agon as CEO of L’Oreal SA.

When Alexis Perakis-Valat replaces Marc Menesguen in September as head of the company’s consumer-products division, it will ignite a potential two-man contest to replace the 59-year-old boss.