L’Oreal CEO Says Internal Candidate Will Succeed Him Next Year

Jean-Paul Agon

Photographer: Christophe Morin/Bloomberg
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Cosmetics giant L’Oreal SA is set to pick an internal successor this fall for Chief Executive Officer Jean-Paul Agon.

A governance and nomination committee is set to recommend a candidate to L’Oreal’s board, and an announcement should follow around that same time, Agon said Tuesday during the company’s annual meeting. The transition to the future pick will happen next year, he said.