L’Oreal Names Insider Nicolas Hieronimus as Only Its Sixth CEO Ever
- Head of research Barbara Lavernos to become deputy CEO
- Jean-Paul Agon to remain chairman to ensure continuity
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L’Oreal SA elevated veteran Nicolas Hieronimus to chief executive officer, relying on a consummate insider to lead it beyond the perils of the coronavirus pandemic.
Hieronimus, a 33-year L’Oreal veteran and currently deputy CEO, will take over on May 1, the company announced Wednesday. Current chief Jean-Paul Agon, who turns 65 in July, will stay on as chairman. Barbara Lavernos, 52, will become deputy CEO.