Leadership & Pay ·
Coty Inc. announced a planned Chief Financial Officer succession effective September 1, 2026
COTYCoty Inc.
Coty Inc. announced a planned Chief Financial Officer succession effective September 1, 2026. Soraya Benchikh succeeds Laurent Mercier as CFO and principal financial officer. Benchikh brings over two decades of experience from British American Tobacco, Diageo, General Electric, and Gillette. Her compensation includes an annual base salary of €1,165,000, a target bonus of 150% of base salary, a $2.5 million sign-on RSU award, 1.5 million stock options, and a €860,000 sign-on bonus payable in September 2027. Concurrently, the Board approved increased compensation for Executive Chairman and Interim CEO Markus Strobel, raising his base salary to $1,600,000 and target bonus to 170% of base salary with a $3 million annual equity grant. Chief Legal Officer Kristin Blazewicz received a $1,275,000 bonus payable in two installments. Coty is a global leader in beauty products spanning fragrance, color cosmetics, and skin and body care.