In yet another rapid succession in Coty’s top leadership this year, Sue Y. Nabi, a global beauty industry entrepreneur—and the youngest president in L’Oréal’s history—will become CEO of Coty in September. Peter Harf, who most recently assumed the company’s CEO role last month, and known as “the founder of the modern Coty,” now assumes the title of Executive Chairman. He will work closely with Nabi to lead Coty’s transformation.
 
According to Coty, Nabi is “a recognized global innovator and beauty industry entrepreneur”—and the founder and CEO of the new-age luxury skincare line, Orveda. Previously, she served as worldwide president of both L’Oréal, and Lancôme, during her 20-year tenure at L’Oréal.
 
Harf commented: “Sue is renowned as a visionary and ongoing game-changer whose outstanding creativity is celebrated in the beauty industry. I am proud that she now wants to bring her unique sense of inspiration to Coty.”
 
“Peter and Coty’s leadership have laid the groundwork to revitalize an iconic beauty business,” said Nabi. “I’ve been following their progress avidly and am inspired and energized by the opportunity to proudly lead the global Coty team into the future as we build the new, more modern Coty.”
 
After having championed the diversity of beauty and beauty marketing in L’Oréal where Nabi helped boost the growth of its makeup brands, she was then named the youngest President in the company’s history. She followed that success with her revival of Lancôme including “breakthrough product and brand successes which resulted in double-digit growth in makeup and skincare.”
 
Nabi also introduced “revolutionary campaigns for cosmetics and skincare appealing to a wider, more global demographic.” A facility to build and manage diverse, multi-functional global teams was a hallmark of Nabi’s success, according to a press release. She resigned from L’Oréal in 2013 and began a new life in London. A shift in lifestyle and a personal health journey inspired the launch, along with co-founder Nicholas Vu in 2017, of the breakthrough clean, vegan, ultra-luxury skincare brand, Orveda.