Coty Announces Chief Transformation Officer’s Departure and Board Role

Coty (COTY) has released an update to notify the public and investors about its officers.

Coty Inc. has entered a separation agreement with Gordon von Bretten, its Chief Transformation Officer since June 2020. Von Bretten will serve until March 31, 2024, receiving his usual pay and benefits, a severance of EUR 325,000, and a prorated vesting of equity awards. Additionally, von Bretten will join the Company’s Board of Directors from April 1, 2024, until the annual meeting later that year, with no undisclosed arrangements influencing his appointment.

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For a comprehensive understanding of the announcement, you can read the full document here.