L’Oréal has announced several appointments to its Executive Committee, including Alexandra Palt, Chief Corporate Responsibility Officer and Executive Vice President of the Fondation L’Oréal, and Vincent Boinay, General Manager for Travel Retail Worldwide, effective 1 September.

 

The beauty giant appointed Fabrice Megarbane, President L’Oréal China, on 1 July.

 

A lawyer by training, Palt began her career at a law firm and then joined Amnesty International in Germany. In 2006, she joined HALDE (French Equal Opportunities and Anti- Discrimination Commission) as Director, Promotion of Equality.

 

She subsequently founded a strategic consultancy firm specializing in sustainability. In 2012, she joined L’Oréal as Chief Sustainability Officer, and launched L’Oréal’s sustainability program Sharing Beauty With All.

 

In 2017, she was appointed Executive Vice President of the Fondation L’Oréal in addition to her role as head of the Sustainability Department.

 

DYNAMIC IN TRAVEL RETAIL

Vincent Boinay joined L’Oréal Luxe in 1992 and held several positions within travel retail. In 2000, he was appointed Director International Development for Lancôme, and in 2004 General Manager for Biotherm/Cacharel in France.

 

In 2007, he was appointed Vice President in charge of L’Oréal Luxe in Japan. In 2012, he became General Manager International Retail L’Oréal Luxe and headed the Retail Excellence worldwide program.

 

In 2014, he was appointed General Manager for Travel Retail Worldwide.

 

As the beauty giant has made clear in recent year, travel retail is one of the most dynamic drivers of its business.

 

MEGARBANE SUCCEEDS RINDERKNECH

“The remarkable growth in number of travellers, coupled with the rise of middle classes and democratisation of travel, combined with the emergence of shopping centers in airports, cruise ships, and duty free shops in cities, have made travel retail a very significant player of the beauty industry,” says L’Oréal.

 

In 2000, Megarbane joined L’Oréal’s Professional Products Division in France. In 2008, he was appointed General Manager of L’Oréal Lebanon. In 2011, he became Director Consumer Products Division for the Africa Middle-East zone.

 

In 2015, he was appointed General Manager of L’Oréal Germany, and President L’Oréal China in 2019.

 

Megarbane succeeds Stéphane Rinderknech who will be entrusted with new and important responsibilities within L’Oréal. Under his leadership, L’Oréal China has become a key lever for the growth of the Group.