Coty Inc. announced that Markus Strobel will become Interim Chief Executive Officer, effective January 1, 2026. Strobel joins Coty after a distinguished 33-year career at Procter & Gamble, where he most recently served as President of P&G?s Global Skin & Personal Care business that included a multi-billion-dollar portfolio of more than 12 global brands. He is widely recognized for driving category and organizational transformation across P&G Beauty and for revitalizing SK-II into a leading prestige skincare brand in Asia.
During his tenure, Strobel held senior roles across Beauty & Grooming spanning fine fragrance, hair care, and grooming. This included leading prestige brands like Gucci, Dolce & Gabbana, Valentino and Hugo Boss as part of his fragrance assignment. He spearheaded modernization of innovation, product supply, marketing and go-to-market strategies, and operating capabilities across North America, Greater China, Japan, Korea and Europe for his businesses.
Strobel succeeds Sue Nabi, who will step down as Chief Executive Officer following a five-year tenure. Nabi oversaw the launch of several blockbuster fragrances, including Burberry Goddess, and materially reduced Coty?s financial net leverage to ~3x.
