Nutrafol moves into ‘next chapter of growth’: Giorgos Tsetis steps into Chairman role as Cindy Gustafson becomes CEO
Nutrafol is undergoing a leadership transition as it enters its “next chapter of growth.” Founder Giorgos Tsetis, who has led the company since its inception in 2016, will step into the role of Nutrafol Chairman and Strategic Advisor to Unilever Wellbeing starting January 1, 2025. Cindy Gustafson, currently serving as Nutrafol’s Chief Marketing Officer, will succeed Tsetis as CEO.
Under Tsetis’ leadership, Nutrafol has redefined the hair wellness space, destigmatizing hair thinning through a clinically-backed, whole-body approach. According to the company’s press announcement, the brand has achieved remarkable growth metrics since its acquisition by Unilever for approximately $1.2 billion in 2021.
In the past two years alone, Nutrafol has tripled its growth, with 2023 showing 40% year-over-year (YoY) revenue increases and a 70% increase in profit dollars, and consumer interest has surged, evidenced by a 76% YoY rise in direct traffic to Nutrafol.com.
Cindy Gustafson brings extensive experience to her new role, including over two decades of marketing leadership for global brands, such as her tenure as Global CMO at WW International (formerly Weight Watchers). The release reported that her leadership is poised to continue Nutrafol’s mission of providing innovative, holistic solutions for hair health.
Andrew Stanleick joins Kenvue to lead ‘strategic direction of iconic portfolio of brands’
Kenvue Inc. has appointed Andrew Stanleick as President of Skin Health & Beauty for North America, Europe, the Middle East, and Africa. In his new role, Stanleick will oversee the strategic direction of Kenvue’s renowned brands, including Neutrogena, Aveeno, and OGX, in these critical markets.
“Andrew brings a proven track record of success and deep industry knowledge to strengthen the growth trajectory of our Skin Health & Beauty segment in key markets,” said Charmaine England, Chief Growth Officer at Kenvue, in a media statement.
Stanleick expressed enthusiasm for his new role, stating, “I look forward to helping these brands reach more consumers in new ways in 2025 and beyond.”
Stanleick joins Kenvue with more than 20 years of experience driving profitable growth and transformation in the beauty and skin health sectors. Most recently, he served as President and CEO of BeautyHealth Company, where he led the company to profitability within a year, achieving over 50% revenue growth and expanding its global presence.
His previous roles include executive leadership at Coty, Coach Inc., Unilever, and L’Oréal, where he spearheaded successful brand turnarounds and category innovations.
Viral skin care brand Dieux welcomes Ryan Scott as CEO to ‘challenge the beauty industry’s norms’ and drive growth
In October 2024, Dieux appointed Ryan Scott as its new Chief Executive Officer. Scott, formerly the President and Chief People Officer at Tatcha, brings over 20 years of beauty industry expertise to his role to guide Dieux’s next phase of growth while staying true to its mission of innovation and accountability.
“Ryan’s deep understanding of cross-functional collaboration between innovation, commercial, and creative teams is a perfect fit as we move into our next chapter of growth,” said Dieux co-founder Charlotte Palermino in a media statement. As a result of the new appointment, Palermino has since transitioned to the role of Chief Brand Officer.
Under Scott’s leadership, the brand plans to scale operations while fostering community engagement and maintaining its strong emotional connection with consumers.
Scott’s approach emphasizes innovation as the primary driver of product development, with commercial considerations as a complementary factor. “This approach will help us stay ahead of trends, creating them rather than simply reacting to them,” Scott noted in the company’s press announcement.
Co-founder Joyce de Lemos echoed Palermino’s excitement for Scott’s appointment in the same release, highlighting the shared vision of blending science and creativity to grow the brand and introduce cutting-edge skin care solutions.
IFF appoints Michael DeVeau as Chief Financial Officer: ‘We could not be more pleased than naming Mike as our CFO,’ said CEO Erik Fyrwald
IFF has announced the appointment of Michael DeVeau as Executive Vice President and Chief Financial Officer, effective January 1, 2025. DeVeau, who has been with the company for 15 years, most recently served as Senior Vice President of Corporate Finance and Investor Relations.
He succeeds Glenn Richter, the current CFO, who will retire at the end of 2024.
CEO Erik Fyrwald expressed strong confidence in DeVeau in a company press release, saying, “We could not be more pleased than naming Mike as our CFO.” Fyrwald highlighted DeVeau’s leadership and experience, stating that he has been a pivotal leader across IFF’s global finance functions.
The company confirmed that DeVeau’s appointment follows a thorough evaluation process, with Fyrwald noting his decades of industry experience and strong relationships within IFF and the investment community.
DeVeau shared his gratitude for the opportunity, stating, “I am honored to assume the CFO role and begin the next chapter of my IFF career.” In the same media statement, he acknowledged Richter’s significant contributions, thanking him for improving IFF’s balance sheet and positioning the company for financial success.
DeVeau has held several senior roles throughout his tenure at IFF, including Divisional CFO for Scent and Chief Strategy Officer. He previously worked at PepsiCo and began his career as an equity research analyst at Citigroup Investment Research. Based in New York, DeVeau will remain part of IFF’s Executive Leadership Team.
ELC appoints Stéphane de La Faverie as President and CEO: ‘It is an honor,’ said de La Faverie
The Estée Lauder Companies Inc. (ELC) has announced the appointment of Stéphane de La Faverie as its new President and CEO, effective January 1, 2025. De La Faverie, a 13-year veteran of the company, will succeed Fabrizio Freda, retiring after over 16 years.
William P. Lauder will step down as Executive Chairman but remain Chair of the Board.
De La Faverie brings over 25 years of prestige beauty experience, having driven growth and innovation across major brands like Jo Malone London, The Ordinary, and Le Labo. He also played a pivotal role in the company’s Profit Recovery and Growth Plan.
On his new role, de La Faverie remarked in a press statement, “It is an honor to advance this legacy of excellence and work alongside our incredible teams to shape the beauty landscape of tomorrow.”
In the same statement, company executives William P. Lauder and Fabrizio Freda praised de La Faverie’s vision, collaborative leadership, and strategic insight, emphasizing his ability to navigate challenges and position the company for sustainable growth.
L’Oréal USA names Dave Kersey as Senior Vice President of Media: ‘Excited to support L’Oréal’s digital transformation,’ said Kersey
L’Oréal USA has named Dave Kersey as Senior Vice President of Media in the US, reporting to Han Wen, Chief Digital & Marketing Officer. Kersey brings over 20 years of media and advertising expertise from leading roles at organizations such as Disney and Intel and agencies including GSD&M, Dentsu, OMD Worldwide, and Horizon Media.
“We’re thrilled to welcome Dave, whose expertise and passion will undoubtedly support L’Oréal’s continued digital transformation,” said Han Wen in a statement.
Kersey’s extensive experience spans multiple industries, and he is an active member of key agency councils, including Magnite and LG Ad Solutions. The company’s press release confirmed that he will be crucial in advancing L’Oréal USA’s efforts to lead digital innovation and create engaging consumer experiences.
TRI-K names two Non-Executive Directors to company board to bring ‘much-needed external perspective’
TRI-K Industries, Inc. has appointed two new non-executive directors to its Board as part of its ongoing strategic repositioning: Fred Khoury, founder and President of Above Rinaldi Labs, and Kevin Gallagher, former leader of Croda Consumer Care.
CEO Rusmir Niksic expressed enthusiasm about the appointments in a media statement: “As we catalyze our efforts to claim TRI-K as a partner of choice for inspiring and differentiating beauty brands around the world, we anticipate Fred and Kevin to bring the much-needed external perspective.” Niksic added that their insights would be crucial in refining TRI-K’s strategy, particularly in innovation and portfolio diversification.
Khoury, who joined the Board, shared his excitement about the company’s strategic shift. In the company’s press announcement, he explained that “this strategic shift reflects a strong dedication to innovation by embracing diverse perspectives.”
Gallagher echoed the sentiment, emphasizing TRI-K’s commitment to sustainable innovation and its aim to support beauty care formulators. He noted, “By listening with empathy, embracing scientific curiosity, and striving for excellence, we aim to empower them to overcome challenges and create successful, innovative consumer products.”
