Markus Strobel to lead Coty as Executive Chairman and Interim CEO from January 2026
Markus Strobel joins Coty from Procter & Gamble, where he most recently served as President of Global Skin & Personal Care
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Published: Dec 23, 2025 7:10 PM | 2 min read
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- Coty Inc. announced that Markus Strobel will become Executive Chairman of the Board and Interim Chief Executive Officer starting January 1, 2026.
- Strobel has a 33-year career at Procter & Gamble, where he held senior roles in Beauty & Grooming, including President of Global Skin & Personal Care.
- He succeeds Peter Harf, who is retiring after over 30 years, and Sue Nabi, who is stepping down after five years as CEO.
- Strobel aims to accelerate growth and strengthen Coty's position in the beauty market, building on the strong foundation left by his predecessors.
Coty Inc. has announced that Markus Strobel will become Executive Chairman of the Board and 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. 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.
Strobel 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 commented, “I am delighted to join Coty at this important juncture. Building on Coty’s strong foundations, I see tremendous potential to accelerate growth, strengthen our position in prestige and mass beauty, and deliver sustainable value for shareholders, partners, and consumers worldwide.”
Strobel succeeds Peter Harf, who will retire from Coty’s Board after more than three decades of service, and Sue Nabi, who will step down as Chief Executive Officer following a five-year tenure.
Harf’s leadership helped shape Coty into a global beauty leader, while Nabi oversaw the launch of several blockbuster fragrances, including Burberry Goddess, and materially reduced Coty’s financial net leverage to ~3x. Both leave Coty with a strong foundation for future profitable growth.
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