Page 43 - TFWA World Exhibit 2023 Special Edition

INSIDER

Vincent Boinay takes new role as L’Oréal makes key executive
appointments

Vincent Boinay, who has been
General Manager for L’Oréal Travel Retail
Worldwide since 2014, has been appointed
President of L’Oréal’s North Asia Zone
and Chief Executive Officer of L’Oréal
China, under a series of top level moves
announced within the Groupe’s Executive
Committee. The changes are due to take
place in Q1 2024.
Boinay will succeed Fabrice
Megarbane, following his appointment as
Chief Global Growth Officer. Megarbane,
who joined L’Oréal in 2000, has been CEO
of L’Oréal China since 2019, and President
of the North Asia Zone since 2021. Emmanuel Goulin, left, succeeds Vincent Boinay, right, as President of Travel Retail
As Chief Global Growth Officer, for L’Oreal.
Megarbane will be in charge of leading
transformation projects and animating this unique entity, to build a geographical double-digit growth for almost 3 years,
the Group’s zones. L’Oréal CEO Nicolas footprint that spans both continents coupled with a significant improvement in
Hieronimus said that the group’s business and consumers, with an obsession of employee engagement.
in China has doubled in sales and seen ‘beauty for all travelers,” says the official In light of the increased complexity
record market share under Megarbane’s announcement. of the Chinese market, Laurence Ma,
leadership, while sustaining an ambitious Boinay will move to Shanghai in currently General Manager of L’Oréal
sustainability agenda. the near future and will fully assume his Luxe China, will be appointed to the newly
Megarbane will succeed Frédéric new responsibilities at the beginning of created role of Deputy Chief Executive
Rozé, who has announced his intention to February 2024. Officer in Charge of Divisions – L’Oréal
retire at the beginning of next year, after 38 The group has also appointed China.
years with the Groupe. Emmanuel Goulin as President of Travel Ma will continue to manage L’Oréal
Speaking of Boinay, Hieronimus Retail, succeeding Boinay. Goulin will join Luxe China, and will lead the other three
said the he “transformed our Travel Retail the group’s Executive Committee. Divisions, allowing them all to benefit from
business, strengthening the Group’s global Goulin is currently General Manager her extensive experience, rich people-skills,
leadership in the sector and making it a of L’Oréal Italy. He joined the group in unique drive and winning mindset.
major contributor to L’Oréal’s growth and 2000, and in 2016 was appointed Managing All the appointment will become
bottom line.” Director Travel Retail – Asia Pacific Zone. effective at the beginning of 2024.
Boinay has “significantly transformed Under his leadership, the group has seen

Fabrice Megarbane, left, has been named Chief Global Growth Officer, succeeding Frederic Roze, center. Laurence Ma, right, has
been appointed to the newly created role of Deputy Chief Executive Officer in Charge of Divisions - L’Oreal China.

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