Coty to Promote Pane to Chief Executive Officer After P&G Deal

“Coty Inc., the maker of fragrances by Davidoff and Marc Jacobs, said Camillo Pane will be promoted to chief executive officer when the company’s acquisition of Procter & Gamble Co.’s beauty brands is completed. Bart Becht, who has served as interim CEO, will remain with the company as chairman, New York-based Coty said Thursday in a statement. The P&G deal is expected to close in October, the company said.” Read more at Bloomberg.