French cosmetics group L'Oreal names Hieronimus as new chief

Reuters

Published Oct 14, 2020 09:58AM ET

PARIS (Reuters) - French cosmetics group L'Oreal (PA:OREP) will name deputy Chief Executive Nicolas Hieronimus as its new CEO, replacing long-time boss Jean-Paul Agon.

Hieronimus will take the group's operational reins next May, the company said in a statement, adding that Agon will remain as board chairman.