Struggling Coty names P&G veteran as interim CEO as Nabi leaves [CNBC]
Procter & Gamble Company (The) (PG)
Last procter & gamble company (the) earnings: 4/17 07:00 am
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Source: CNBC
Andrew Kelly | Reuters Coty on Monday named Procter & Gamble veteran Markus Strobel as chairman and interim CEO, handing him the reins as the CoverGirl owner battles pressure on its mass-market business and a steep share-price slide. Coty shares have fallen more than 50% this year as the company struggles to revive sales amid intensifying competition from newer beauty brands. Paris-listed shares were down about 5% on Monday, while U.S. shares were untraded before the bell. Strobel, who spent over three decades at Procter & Gamble and most recently led its global skin and personal care division, will succeed Sue Nabi, who steps down after five years as CEO. Coty did not say when it expected to name a permanent chief. The leadership change is the latest in a global consumer-goods industry grappling with diverging spending patterns. Strobel, who takes charge on Jan. 1, has worked with labels such as Gucci, Dolce & Gabbana, Valentino and Hugo Boss, as well as other brands that
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News
- Sue Nabi to Exit Coty and be Succeeded by Markus Strobel [Yahoo! Finance]Yahoo! Finance
- Coty appoints Markus Strobel as interim CEO [Seeking Alpha]Seeking Alpha
- Electric Toothbrush Market Size to Grow USD 9.37 Billion by 2033 | Report by SNS Insider [Yahoo! Finance]Yahoo! Finance
- Reassessing Procter & Gamble After 13% Share Price Drop and Ongoing Price Hikes [Yahoo! Finance]Yahoo! Finance
- Jim Cramer on Procter & Gamble: “It's Cheaper Than I Can Ever Recall” [Yahoo! Finance]Yahoo! Finance
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Earnings
- 10/24/25 - Beat
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Sec Filings
- 12/15/25 - Form 8-K
- 12/10/25 - Form 4
- 12/10/25 - Form 4
- PG's page on the SEC website