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PARIS, France — French cosmetics firm L'Oréal on Monday said chief financial officer Christian Mulliez was set to leave the firm next year for personal reasons and would be replaced by Christophe Babule, another company veteran.
Babule, who has been at the Maybelline owner since 1988 and most recently worked as the financial director for Asia Pacific, will take on operational responsibilities in February, L'Oréal said. Mulliez will leave L'Oréal at the end of April.
The company also named Cyril Chapuis as the head of its luxury division, which has spurred revenue growth in recent quarters. He takes over from Nicolas Hieronimus, seen as a potential successor to chairman and chief executive Jean-Paul Agon, who was named deputy chief executive in 2017.
By Sarah White; editor: John Irish
