This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Coty Inc. Promotes Senior Marketing Executives

NEW YORK, June 25, 2013 /PRNewswire/ --  Coty Inc. (NYSE: COTY), an emerging leader in global beauty, has announced that effective July 1, 2013, Stephen Mormoris will be appointed to the role of senior vice president, Global Marketing American Fragrances, Coty Prestige. Additionally, Johanna Businelli has been promoted to the newly created role of senior vice president Color Cosmetics, Coty Beauty.


In his new position Mormoris will build strong pillars on brands such as Calvin Klein, Marc Jacobs and Balenciaga, as well as develop new luxury fashion/lifestyle brands that consolidate Coty's fragrance leadership in the world. He will also retain responsibility for scouting new partnerships in the fragrance arena as well as overviewing some strategic relationships with existing partners. Mormoris will report to Jean Mortier, president, Coty Prestige.

"Steve is a seasoned, top-notch marketer who has played a key role in Coty's success over the past 12 years," said Jean Mortier. "Thanks to his creativity, business sense and broad understanding of global market trends, he has built strong, enduring, consumer-relevant brands in cosmetics and fragrances. His appointment will further strengthen the global ambitions of our brands, as we continue to develop Coty as a dynamic worldwide beauty leader."

"I have a real passion for Coty, the beauty industry and the brand partners who have been so instrumental in our success," said Mormoris. "I look forward to taking on this new role with gusto and helping the Coty brand further develop through Coty Prestige; the potential is fantastic."

Mormoris, who joined Coty in 2001, has been the architect of the Coty Beauty fragrance portfolio, establishing powerhouse fashion and celebrity brands spanning the prestige and mass markets, and overseeing strong organic growth. For example, he has developed strong relationships with Coty license partners such as Halle Berry, David and Victoria Beckham, Beyonce, Celine Dion, Guess, Heidi Klum, Kylie Minogue, Kate Moss and Katy Perry, among others.

He also contributed greatly to the development of Coty's color cosmetics portfolio, which now spans entry price brands to more premium/image-driven brands. Notably, he greatly contributed in turning Rimmel into a leading trendy, value-driven global cosmetics brand. Also, he was responsible for leveraging the Sally Hansen's leadership positioning in the nail category in the U.S., creating different consumer offers in nail color, nail appliques and gel color technology.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.08 -0.58%
FB $118.10 0.03%
GOOG $698.07 0.34%
TSLA $213.57 -4.00%
YHOO $37.14 3.20%


Chart of I:DJI
DOW 17,699.78 +48.52 0.27%
S&P 500 2,055.71 +4.59 0.22%
NASDAQ 4,728.2490 +2.61 0.06%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs