Pierre Denis is the CEO of Coty Inc., a respected name in the luxury goods space. He took over as CEO in June 2020, coming from a background in high-end fashion and cosmetics, including leading the Jimmy Choo brand and a significant role at LVMH. Pierre was born in 1965 and graduated from ESSEC Business School in Paris. He knows the luxury market inside and out. Under his leadership, Coty has been transitioning to focus more on its core beauty business. His compensation caught some attention; in 2022, he earned nearly $149.4 million, primarily from stock awards, showcasing his long-term commitment to Coty's growth. As of recently, Pierre has vested 10 million restricted stock units, aligning his interests directly with the company’s success. This indicates that he is not just in it for the short term; he’s got skin in the game and he’s betting on Coty’s future. His experience in turning brands around is critical for Coty as it aims for growth and stability in the competitive beauty industry.

Current Market Cap

$6.14B

Number of Employees

11.35K

Total Compensation

2020 - 2022

Trending down by -72.28% last year

Showing total compensation for the last 2020 - 2022

Stock

Down by -73.20% last year

Salary

Up by 0.00% last year

Bonus

Up by 0.00% last year

Other

Down by -87.08% last year

2022 2021 2020

Year

2022

Total Compensation

$78.65M

Salary

$3.55M

Board Justification

The compensation program is designed to attract, retain, motivate, and reward leaders who create value for the Company and its stockholders, with a focus on long-term incentives and alignment with stockholder interests.

Bonus

$0.00

Board Justification

No annual cash incentive awards under the Annual Performance Plan (APP) for fiscal year 2023 as the variable compensation is comprised entirely of annual equity incentive awards.

Other

$5.49K

Board Justification

Includes employer contributions to the international healthcare plan for executives.

Restricted Stock

$75.10M(10M RSU)

Board Justification

10,000,000 RSUs vested on August 31, 2023, as part of a one-time sign-on award granted on June 30, 2021, with a vesting schedule of 10,000,000 shares on each vesting date of August 31, 2021, August 31, 2022, and August 31, 2023.

Performance Metrics

The variable portion of the executive compensation program is tied to long-term stockholder returns through stock-based compensation.

SEC Filing

From September 21, 2023

View SEC Filing

Pierre Denis

CEO of Coty

Education

Graduate of ESSEC Business School, Paris

Field of Expertise

Consumer Goods & Retail - Luxury Goods

Born

January 1, 1965 - 59 years ago

Is Founder?

Current Tenure

4 years 8 months (Feb 2020 - Present)

Previous Experience

CEO of Jimmy Choo Group Limited; Managing Director of John Galliano; various roles at LVMH

Predecessor

Pierre Laubies

November 2018 - February 2020

Successor

None