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...

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.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Coty CEOs

C

Pierre Denis

CEO of Coty

Education

Graduate of ESSEC Business School, Paris

Field of Expertise

Consumer Goods & Retail - Luxury Goods

Sector of Economy

Consumer Defensive

Born

January 1, 1965 - 60 years ago

CEO of Coty for

5 years 1 month (Feb 2020 - Present)

Previous Experience

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

Rivals

Competitors/colleagues of Pierre Denis

C

John Fieldly

CEO of Celsius Holdings, Inc.

2023 Compensation

Stock

$1.65M

Salary

$650.00K

Bonus

$958.75K

Other

$1.79K

Total Holdings

$39.56M

Holdings

See how much did Pierre Denis make over time.

Pierre Denis’ holdings in Coty show a significant investment in the company. Over time, he has fluctuated in wealth tied to his shares. For instance, back in 2019, the value of his holdings reached as high as $38.67 million, reflecting...

Pierre Denis’ holdings in Coty show a significant investment in the company. Over time, he has fluctuated in wealth tied to his shares. For instance, back in 2019, the value of his holdings reached as high as $38.67 million, reflecting his confidence in Coty's direction. Fast forward to now, things have changed with him vesting 10 million RSUs worth $75.1 million as of August 31, 2023. Essentially, a large chunk of his wealth is now assessed during a pivotal time for Coty as it refines its focus and brand strategy in the competitive beauty market. This stock vesting aligns his fortune with Coty’s performance. As he leads the company forward, it’s clear he has a lot of faith in Coty’s potential, given the significant value of his stock positions.

Total Stock Sold

$52.07M

COTY

$52.07M

6,520,658 COTY shares

What if they kept their stock?

If Pierre Denis didn't sell their stock, today they would have:
Extra COTY6,520,658 shares worth $39.25M.
This is -24.61% and $12.81M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Pierre Denis.

COTY

$37.47M

COTY at $11.49/share

Mar 12, 2020

Sale

COTY

$37.47M

COTY at $11.49/share

Feb 27, 2020

Sale

COTY

$2.50M

COTY at $9.54/share

Aug 30, 2019

Purchase

COTY

$7.54M

COTY at $11.64/share

May 10, 2019

Purchase

COTY

$20.05M

COTY at $8.69/share

Nov 12, 2018

Purchase

Compensation History

See how much did Pierre Denis make over time.

In terms of compensation, Pierre Denis received a total of $149.4 million in 2022. His salary was relatively constant at $3.5 million, but the bulk of his income came from vested stock units. Notably, in 2021, his compensation was even higher, mostly attributed to a massive stock vesting that year worth about $280.2 million. Pierre's pay is largely tied to Coty's performance, with a significant focus on long-term incentives, rather than immediate cash bonuses. This means that he is set to benefit as the company grows, rather than from quick wins. Such a structure is designed to align his interests with those of Coty's shareholders, ensuring that he is using his extensive experience to drive the company's value higher.

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.

Other Coty CEOs

Here are other CEOs of Coty

Pierre Laubies

Ex-CEO of Coty

November 2018 - February 2020