Sundar PichaiSundar Pichai earned $164M in 2023

Pierre Laubies, born in 1958, holds advanced degrees in economics and law from prestigious institutions like Sciences Po and the University of Paris Sorbonne. He has a solid background in the business world, having worked for major brands across various...

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Pierre Laubies

Ex-CEO of Coty

Education

Master's Degree in economics from Sciences Po (Institut d'Etudes Politiques de Paris) and a Law Degree from the University of Paris Sorbonne

Field of Expertise

Business & Management

Sector of Economy

Consumer Defensive

Born

January 1, 1958 - 67 years ago

CEO of Coty for

1 year 3 months (Nov 2018 - Feb 2020)

Previous Experience

CEO of Jacobs Douwe Egberts B.V.; experience in consumer goods companies

Holdings

See how much did Pierre Laubies make over time.

During his time at Coty, Pierre Laubies made significant investments, purchasing approximately 980,000 shares of Series A-1 Preferred Stock as part of Coty’s Elite stock investment program. This investment highlighted his belief in the company’s potential, aligning his interests with...

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Insider Trading

See recent insider trades of Pierre Laubies.

No insider trades found for this CEO.

Compensation History

See how much did Pierre Laubies make over time.

In 2020, Pierre Laubies earned a total compensation of $3.58 million, which was solely from his base salary. This amount reflected no bonuses or stock awards, a sign of the challenging situation Coty experienced during that period. Laubies resigned in February 2020, before any performance metrics could be met to grant bonuses or stock options to him. Notably, in 2019, his compensation was around $21.86 million, primarily due to a large severance payout following his exit agreement with Coty. This stark contrast in compensation illustrates the challenges faced at Coty and the effective transition of leadership that followed Laubies’ brief but impactful tenure. His pay structure made clear the company's intentions to balance executive compensation with overall performance and shareholder interests, especially amid financial difficulties.

Year

2020

Total Compensation

$3.58M

Salary

$3.58M

Board Justification

The compensation philosophy aims to attract and retain top executive talent while aligning their interests with those of the shareholders through performance-based incentives.

Bonus

$0.00

Board Justification

No annual cash incentive was provided for the fiscal year 2020 due to the company's performance and challenges.

Other

$0.00

Board Justification

No additional compensation was reported for the CEO in 2020.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock awards vested in 2020 as the RSU awards were granted in June 2021, and no other stock awards were mentioned for 2020.

Performance Metrics

Performance metrics for the CEO's compensation were not specified for 2020, as the annual cash incentive program was suspended.