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Coty Chairman And CEO Becht Says He Can Lead His Company Post-P&G Beauty Acquisitions

July 16, 2015: 12:00 AM EST
Coty Inc. chairman and CEO Bart Becht said he believes he is the right man to lead his company and the $12.5 billion beauty brands the company has agreed to buy from Procter & Gamble. Replying to some industry analysts' lack of confidence in his ability to manage the merged company, Becht said he has no plans of recruiting somebody else to lead the company. Becht said the company might hire a new leader in the future, but there was no immediate timeframe for that. He has had significant experience in overseeing and running mergers, including the marriage between Reckitt & Colman and Benckiser in 1999.
Astrid Wendlandt, "Becht to lead Coty/P&G beauty merger despite industry doubts", Reuters, July 16, 2015, © Thomson Reuters
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