L’Oréal boosts diversity of its Senior Management Team

Three new members of the group Management Committee announced, including the appointment of a 2nd woman and further non-French Executives

Jean-Paul Agon, Chief Executive Officer of L’Oréal, has announced that he is to reinforce the Group’s Executive Committee with the appointment of three new members: Brigitte Liberman – Managing Director of the Active Cosmetics Division; Jochen Zaumseil – Managing Director of the Asia Zone; and Joseph Bitton – Managing Director of the Latin America Zone.

The appointments illustrate the increasing strategic importance of the group’s Active Cosmetics Division, which is today the world leader in dermo-cosmetic products for pharmacies, as well as the essential strategic nature of the major Multidivision regions - Asia and Latin America – both of which play a crucial role in the company’s overall growth and success.

From now on, each of the groupÂ’s four main divisions as well as the three major Multidivision regions will be duly represented within the group Executive Committee.

Commenting on the appointments, Jean-Paul Agon said, “I’m particularly delighted that, with the appointment of Brigitte Liberman, we are able to reinforce the number of women in our senior executive team – and to have the opportunity, through Jochen and Joseph, to further strengthen the international nature of our team”.

“The different perspectives and professional expertise they will bring to the team can only help to boost the level of creativity and innovation that are key to accelerating our growth model”, he continued.

Brigitte Liberman, 49, joined the group with the Vichy brand in 1986. Since then she has held Marketing Director roles with Biotherm and Vichy International, where, in 2003, she was appointed Managing Director. Ms Liberman has been Managing Director of the GroupÂ’s Active Cosmetics division since January 2005 where she has been responsible for the roll-out of Vichy in China, which, today, offers Chinese consumers a full range of affordable products in more than 1,000 pharmacy outlets. Most recently, she achieved a milestone in the development of the Active Cosmetics business, which also includes the brands La Roche-Posay and Innéov, when she announced that the turnover of the Division had exceeded the €1b (one billion euros) in 2006.

Other recent notable developments for the business under the leadership of Ms. Liberman include the acquisition in October 2006 of a certified organic cosmetic products brand, Laboratoire Sanoflore, and, in 2005, that of SkinCeuticals, the skincare brand sold in exclusive spas, and by dermatologists and plastic surgeons in the USA.

Jochen Zaumseil, 49, is a German national who has worked at L’Oréal for twenty-three years. He has worked in the group’s Professional Products Division and Luxury Division in countries as diverse as Austria, Mexico and Venezuela. More recently, he served as Managing Director of the group’s businesses in Canada and Japan before taking up his current position as Managing Director of the Asia Zone in 2006.

Joseph Bitton, 62, a chemist by training, has been with L’Oréal for 38 years. He is a true world-citizen with dual French and Canadian nationality, first joining the group in Morocco in 1969 as Technical Director. He went on to hold the posts of Industry Director and Vice President of Operations in Canada, where, in 1991, he was named General Manager of L’Oréal Canada. In 1996, he became Managing Director of L’Oréal Brazil. M. Bitton has been Managing Director of the group’s Latin America Zone since 2001.

The appointments take effect from 1st January 2007.

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