Coty names two new board members

Beauty company Coty Inc. has appointed two new members to its board of directors.

Anna Adeola Makanju and Mariasun Aramburuzabala Larregui will join the company's board, on December 18.

Makanju brings over fifteen years of experience across U.S. government and leading private sector companies. She currently serves as global policy manager for content regulation at Facebook, where she drives the company’s approach to emerging regulatory frameworks around the world.

Previously, Makanju has practiced international law in the Hague and at Cleary Gottlieb Steen and Hamilton LLP and taught at Princeton University’s School of Public and International Affairs. She has also previously served as a special adviser for Europe and Eurasia to then-Vice President, now President-elect, Joseph Biden, focusing on policy and engagement strategies with 51 countries, including Russia and Turkey. She has also served as a senior adviser to the U.S. Ambassador to the United Nations and as director for Russia on the U.S. National Security Council.

Larregui is the current president of the board and chief executive officer of Tresalia Capital, a global investor with investments and transactional experience throughout Latin America, Asia, Europe and the U.S. She also serves as a board director for several global corporations and institutions, including Anheuser-Busch InBev and Grupo Modelo.

Her work has been recognized by multiple institutions, including within Fortune Magazine's '50 Most Powerful Women in Global Business,' Star Group’s 'Leading Women Entrepreneurs of the World' and the International Women Forum’s 'Corporations that Make the Difference' awards.

“[Larregui] and [Makanju] are outstanding leaders who have already achieved so much in their chosen careers," said Sue Y. Nabi, chief executive officer of Coty.

"What makes me particularly excited about their joining our board is that they are also deeply passionate about beauty. For a company like Coty, that aims to become the most product centric beauty company, this passion is invaluable."

Coty also announced that Paul S. Michaels stepped down as a director on Dec 18. Michaels first joined the board in June of 2015. Prior to joining Coty, he served as the president of Mars, Incorporated from January 2004 to January 2015.

The addition of Makanju and Larregui brings Coty’s board up to 13 members, seven of whom are women.

Coty names two new board members

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