Owen-Jones resigns as L’Oreal chair

first_img L’OREAL, the world’s biggest cosmetics maker, has confirmed the resignation of charismatic chairman Lindsay Owen-Jones and elevated current chief executive Jean-Paul Agon to executive chairman.Owen-Jones, widely regarded as the man who transformed L’Oreal from a French into a global business, will stay on its board and become honorary chairman as of next month.The group also asked for shareholder Liliane Bettencourt, descendant of the group’s founder, to remain on the board with the same terms, dismissing analysts’ speculation she could leave in favour of younger members of her family.Having benefited from the market’s recovery last year, Owen-Jones proposed to raise the dividend by 20 per cent for 2010 to €1.80 (£1.52) a share for 2010 and pledged to lift profits and revenue again this year.The group also said like-for-like sales rose 4.1 per cent in the three months to 31 December, undershooting growth expectations of 5.3 per cent.The maker of Lancome creams and Garnier shampoos made an operating profit of €3.06bn on sales of €19.5bn. Owen-Jones resigns as L’Oreal chair Show Comments ▼ Share whatsapp whatsappcenter_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Thursday 10 February 2011 8:43 pm Tags: NULLlast_img

Leave a Reply

Your email address will not be published. Required fields are marked *