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Puig Names Jose Manuel Albesa CEO as Marc Puig Becomes Executive Chairman

The governance reset positions the Spanish beauty group for its next growth phase after a yearlong succession review.

Overview

  • Albesa takes the helm effective immediately, formalizing the split between the CEO and executive chairman roles.
  • Puig said the appointment follows a rigorous board-led process that assessed internal and external candidates to align with listed-company best practice.
  • Marc Puig shifts to an executive chairman role focused on M&A strategy, key appointments and stewardship of the family culture, working closely with the new CEO.
  • A 28-year company veteran, Albesa previously served as deputy CEO and president of Beauty & Fashion and is credited with elevating Rabanne, Carolina Herrera and Jean Paul Gaultier.
  • Additional changes include naming Miquel Angel Serra chief financial officer and proposing Albesa for board membership in May, with 2025 results providing context at €5.04 billion in sales and €594 million in net profit.