L’Oréal is Reorganizing to Address the Growing Complexity of China via Premium Beauty News

1 October 2023

L’Oréal has announced a number of moves within its Executive Committee, in addition to the creation of the new role of Deputy CEO in Charge of Divisions – L’Oréal China. The group particularly wants to respond to the increased complexity of the Chinese market.

Fabrice Megarbane will be appointed Chief Global Growth Officer, he will succeed Frédéric Rozé, who has announced his intention to retire at the beginning of next year, after 38 years with the Groupe.

An engineer by training, Fabrice Megarbane joined L’Oréal back in 2000. He has been Chief Executive Officer of L’Oréal China since 2019, and President of the North Asia Zone since 2021. As Chief Global Growth Officer, Fabrice Megarbane will be in charge of accelerating growth, leading transformation projects and animating the Group’s Zones.

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