Coty Names Soraya Benchikh CFO, Details Executive Pay Packages
COTY sits 49% above its 52-week low of $1.82.
Summary
Coty appoints Soraya Benchikh as CFO with a multi-million dollar compensation package, increases pay for the interim CEO, and awards a retention bonus to the Chief Legal Officer, all amid significant financial losses and debt covenant pressure.
Key Events · Executive and Board Changes · COTY
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New CFO Appointed
Soraya Benchikh, former CFO of British American Tobacco, will become CFO effective September 1, 2026, succeeding Laurent Mercier.
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CFO Compensation Package
Benchikh receives €1,165,000 base salary, 150% target bonus, $2.5M sign-on RSUs, 1.5M stock options, and an €860,000 sign-on bonus.
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Interim CEO Pay Increase
Markus Strobel's base salary rises to $1,600,000, target bonus to 170%, and annual equity grant to $3,000,000.
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Chief Legal Officer Retention Bonus
Kristin Blazewicz receives a $1,275,000 bonus payable in two installments in July 2027 and July 2028.
Analysis · COTY · Industrial Applications And Services
Coty appoints Soraya Benchikh as CFO effective September 1, 2026, succeeding Laurent Mercier. The filing details her compensation: €1,165,000 base salary, 150% target bonus, $2.5M sign-on RSUs, 1.5M stock options, and an €860,000 sign-on bonus. Interim CEO Markus Strobel receives a pay increase to $1,600,000 base and 170% target bonus, while Chief Legal Officer Kristin Blazewicz gets a $1,275,000 retention bonus. This follows the July 2 leadership restructuring and comes amid a $590.2M net loss and debt covenant reinstatement disclosed in the 10-K filed yesterday. The new CFO's focus on strengthening the balance sheet and capital allocation is critical given the company's financial distress.
At the time of this filing, COTY was trading at $2.71 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $2.4B. The 52-week trading range was $1.82 to $4.94. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.