PARIS — Puig has named Marc Toulemonde because the president of its Derma division, effective June 1.
Within the role, the manager succeeds Hervé Lesieur, who has served in leadership positions on the Uriage and Apivita brands, in addition to for Puig’s dermatological activity. Lesieur will finish his tenure at the corporate at the top of this yr.
Toulemonde, who’s to report back to Puig chairman and chief executive officer Marc Puig, will sit on the group’s executive committee.
“Mr. Toulemonde brings with him 25 years of experience in the sweetness industry, with a powerful track record in digital and a deep expertise in dermatological products,” said Puig, the corporate, in a press release. “He is predicted to spice up the revenue of the skincare category, which is an important pillar of Puig’s growth strategy.”
Puig reorganized its business structure into three divisions — Beauty and Fashion, Charlotte Tilbury and Derma — starting Jan. 1, 2021, with the aim of hitting 3 billion euros in sales in 2023.
The triumvirate helped Puig exceed that goal a yr prematurely. In 2022, the corporate registered total net sale of three.62 billion euros, of which the Derma division generated 9 percent. Also last yr, Puig posted 20 percent on-year sales gains within the skincare category.
“Puig’s Derma division has experienced a remarkable growth in these years, solidifying its position as a significant player within the skincare marketplace for products available in pharmacies and beneficial by medical professionals,” the corporate said within the statement.
Toulemonde worked for greater than 21 years at L’Oréal, in accordance with his LinkedIn profile. Most recently, he served as chief digital and marketing officer of L’Oréal USA, between November 2020 and May 2022, and president of L’Oréal’s Lively Cosmetics Division in North America, from December 2014 to November 2020.
The chief, who can be based in Paris, is to oversee Uriage, with product formulas boasting Uriage Thermal Water, and Apivita, the Greek personal care brand inspired by honeybee culture. Each brands were folded into Puig’s portfolio in 2021 as a part of the group’s Derma branch. Uriage and Apivita had been owned by the Puig family business since 2011 and 2017, respectively.
Marc Puig said of Toulemonde: “His extensive experience and expertise in skincare, in addition to his deep knowledge of the digital business and the necessary U.S. market, can be a significant asset for the event of our dermo-cosmetic activities.”
Puig thanked Lesieur “for his tremendous contribution to the success of the division up to now.”
Manuel Puig, vice chairman and chief sustainability officer at Puig, can be a part of the Derma committee that’s tasked with overseeing and accelerating the division’s growth. He had hired and overseen Lesieur since Uriage’s acquisition.
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