Puig appoints Jose Manuel Albesa Chief Executive Officer
Spanish fashion and beauty conglomerate Puig has announced the apponintment of Jose Manuel Albesa as Chief Executive Officer.
‘This is an exciting time in Puig’s evolution, building on very strong foundations and growth to set the platform for the next stage of our development. With this important announcement, the Board of Puig opens a new chapter in the company’s governance. The separation of the roles of Executive Chairman and Chief Executive Officer is fully aligned with the highest standards of best practice for listed companies. I have worked closely with Jose Manuel for over 20 years and I have every confidence that his talent, leadership and vision make him ideally suited to become CEO of Puig. His deep understanding of our brands, our culture and the way we work will be crucial to drive our company forward. I remain fully committed to Puig as Executive Chairman and I am looking forward to continuing working with Jose Manuel in this new chapter of our company’s history,’ Marc Puig, Executive Chairman of Puig stated in a press release.
‘Becoming Chief Executive Officer of Puig is both a privilege and a responsibility, and I am extremely grateful for the trust the Puig family and the Puig Board of Directors have placed in me for this next chapter. The entrepreneurial spirit, values and creativity that underpin our company remain core to the future we will build together. I am also very proud to lead such an exceptional team whose talent, commitment and creativity are at the heart of everything we achieve. We are an agile, decisive business and experts in what we do. I believe there is still significant potential ahead. This next phase is about renewing our energy, sharpening our focus and building on what makes Puig distinctive and I look forward to continuing this journey together with Marc Puig and all of our teams,’ Jose Manuel Albesa, Chief Executive Officer of Puig added.
Albesa joined Puig in 1998 and has held senior leadership roles across brand development, marketing and operations, as well as playing a central role in the strategic development and international expansion of the Puig’s fragrance and fashion portfolio. He succeeds Joan Albiol, who has served as Chief Financial Officer since 2009 and will remain Secretary to the Board of Directors with Legal and M&A functions continue reporting to him. In his new role he will work closely with Marc Puig Executive Chairman of Puig to align the strategic vision, while focusing on M&A strategy.
In addition Puig further announced the appointment of Miquel Angel Serra as Chief Financial Officer of Puig who will report to Albesa. Serra was previously Vice President, Corporate Controlling & Investor Relations, and brings extensive experience across finance, performance management and capital markets within the company.
The new appointments marks a decisive step in the evolution of Puig governance that strengthens Puig’s leadership. The separation of the roles of Chairman and Chief Executive Officer, is in line with best practices for major listed companies and the result of a rigorous and formal process initiated over a year ago by the Board of Directors of Puig.
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