Laurent Marteau steps down as Chief Government Officer of the L’Occitane Group

The L’Occitane Group introduced on Tuesday, September 17, the resignation of Laurent Marteau from his positions as Chief Government Officer and Board member, efficient from September 16, 2024.

“Mr. Marteau’s resignation displays his need to focus extra on his private pursuits in addition to different enterprise pursuits,” stated L’Occitane in a press release.

Transition interval

A transitional administration crew has been arrange by the board of administrators within the type of an “Workplace of the Chief Government” has been established by the Board to handle the corporate’s day-to-day operations. This workplace consists of Reinold Geiger, Chairman and controlling shareholder of the L’Occitane Group; Samuel Antunes, Group Chief Monetary Officer; and Ingo Dauer, Group Normal Counsel.

The CEO’s resignation comes because the group is at the moment delisting from the Hong Kong Inventory Change. The method is predicted to be accomplished by 16 October 2024, as initially deliberate.

As a part of this delisting, the group is specializing in transitioning to new administration and company governance buildings, particularly, with the intention of guaranteeing the succession of Reinold Geiger, aged 77.

The L’Occitane Group portfolio consists of premium magnificence and fragrance manufacturers: L’Occitane en Provence, Melvita, Erborian, L’Occitane au Brésil, LimeLife, Elemis, Sol de Janeiro and Dr. Vranjes Firenze.