Waldencast plc Names Philippe Gautier Chief Financial Officer and Chief Operating Officer

Rhea-AI Summary

Waldencast plc (NASDAQ: WALD) announced the appointment of Philippe Gautier as Chief Financial Officer and Chief Operating Officer, effective October 19, 2022. Gautier brings over 30 years of experience from leading global consumer companies, most recently as Group CFO at Selecta. His track record includes significant roles at Kering, managing luxury brands. CEO Michel Brousset expressed confidence that Gautier's expertise will enhance Waldencast's strategic goals in building a world-class beauty and wellness brand portfolio. The company aims to develop, acquire, and scale high-growth brands in this sector.

Positive

• Philippe Gautier's extensive experience in finance and operations enhances Waldencast's leadership.
• Company's ambition to build a world-class beauty and wellness platform aligns with current market trends.

Negative

• None.

NEW YORK, Sept. 27, 2022 (GLOBE NEWSWIRE) -- Waldencast plc, (NASDAQ: WALD) (“Waldencast” or “the Company”), a global multi-brand beauty and wellness platform, today announced that Philippe Gautier will join the Company as Chief Financial Officer and Chief Operating Officer on October 19, 2022. In this role, Mr. Gautier will also serve as the principal financial officer of the Company.

Mr. Gautier comes to Waldencast following a successful, thirty-year career leading the finance and operations areas of prestigious global consumer companies. Most recently, Mr. Gautier served as Group Chief Financial Officer at Selecta – a KKR portfolio company. Prior to this, he spent five years as Group Chief Financial Officer and Operations, for SMCP (Sandro, Maje, Claudie Pierlot, De Fursac). In addition, for more than a decade, Mr. Gautier served as Chief Financial Officer of major brands at Kering, including Sergio Rossi and Puma, working in Italy and in the United States. Mr. Gautier began his career at HSBC asset management in Tokyo.

Michel Brousset, Waldencast’s Founder and CEO states, “We are pleased to attract Philippe to Waldencast and believe his vast financial and operational experience, business acumen and proven track record of delivering financial improvement and operational excellence while acquiring, integrating, nurturing, and developing global luxury consumer brands will be highly valuable to us as we position Waldencast to achieve its ambition to build out a world class portfolio of beauty and wellness brands.”

“I am thrilled to join Waldencast and bring my experience to elevate the solid foundation that has been created to advance the company’s ambition to build a global best-in-class beauty and wellness multi-brand platform,” said Mr. Gautier. “I look forward to working with the Waldencast team and contributing to the success of this incredible growth company for many years into the future.”

About Waldencast

Founded by Michel Brousset and Hind Sebti, Waldencast’s ambition is to build a global best-in-class beauty and wellness operating platform by developing, acquiring, accelerating, and scaling conscious, high-growth, purpose-driven brands.  Waldencast’s vision is fundamentally underpinned by its brand-led business model that ensures proximity to its customers, business agility and market responsiveness, while maintaining each brand’s distinct DNA. The first step in realizing its vision was the business combination with Obagi Skincare and Milk Makeup. As part of the Waldencast platform, brands will benefit from the operational scale of a multi-brand platform, expertise in managing global beauty brands at scale, a balanced portfolio to mitigate category fluctuations, asset-light efficiency and the market responsiveness and speed of entrepreneurial indie brands. For more information please visit: https://ir.waldencast.com/.

Contacts:

Investors
ICR
Allison Malkin/Annie Erner/Nina Weiss
waldencastir@icrinc.com

Media
ICR
Brittney Fraser/Alecia Pulman
waldencast@icrinc.com

FAQ

Who is Philippe Gautier in relation to Waldencast?

Philippe Gautier is the newly appointed Chief Financial Officer and Chief Operating Officer of Waldencast, effective October 19, 2022.

What experience does Philippe Gautier bring to Waldencast?

Gautier brings over 30 years of experience in finance and operations from prestigious consumer companies, including roles at Selecta and Kering.

What are Waldencast's goals as stated in the press release?

Waldencast aims to build a global best-in-class beauty and wellness operating platform by developing, acquiring, and scaling high-growth brands.

When will Philippe Gautier start his role at Waldencast?

Philippe Gautier will begin his role as CFO and COO on October 19, 2022.

What did Waldencast's CEO say about Philippe Gautier's appointment?

CEO Michel Brousset stated that Gautier's financial and operational experience will be valuable in achieving Waldencast's strategic goals.