Alex Davison has been appointed as the new CEO of L’Oréal Australia & New Zealand, taking over from the previous long-serving CEO Rodrigo Pizarro.
L’Oréal Australia & New Zealand named Alex Davison the new CEO, taking over from the long-serving CEO Rodrigo Pizarro, who will be moving to a new strategic role within the beauty and skincare company.
Rodrigo Pizarro has served as the chief executive of L’Oréal Australia & New Zealand for nine years and has been with L’Oréal for a total of three decades.
During Rodrigo Pizarro’s tenure as CEO of L’Oréal Australia & New Zealand, the company experienced a boost in its market share and achieved double-digit sales growth over the past three years. Pizarro, who had been leading the local business for nine years and had been with L’Oréal for three decades, will now move into a strategic role within the company.
Alex Davison’s new role as CEO of L’Oréal Australia & New Zealand brings with it a wealth of experience, having served as the CEO of L’Oréal Greece for the past three years, which is one of the fastest-growing markets for the company in Europe. He started his journey with L’Oréal in 2016 as the general manager of the dermatological beauty business in the UK. Before that, he gained 17 years of experience in various roles at consumer goods company Procter & Gamble and also worked at pharmaceutical giant GSK.
On 4 Apr, L’Oréal announced that it has reached an agreement with Natura &Co to acquire Aēsop, the Australian luxury beauty brand. The proposed transaction values Aēsop at an enterprise value of USD 2.525 billion.
L’Oréal operates in four divisions: Consumer Products, L’Oréal Luxe, Professional Products, and Dermatological Beauty. The company generated €38.3 billion in sales in the last financial year.