L’Oréal Groupe has announced the appointment of Damien Favre to the role of president of the L’Oréal dermatological beauty (LDB) division for the North America zone.
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A veteran of the French cosmetics giant, Favre joins LDB from the group’s consumer products division (CPD) in the Latin America zone. During four-year tenure, Favre is credit for more than doubling net sales and raising the portfolio’s brand image, as well as being recognized as CPD’s fastest-growing zone worldwide.
The executive joined L’Oréal in 2005 with the L’Oréal Paris marketing team in France. Over the last 20 years, he has gone on to hold leadership roles as Garnier‘s marketing director for Western Europe, Garnier’s general manager in Italy, and the CPD general manager in Argentina.
“Damien Favre’s impressive track record of driving growth, building brands, navigating complex market dynamics, and fostering a culture of high performance make him ideally positioned to lead L’Oréal Dermatological Beauty in North America as the Division continues to evolve,” said David Greenberg, CEO of L’Oréal USA and president of the North America zone.
“Damien’s dedication to driving innovation will undoubtedly fuel the Division to continue to deliver dermatological solutions that consumers need.”
Favre succeeds Christina Fair, who was appointed president of the consumer products division for L’Oréal’s North America zone, in February this year.
L’Oréal’s dermatological beauty division is comprised of five brands include La Roche Posay, CeraVe, Vichy Laboratoires, and Skin Better Science.
