NEW YORK, Dec. 11, 2015 /PRNewswire/ -- L'Oreal today announced that Jean-Paul Agon, L'Oreal Group Chairman and Chief Executive Officer, has been honored with the 2015 WWD Beauty Inc Visionary of the Year award in recognition of his enduring leadership of the number one beauty company in the world.
Mr. Agon was honored at an award ceremony held on December 10 in New York.
"I accept this distinction with great joy and share it with the entire L'Oreal family. More than ever before, my responsibility as CEO is not only to be the 'pathfinder', but to make sure we are agile and nimble enough to transform as quickly as necessary. In this fascinating world, speed of transformation is the name of the game."
One of only five global CEO's in L'Oreal's 106-year history, Jean-Paul Agon has spent his entire career with the company. Mr. Agon's success is rooted in his vision for inventing a new L'Oreal for the 21st century: more universal, more digital and more sustainable. Through a series of ambitious global commitments Mr. Agon has organized the company to attract its next billion consumers from emerging markets, meet the beauty needs of consumers wherever they are in the world through his strategy of universalization, transform its relationship with consumers through a full-scale digital transformation, and grow its business sustainably, ethically and responsibly through a program he launched in 2013 called Sharing Beauty With All.
Beauty Inc 2015 Visionary of the Year Award
Hosted annually by the monthly publication renowned for being the leading trade journal covering fashion, beauty and retail news published by Penske Media Corporation, the WWD Beauty Inc Awards are a celebration of innovative ideas, initiatives, and products. Now in its sixth year, the "Visionary of the Year Award," is the cornerstone of the event and celebration of a forward-thinking leader for their exemplary leadership and significant contributions to the beauty industry.
L'Oreal has devoted itself to beauty for over 105 years. With its unique international portfolio of 32 diverse and complementary brands, the Group generated sales amounting to 22.5 billion euros in 2014 and employs 78,600 people worldwide. As the world's leading beauty company, L'Oreal is present across all distribution networks: mass market, department stores, pharmacies and drugstores, hair salons, travel retail and branded retail.
Research and innovation, and a dedicated research team of 3,600 people, are at the core of L'Oreal's strategy, working to meet beauty aspirations all over the world and attract one billion new consumers in the years to come. L'Oreal's new sustainability commitment for 2020 "Sharing Beauty With All" sets out ambitious sustainable development objectives across the Group's value chain. www.loreal.com