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Bettencourt Meyers to retire from L'Oréal board
Financial Express Delhi
|February 08, 2025
Françoise Bettencourt Meyers, heir to the L'Oréal fortune and Europe's richest woman, will retire from the board later this year, with the next generation of family members taking on more responsibility for the cosmetics company's governance.
Bettencourt Meyers, 71, will hand her role as vice-chairman to her son, Jean-Victor Meyers, 38, who is already a director, as is his younger brother, Nicolas. She will cede her board seat to Alexandre Benais, who heads Tethys Invest, the family's investment vehicle.
Run by executives from outside the family for decades, L'Oréal was founded in 1909 by Bettencourt Meyers' chemist grandfather, Eugene Schueller, to produce and sell a hair dye he had developed. Chief Executive Officer Nicolas Hieronimus has been at the helm since 2021.
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