The Davines Group, together with skincare brands Comfort Zone and Skin Regimen, has announced Paolo Braguzzi will leave his role as CEO and managing director, in May 2021.

Braguzzi will be replaced by current Davines North America CEO, Anthony Molet, but maintain his position as a board member.

He started his professional path in consumer marketing and joined Davines in 2004, when the company's turnover was €27m (US$32m, £24m).

By 2019, turnover had rocketed to €163m (US$195m,£146m).

In the last 16 years spent at Davines, Braguzzi broadly contributed to the growth of its brands and to its reputation worldwide, implementing its transformation into a B Corp in 2016, and a Benefit Corporation in 2019.

“Over the years Paolo paved a path for the company with a perfect balance between values, quality products and financial health, and I’m looking forward to continuing this journey,” commented Molet.

“I believe it’s increasingly the responsibility of companies to educate consumers and influence their behaviour towards a more sustainable world.”

Molet was raised in France and began his career by joining the New York subsidiary of a French family-owned company, manufacturing premium hair and skincare products, rapidly progressing to the role of sales director, first for their Salon and then Retail divisions, which also earned him the title of executive VP.

In 2008, Molet joined Davines North America as CEO and during his 13-year tenure, he’s implemented structure and continuity, resulting in steady growth that’s made North America a key market for the Davines Group.

With this announcement, Davine’s chair, Davide Bollati, thanked Braguzzi for his time and work at the company

“Paolo’s ethical and organisational leadership, personal and professional integrity and consistent commitment, not only led Davines to successful financial achievements but also contributed significantly to the company’s sustainability culture and to building a sustainability-driven, resilient community.”