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AI brief of an SEC Form 8-K · Coty (COTY)

Coty names Soraya Benchikh CFO effective September 1, succeeding Laurent Mercier

Neutral Impact 4 of 5 leadership Written later

Coty Inc. said Soraya Benchikh, formerly Chief Financial Officer of British American Tobacco, will succeed Laurent Mercier as Chief Financial Officer effective September 1, 2026, with Mercier serving through August 31, 2026. The company said Mercier's departure is not the result of any disagreement on operations, policies or practices, and the filing also raises Interim Chief Executive Officer Markus Strobel's base salary to $1.6 million from $1.25 million.

Key points

  • Mercier remains CFO through August 31, 2026; Benchikh takes over September 1, 2026.
  • Benchikh's employment agreement sets annual gross fixed compensation of €1,165,000 and a $2.5 million sign-on RSU award.
  • Strobel's base salary rises to $1.6 million from $1.25 million, effective September 1, 2026, with target bonus raised to 170% from 150%.
  • Benchikh will join Coty's Executive Committee and report directly to Strobel, per the press release.

The filing

CompanyCoty (COTY)
Form8-K, current report
Filed with the SECAug 20, 2026, 5:15 PM ET
Accession number0001024305-26-000050

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 20, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.