David Boynton is stepping down
after five years; member of the Natura &Co Board, Ian Bickley, appointed as interim Chief
Executive
LONDON, April 19, 2023 /PRNewswire/ -- (NYSE – NTCO;
B3 – NTCO3) The Body Shop announces the next chapter in its history
with David Boynton stepping down as
Chief Executive, and Ian Bickley, a
Natura &Co Board Director, taking the helm as interim CEO.
Ian is a seasoned expert in the retail and branded consumer
goods sector and has an extensive background in managing and
growing international franchise opportunities, driving global
omnichannel growth, and pioneering innovation. With a successful
track record in accelerating the international growth of Coach and
Crocs, as well as advising purpose-driven companies, Ian brings a
wealth of relevant experience to The Body Shop. Notably, he has a
deep understanding of the business, having previously served on
Natura &Co's Board Committee dedicated to The Body Shop, as
well as acting as an advisor.
In his new role, Ian will be working closely with The Body
Shop's Executive Leadership Team to refine and expand upon the
current business plan and accelerate the transformation agenda, to
speed up the road to profitability together with a return to
sustainable revenue. He will also be working closely with Natura
&Co Leadership to find a permanent successor to David. Ian's
experience and insights during his tenure will be invaluable in
shaping the future of The Body Shop.
Ian comments: "I am proud and honored to assume the important
responsibility of stewarding The Body Shop's tremendous legacy into
the future. In these incredibly challenging times, the world needs
The Body Shop's spirit of activism and outstanding social and
environmental credentials more than ever. It will be my privilege
to support the brand as we move into this next chapter and expand
its economic, social, and environmental potential to deliver
tangible and impactful results."
Ian succeeds David Boynton, who
led a brand and business transformation following the acquisition
of The Body Shop from L'Oréal. David also steered the company
through extraordinary circumstances, including the global pandemic,
the war in Ukraine, supply chain
and cost inflation challenges, and consumer uncertainty. More
recently, nearly 500 products have been rejuvenated as well as the
launch of the new Changemaking Workshop concept stores.
David comments: "We have achieved an incredible amount over the
last five and a half years. I am incredibly proud of the business
we have built together and the work we have done to get The Body
Shop back to the exciting and inspiring brand it was born to be. I
want to thank each and every person at The Body Shop for their
resourcefulness, resilience, creativity, passion and determination.
While I will no longer be Chief Executive of The Body Shop I will
continue to be cheering from the sidelines and look forward to
watching the business go on to even greater heights. I wish The
Body Shop every success for the future."
Fabio Barbosa, Natura &Co's
Group CEO comments: "David has shown incredible passion for The
Body Shop during his tenure. On behalf of the entire Natura &Co
Board, we want to acknowledge and thank him for his leadership. As
we bid farewell to David, we also look forward to this next chapter
in the story of The Body Shop. A chapter that holds endless
possibilities and prospects for success. It is with great
excitement that we welcome Ian
Bickley. Ian's passion for the retail sector and his track
record of success makes him the right leader to bring new energy to
the company. As part of his role, Ian will be working closely with
us to find a permanent successor and champion of Anita's legacy – a
legacy that continues to inspire us all."
About Natura &Co
Natura &Co is a global,
purpose-driven, multi-channel and multi-brand cosmetics group which
includes Avon, Natura, The Body
Shop and Aesop. Natura &Co posted net revenues of R$36.3 billion in 2022. The four companies that
form the group are committed to generating positive economic,
social and environmental impact. For 137 years Avon has stood for women: providing
innovative, quality beauty products which are primarily sold to
women, through women. Founded in 1969, Natura is a Brazilian
multinational in the cosmetics and personal care segment, leader in
direct sales. Founded in 1976 in Brighton, England, by Anita Roddick, The Body Shop is a global beauty
brand that seeks to make a positive difference in the world. The
Australian beauty brand Aesop was established in 1987 and is
renowned for creating products for skin, hair and the body with
meticulous attention to detail.
About The Body Shop
Founded in 1976, The Body Shop
became a certified B Corp™ in 2019. The Body Shop seeks to make
positive change in the world by offering high-quality, naturally
inspired products produced ethically and sustainably and campaigns
for social and environmental justice. Having pioneered the
philosophy that business can be a force for good, this ethos is
still the brand's driving force. The Body Shop today is a truly
omnichannel business with more than 2,500 retail locations (owned
and franchised) in more than 80 countries; The Body Shop at Home
direct to consumer channel in the UK and Australia; and an e-commerce presence in
nearly 60 markets.
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