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LRLCY - Lóreal names new chief executive only sixth in company's history
L'Oreal S.A. ADR
Reuters cites, French newspaper Le Figaro reported late on Tuesday that Lóreal ([[LRLCY]] +1.2%) set to name deputy CEO Nicolas Hieronimus as its new chief, replacing long-time boss Jean-Paul Agon.Agon would be stepping down in 2021, he was only the fifth CEO to Lóreal.Hieronimus has spent his career at the maker of Garnier shampoo and Lancome creams.He is groomed and ready to take over as Agon’s successor and second-in-command.Source