It seems just like yesterday that Coty (NYSE: COTY) announced it was appointing Chairman Peter Harf as CEO. He was, he said at the time, "delighted to return to an active leadership role" and lead the embattled cosmetics company on a turnaround.
Well, it wasn't yesterday, but it was literally just one month ago, and the delight apparently faded quickly.
Coty just announced Sue Nabi, a former executive at L'Oreal and currently head of her own new-age skincare start-up Oreveda, will become the next CEO of the company. Harf will assume a more sedentary role once again, this time as executive chairman. With her appointment, Nabi will be Coty's fifth CEO in four years.