L'Oréal's Chairman and CEO Jean-Paul Agon announced earlier this year that he would be stepping down from his role. L'Oréal's Board of Directors met earlier this week to discuss the hand over of Jean-Paul's duties before July 2021. The Board announced its intention to renew Jean-Paul Agon’s mandate as Chairman, a position he has held since 2011, and to appoint Nicolas Hieronimus as Chief Executive Officer. Nicolas Hieronimus joined L’Oréal 33 years ago and has spent all his career with the Group, in many countries and divisions. He has been Deputy CEO in charge of Divisions since 2017.