Damien Favre Named President of L'Oréal Dermatological Beauty Division North America

L’Oréal Groupe has appointed Damien Favre as President of its Dermatological Beauty Division for the North America Zone, succeeding Christina Fair. Favre previously led the Consumer Products Division in Latin America, where he significantly increased net sales and established the division as the fastest-growing zone. CEO David Greenberg praised Favre's extensive experience and commitment to innovation, which are expected to enhance the division's offerings in dermatological solutions. Favre's career with L'Oréal began in 2005, and he has held various leadership roles across Europe and Latin America. This leadership change comes as L’Oréal USA faces slower sales growth in the North American market, particularly in the makeup category. The Dermatological Beauty Division includes renowned brands such as CeraVe and La Roche-Posay.