Puig appoints a new CEO, but Marc Puig remains chairman

BarcelonaThe Catalan multinational fragrance company Puig has appointed a new CEO. Executive José Manuel Albesa, currently the company's deputy CEO, will assume this role, which is currently held—along with the chairmanship of the group—by Marc Puig, the company announced in a statement on Tuesday. With this appointment, Marc Puig will step down from the chairmanship but will remain as executive chairman. "Marc Puig will work closely with José Manuel Albesa to align the strategic vision, while remaining focused on the mergers and acquisitions strategy," the statement reads. The appointment is effective immediately and has already been approved by the multinational's board of directors, with the endorsement of the appointments and remuneration committee. The decision to separate the chairmanship and CEO positions, which were previously held by the same person, is "in line with best practices for listed companies," according to the company. "The separation of roles aligns with the highest standards of best practices," the group's president stated in the same press release. Puig, a family-owned company since its inception, went public in May 2024 and It entered the select group of the Ibex 35 —the index that groups the 35 largest companies on the Spanish stock exchanges— two months later.

Besides being the deputy CEO, Albesa is currently also chairman of beauty and fashion (beauty and fashion) of the group worldwide, "with responsibility for global operations and all Puig divisions," the statement explains. The executive joined the company in 1998 and has held various positions in brand development, marketing, and operations, in addition to playing "a central role in the strategic development and international expansion of the group's fragrance and fashion portfolio," the document adds.

New Chief Financial Officer

In addition to Albesa's appointment, the multinational's board of directors has also approved the replacement of Joan Albiol with Miquel Àngel Serra as chief financial officer (chief financial officer or FCO). Albiol, who had held the position since 2009, will remain as secretary of the board of directors. Puig, headquartered in Hospitalet de Llobregat, is one of the world's leading companies in the perfume and makeup sector, with brands such as Carolina Herrera, Rabanne, Jean Paul Gaultier, and Nina Ricci. In 2025, Puig's revenue reached €5.042 billion, a 5.3% increase year-on-year, with profits of €594 million, an 11.9% rise.