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Ranking Beauty’s Highest-Paid CEOs in 2023

Coty’s Sue Nabi was number one with a total package of $149.4 million.

Ranking Beauty’s Highest-Paid CEOs in 2023

The top-paid CEOs in the beauty industry for 2023.

Coty’s Sue Nabi returned to the top of the list as beauty’s highest-paid chief executive officer by a long shot in 2023, thanks to a stock allocation of $145.9 million, with graded vesting over several years, subject to conditions. In second position, the Estée Lauder Cos.’ Fabrizio Freda saw his pay decline for the second year in a row, principally due to a big drop in performance-related incentive pay.

Executives for U.S. companies remained the biggest earners, with the remainder of the top 10 earners occupied by consumer-goods and health care heavyweights, rather than pure beauty players. The only exception was L’Oréal’s Nicolas Hieronimus, at number nine on the list.

Aside from Nabi’s massive 4,100 percent pay hike, the biggest rises were seen by Inter Parfums Inc.’s Jean Madar and Clorox Co.’s Linda Rendle. At the opposite end of the scale, the biggest declines were seen by Shiseido’s Masahiko Uotani, Saugata Gupta of India’s Marico Ltd., and former Walgreens Boots Alliance head Rosalind Brewer.

1.

Sue Nabi

Chief executive officer, Coty Inc.

TOTAL: $149,429,486

Change Versus Prior Year: +4,100%

Fiscal Year Ended: June 30, 2023

Net Sales: $5.55 billion, +5%

Base Salary: $3,549,000

Stock and Option Awards: $145,875,000

Bonus and Incentive Pay: $0

Other Compensation: $5,486

2.

Fabrizio Freda

President and chief executive officer, The Estée Lauder Cos.

TOTAL: $21,811,244

Change Versus Prior Year: -14.3%

Fiscal Year Ended: June 30, 2023

Net Sales: $15.91 billion, -10%

Base Salary: $2,100,000

Stock and Option Awards: $15,625,008

Bonus and Incentive Pay: $3,773,050

Other Compensation: $313,186

3.

Jon R. Moeller

President and chief executive officer, Procter & Gamble Co.

TOTAL: $21,715,625

Change Versus Prior Year: +22.6%

Fiscal Year Ended: June 30, 2023

Net Sales: $82 billion, +2%

Base Salary: $1,600,000

Stock and Option Awards: $14,997,563

Bonus and Incentive Pay: $4,712,000

Other Compensation: $406,062

4.

Thibaut Mongon

Chief executive officer, Kenvue Inc.*

TOTAL: $19,722,593

Change Versus Prior Year: N/A

Fiscal Year Ended: Dec. 31, 2023

Net Sales: $15.44 billion, +3.3%

Base Salary: $1,243,750

Stock and Option Awards: $14,932,319

Bonus and Incentive Pay: $3,518,750

Other Compensation: $27,774

*Kenvue Inc. is the former consumer health activity of Johnson & Johnson, which went public in a carve-out in May 2023.

5.

Noel Wallace

Chairman, president and chief executive officer, Colgate-Palmolive Co.

TOTAL: $17,121,584

Change Versus Prior Year: +18.4%

Fiscal Year Ended: Dec. 31, 2023

Net Sales: $19.46 billion, +8.5%

Base Salary: $1,475,000

Stock and Option Awards: $9,938,958

Bonus and Incentive Pay: $4,777,764

Other Compensation: $929,862

6.

Rosalind Brewer

Former chief executive officer, Walgreens Boots Alliance*

TOTAL: $14,134,190

Change Versus Prior Year: -18.2%

Fiscal Year Ended: Aug. 31, 2023

Net Sales: $139.1 billion, +4.8%

Base Salary: $1,500,000

Stock and Option Awards: $10,639,786

Bonus and Incentive Pay: $0

Other Compensation: $1,994,404

*Rosalind Brewer stepped down on Aug. 31, 2023.

7.

Linda Rendle

Chief executive officer, Clorox Co.

TOTAL: $11,649,650

Change Versus Prior Year: +36.5%

Fiscal Year Ended: June 30, 2023

Net Sales: $7.39 billion, +4%

Base Salary: $1,168,269

Stock and Option Awards: $6,999,700

Bonus and Incentive Pay: $3,122,606

Other Compensation: $359,076

8.

Matthew T. Farrell

Chairman, president and chief executive officer, Church & Dwight Co. Inc.

TOTAL: $11,182,166

Change Versus Prior Year: +33.5%

Fiscal Year Ended: Dec. 31, 2023

Net Sales: $5.87 billion, +9.2%

Base Salary: $1,183,975

Stock and Option Awards: $7,232,300

Bonus and Incentive Pay: $2,530,700

Other Compensation: $235,191

9.

Nicolas Hieronimus

Chief executive officer, L’Oréal

TOTAL: €10,326,000 ($11,166,949)

Change Versus Prior Year: +1.8%

Fiscal Year Ended: Dec. 31, 2023

Net Sales: €41.18 billion ($44.53 billion), +7.6%

Base Salary: €2,000,000 ($2,162,880)

Stock and Option Awards: €6,066,000 ($6,560,015)

Bonus and Incentive Pay: €2,260,000 ($2,444,054)

Other Compensation: N/A

10.

Martin Waters

Chief executive officer, Victoria’s Secret & Co.

TOTAL: $10,925,251

Change Versus Prior Year: -12.7%

Fiscal Year Ended: Feb. 3, 2024

Net Sales: $6.18 billion, -3%

Base Salary: $1,250,000

Stock and Option Awards: $8,851,198

Bonus and Incentive Pay: $788,738

Other Compensation: $35,315

11.

Rod R. Little

President and chief executive officer, Edgewell Personal Care

TOTAL: $10,157,128

Change Versus Prior Year: +12.8%

Fiscal Year Ended: Sept. 30, 2023

Net Sales: $2.25 billion, +3.7%

Base Salary: $1,095,833

Stock and Option Awards: $7,560,774

Bonus and Incentive Pay: $1,727,440

Other Compensation: $133,081

12.

Jérôme Lambert

Group chief executive officer, Compagnie Financière Richemont

TOTAL: SFR 7,979,917 ($8,884,441)

Change Versus Prior Year: +7.4%

Fiscal Year Ended: March 31, 2023

Net Sales: SFR 19.95 billion ($22.21 billion), +19%*

Base Salary: SFR 1,951,094 ($2,172,251)

Stock and Option Awards: SFR 4,063,369 ($4,523,952)

Bonus and Incentive Pay: SFR 1,486,990 ($1,655,540)

Other Compensation: SFR 478,464 ($532,698)

*Not including sales for YNAP in 2022

13.

Bernard Arnault

Chairman and chief executive officer, LVMH Moët Hennessy Louis Vuitton

TOTAL: €7,937,090 ($8,583,487)

Change Versus Prior Year: Flat

Fiscal Year Ended: Dec. 31, 2023

Net Sales: €86.15 billion ($93.17 billion), +9%

Base Salary: €1,138,307 ($1,231,011)

Stock and Option Awards: €4,483,473 ($4,848,607)

Bonus andIncentive Pay: €2,200,000 ($2,379,168)

Other Compensation: €115,310 ($124,701)

14.

Carsten Knöbel

Chairman, Henkel

TOTAL: €6,749,320 ($7,298,985)

Change Versus Prior Year: -1.6%

Fiscal Year Ended: Dec. 31, 2023

Net Sales: €21.51 billion ($23.26 billion), -3.9%

Base Salary: €1,500,000 ($1,622,160)

Stock and Option Awards: €1,304,533 ($1,410,774)

Bonus and Incentive Pay: €3,150,000 ($3,406,536)

Other Compensation: €794,787 ($859,515)

15.

Axel Dumas

Chief executive officer, Hermès International

TOTAL: €5,852,276 ($6,328,885)

Change Versus Prior Year: +30.4%

Fiscal Year Ended: Dec. 31, 2023

Net Sales: €13.4 billion ($14.49 billion), +16%

Base Salary: €2,203,574 ($2,383,033)

Stock and Option Awards: N/A

Bonus and Incentive Pay: €3,648,702 ($3,945,852)

Other Compensation: N/A

16.

Ryan S. Napierski

President and chief executive officer, Nu Skin Enterprises

TOTAL: $5,838,579

Change Versus Prior Year: +22.5%

Fiscal Year Ended: Dec. 31, 2023

Net Sales: $1.97 billion, -12%

Base Salary: $991,918

Stock and Option Awards: $4,046,074

Bonus and Incentive Pay: $641,300

Other Compensation: $159,287

17.

Tarang Amin

Chairman, chief executive officer and president, E.l.f. Beauty

TOTAL: $5,634,119

Change Versus Prior Year: +7.6%

Fiscal Year Ended: March 31, 2023

Net Sales: $578.8 million, + 48%

Base Salary: $475,000

Stock and Option Awards: $4,199,619

Bonus and Incentive Pay: $950,000

Other Compensation: $9,500

18.

Saugata Gupta

Managing director and chief executive officer, Marico Ltd.

TOTAL: 251,075,800 rupees ($3,040,377)

Change Versus Prior Year: -30.5%

Fiscal Year Ended: March 31, 2023

Net Sales: 97.64 billion rupees ($1.18 billion), +3%

Base Salary: 86,875,092 rupees ($1,052,005)

Stock and Option Awards: 100,000,000 rupees ($1,210,940)

Bonus and Incentive Pay: 60,308,820 rupees ($730,304)

Other Compensation: 3,891,888 rupees ($47,128)

19.

Vincent Warney

Chairman, Beiersdorf

TOTAL: €2,512,000 ($2,716,577)

Change Versus Prior Year: -3.9%

Fiscal Year Ended: Dec. 31, 2023

Net Sales: €9.45 billion ($10.22 billion), +7.4%

Base Salary: €1,000,000 ($1,081,440)

Stock and Option Awards: €0 ($0)

Bonus and Incentive Pay: €1,507,000 ($1,629,730)

Other Compensation: €5,000 ($5,407)

20.

Kazutoshi Kobayashi

President and chief executive officer, Kosé Corp.

TOTAL: ¥343,000,000 ($2,446,266)

Change Versus Prior Year: +32.4%

Fiscal Year Ended: Dec. 31, 2023

Net Sales: ¥300.41 billion ($2.14 billion), +3.9%

Base Salary: ¥220,000,000 ($1,569,033)

Stock and Option Awards: N/A

Bonus and Incentive Pay: ¥123,000,000 ($877,232)

Other Compensation: N/A

21.

Masahiko Uotani

Chairman and chief executive officer, Shiseido Co.

TOTAL: ¥301,000,000 ($2,146,723)

Change Versus Prior Year: -43.3%

Fiscal Year Ended: Dec. 31, 2023

Net Sales: ¥973.04 billion ($6.94 billion), -8.8%

Base Salary: ¥169,000,000 ($1,205,303)

Stock and Option Awards: ¥60,000,000 ($427,918)

Bonus and Incentive Pay: ¥72,000,000 ($513,502)

Other Compensation: N/A

22.

Jean Madar

Chairman and chief executive officer, Inter Parfums Inc.

TOTAL: $2,000,000

Change Versus Prior Year: +62.6%

Fiscal Year Ended: Dec. 31, 2023

Net Sales: $1.32 billion, +21%

Base Salary: $2,000,000

Stock and Option Awards: $0

Bonus and Incentive Pay: $0

Other Compensation: $0

23.

Jonathan Myers

Chief executive officer, PZ Cussons

TOTAL: £1,571,539 ($1,954,366)

Change Versus Prior Year: +36.5%

Fiscal Year Ended: May 31, 2023

Net Sales: £656.3 million ($816.2 million), +10.7%

Base Salary: £607,797 ($755,856)

Stock and Option Awards: £142,763 ($177,540)

Bonus and Incentive Pay: £736,331 ($915,701)

Other Compensation: £84,648 ($105,268)

24.

Sudhir Sitapati

Managing director and chief executive officer, Godrej Consumer Products Limited

TOTAL: 144,300,000 rupees ($1,747,386)

Change Versus Prior Year: N/A

Fiscal Year Ended: March 31, 2023

Net Sales: 75.31 billion rupees ($912.0 million), +10.4%

Base Salary: 58,400,000 rupees ($707,189)

Stock and Option Awards: N/A

Bonus and Incentive Pay: 30,000,000 rupees ($363,282)

Other Compensation: 55,900,000 rupees ($676,916)

25.

Mohit Malhotra

Chief executive officer, Dabur India

TOTAL: 133,542,420 rupees ($1,617,119)

Change Versus Prior Year: -8.6%

Fiscal Year Ended: March 31, 2023

Net Sales: 115.3 billion rupees ($1.40 billion), +6%

Base Salary: 99,801,318 rupees ($1,208,534)

Stock and Option Awards: N/A

Bonus and Incentive Pay: 27,300,000 rupees ($330,587)

Other Compensation: 6,441,102 rupees ($77,998)

26.

Alex Pan

Chairman and chief executive officer, Shanghai Jahwa United Co. Ltd

TOTAL: CNY 7,715,000 ($1,090,878)

Change Versus Prior Year: -15%

Fiscal Year Ended: Dec. 31, 2023

Net Sales: CNY 6.6 billion ($933.2 million), -7.1%

Base Salary: N/A

Stock and Option Awards: N/A

Bonus and Incentive Pay: N/A

Other Compensation: N/A

27.

André Hoffmann

Chief executive officer, L’Occitane Group*

TOTAL: €939,000 ($1,015,472)

Change Versus Prior Year: N/A

Fiscal Year Ended: March 31, 2023

Net Sales: €2.13 billion ($2.30 billion), +19.8%

Base Salary: €659,000 ($712,669)

Stock and Option Awards: N/A

Bonus and Incentive Pay: €280,000 ($302,803)

Other Compensation: N/A

*André Hoffmann stepped down from his role on March 31, 2024

28.

Yoshihiro Hasebe

President and chief executive officer, Kao Corp.

TOTAL: ¥141,000,000 ($1,005,608)

Change Versus Prior Year: -4.1%

Fiscal Year Ended: Dec. 31, 2023

Net Sales: ¥1.53 trillion ($10.9 billion), -1.2%

Base Salary: ¥87,000,000 ($620,481)

Stock and Option Awards: ¥25,000,000 ($178,299)

Bonus and Incentive Pay: ¥29,000,000 ($206,827)

Other Compensation: N/A

29.

Harsha V. Agarwal

Vice chairman and managing director, Emami Ltd.

TOTAL: 61,808,000 rupees ($748,458)

Change Versus Prior Year: N/A

Fiscal Year Ended: March 31, 2023

Net Sales: 33.62 billion rupees ($407.1 million), +6.6%

Base Salary: 26,400,000 rupees ($319,688)

Stock and Option Awards: N/A

Bonus and Incentive Pay: 30,000,000 rupees ($363,282)

Other Compensation: 5,408,000 rupees ($65,488)

29.

Mohan Goenka

Vice chairman and whole-time director, Emami Ltd.

TOTAL: 61,808,000 rupees ($748,458)

Change Versus Prior Year: N/A

Fiscal Year Ended: March 31, 2023

Net Sales: 33.62 billion rupees ($407.1 million), +6.6%

Base Salary: 26,400,000 rupees ($319,688)

Stock and Option Awards: N/A

Bonus and Incentive Pay: 30,000,000 rupees ($363,282)

Other Compensation: 5,408,000 rupees ($65,488)

This list contains publicly available information for the listed companies featuring on the WWD Beauty Inc Top 100 list of the world’s largest beauty manufacturers. The information includes salaries, bonuses and other remuneration received directly from the companies in 2023, but does not necessarily factor in earnings from ownership of company shares. Year-on-year percentage changes were calculated by WWD Beauty Inc.

Due to leadership changes in 2023, information was not included for Olaplex and Unilever.

Principally due to geographic differences in financial reporting obligations, information was also unavailable for the following public companies: Amorepacific, Bath & Body Works, Bloomage Biotechnology Co., Fancl, Guangdong Marubi Bio-technology Co., LG Household & Health Care, Lion Corp., Mandom Corp., Milbon Co. Ltd., Natura & Co., Noevir Holdings, Oddity Tech Ltd., Pola Orbis Holdings, Proya Cosmetics Co. Ltd., Shanghai Chicmax Cosmetic Co., S’Young Group Co. Ltd., Yatsen Holding, Yunnan Botanee Bio-Technology Group Co. Ltd.

*CURRENCY CONVERSIONS: Figures in non-U.S. currencies were converted to the dollar using the following 2023 average exchange rates from Oanda.com:

€1=$1.08144; ¥1=$0.00713197; £1=$1.24360; CNY 1=$0.141397; 1 Rupee=$0.0121094; 1 SFr=$1.11335.

Tags

  • Coty Inc.
  • Estée Lauder
  • L’Oréal
  • Procter & Gamble Co

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