L'Oréal has officially appointed Pablo Isla as its new vice president and has proposed his candidacy for its board of directors during the upcoming general meeting. Isla, who is currently the chairman of Nestlé and formerly the CEO of Inditex, is expected to bring significant experience to the role. Along with Isla, L'Oréal will also present Anna Lenz as a candidate for a four-year term on the board, marking a strategic move for the company.

The decision to appoint Isla comes at the recommendation of Nestlé, which is one of L'Oréal's key shareholders owning approximately 20% of the company's capital. This move is indicative of the close ties between the two corporations and suggests that Nestlé is playing an influential role in L'Oréal's governance. Isla’s extensive background in the consumer goods sector is expected to strengthen L'Oréal's strategic direction amid a competitive market.

With a significant increase in revenue last year, reaching 44 billion euros, L'Oréal is positioning itself for continued growth in the beauty industry. This leadership change reflects the company's ambition to innovate and adapt in a rapidly changing market landscape, leveraging Isla's expertise to enhance its board's decision-making capabilities, particularly with regard to international expansion and marketing strategies.