Patrice Louvet (born 1964) is a French American business executive.
The CEO and president of the Ralph Lauren Corporation
Ralph Lauren Corporation is an American publicly traded fashion company that was founded in 1967 by American fashion designer Ralph Lauren. The company is headquartered in New York City, producing products ranging from the mid-range to the luxur ...
since July 17, 2017,[ he began his career at ]Procter & Gamble
The Procter & Gamble Company (P&G) is an American multinational consumer goods corporation headquartered in Cincinnati, Ohio, founded in 1837 by William Procter and James Gamble. It specializes in a wide range of personal health/consumer hea ...
(P&G) in 1989,[ where he held numerous executive roles across ]Northeast Asia
Northeast Asia or Northeastern Asia is a geographical subregion of Asia; its northeastern landmass and islands are bounded by the Pacific Ocean.
The term Northeast Asia was popularized during the 1930s by American historian and political scienti ...
,[ ]North America
North America is a continent in the Northern Hemisphere and almost entirely within the Western Hemisphere. It is bordered to the north by the Arctic Ocean, to the east by the Atlantic Ocean, to the southeast by South America and the Car ...
and Europe
Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia ...
.[ In 2015][ he became group president of P&G's global beauty] and hair care units,[ a role he held until June 30, 2017.][ He currently serves on the board of ]Bacardi Limited
Bacardi Limited (; ) is one of the largest privately held, family-owned Distilled beverage, spirits companies in the world. Originally known for its Bacardi brand of white rum, it now has a portfolio of more than 200 brands and labels. Founde ...
.[
]
Early life and education
Patrice Jean Louis Louvet[ was born in 1964][ in ]Saint-Cloud
Saint-Cloud () is a commune in the western suburbs of Paris, France, from the centre of Paris. Like other communes of Hauts-de-Seine such as Marnes-la-Coquette, Neuilly-sur-Seine and Vaucresson, Saint-Cloud is one of France's wealthiest towns ...
, France,[ spending his youth in both France and the United States.][ In 1986,][ Louvet graduated from ]ESCP Europe
ESCP Business School (french: École Supérieure de Commerce de Paris) is a French business school and ''grande école'' founded in Paris and based across Europe with campuses in Paris, Berlin, London, Madrid, Turin, and Warsaw. It is consiste ...
with a master's degree in business administration (MBA
A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounti ...
) and earned a second MBA[ from the ]University of Illinois
The University of Illinois Urbana-Champaign (U of I, Illinois, University of Illinois, or UIUC) is a public land-grant research university in Illinois in the twin cities of Champaign and Urbana. It is the flagship institution of the University ...
in 1987.[ During his graduate studies, he served as a marketing professor for undergraduate students and authored the book ''Overcoming Barriers to Entering the US Market''.] From 1987 until 1989, he briefly served as a naval officer
An officer is a person who holds a position of authority as a member of an armed force or uniformed service.
Broadly speaking, "officer" means a commissioned officer, a non-commissioned officer, or a warrant officer. However, absent context ...
and aide-de-camp to an Admiral in the French Navy
The French Navy (french: Marine nationale, lit=National Navy), informally , is the maritime arm of the French Armed Forces and one of the five military service branches of France. It is among the largest and most powerful naval forces in t ...
.[
]
Career
1989-2010
In 1989, Louvet joined P&G’s marketing department in France[ and was appointed marketing director for ]Pantene
Pantene () is a brand of hair care products owned by Procter & Gamble. The product line was first introduced in Europe in 1945 by Hoffmann-La Roche, which branded the name based on panthenol as a shampoo ingredient. It was purchased by Procter ...
’s global franchise[ in ]Cincinnati, Ohio
Cincinnati ( ) is a city in the U.S. state of Ohio and the county seat of Hamilton County. Settled in 1788, the city is located at the northern side of the confluence of the Licking and Ohio rivers, the latter of which marks the state line wit ...
[ ten years later. In 2002,][ he moved to Japan][ to become P&G's general manager for health care and hair care in northeast Asia,] returning to North America
North America is a continent in the Northern Hemisphere and almost entirely within the Western Hemisphere. It is bordered to the north by the Arctic Ocean, to the east by the Atlantic Ocean, to the southeast by South America and the Car ...
[ to spend four years in P&G's ]hair color
Human hair color is the pigmentation of human hair follicles due to two types of melanin: eumelanin and pheomelanin. Generally, if more melanin is present, the color of the hair is darker; if less melanin is present, the hair is lighter. The ...
ant division. In 2005,[ he became vice president of global hair colorants, running the ]Clairol
Clairol is the American personal care-product division of company Wella, specializing in hair coloring and hair care. Clairol was founded in 1931 by Americans Joan Gelb and her husband Lawrence M. Gelb, with business partner and lifelong frien ...
and Wella
Wella AG is a German hair care company headquartered in Geneva, Switzerland. Founded in 1880 by Franz Ströher, it specialises in hair care, styling and colorants sold to individuals as well as hairdressers and was controlled by Procter & Gamb ...
brands from Stamford, Connecticut
Stamford () is a city in the U.S. state of Connecticut, outside of Manhattan. It is Connecticut's second-most populous city, behind Bridgeport. With a population of 135,470, Stamford passed Hartford and New Haven in population as of the 2020 ...
.[
In March][ 2008 he transferred to ]Geneva
Geneva ( ; french: Genève ) frp, Genèva ; german: link=no, Genf ; it, Ginevra ; rm, Genevra is the List of cities in Switzerland, second-most populous city in Switzerland (after Zürich) and the most populous city of Romandy, the French-speaki ...
, Switzerland[ to serve as the vice president of future strategy and growth for the Global Prestige Products unit of Procter & Gamble. From 2010] to 2011, he served as president of the global prestige products unit, overseeing fragrances,[ skin care, cosmetics, hair care, and grooming,][ with brands such as ]Gucci
Gucci (, ; ) is an Italian high-end luxury fashion house based in Florence, Italy. Its product lines include handbags, ready-to-wear, footwear, accessories, and home decoration; and it licenses its name and branding to Coty, Inc. for fragrance ...
, Dolce & Gabbana
Dolce & Gabbana (), also known by initials D&G, is an Italian luxury fashion house founded in 1985 in Legnano by Italian designers Domenico Dolce and Stefano Gabbana. The house specializes in ready-to-wear, handbags, accessories, and cosmetic ...
, Hugo Boss
Hugo Boss AG, often styled as BOSS, is a luxury fashion house headquartered in Metzingen, Baden-Württemberg, Germany. The company sells clothing, accessories, footwear, and fragrances. Hugo Boss is one of the largest German clothing companies, ...
,[ ]Rochas
Rochas is a fashion, beauty, and perfume house founded in 1925 by French designer Marcel Rochas, the first designer of 2/3-length coats and skirts with pockets and one of the two designers, along with Elsa Schiaparelli, who launched the fashion fo ...
, and Lacoste
Lacoste S.A. is a French company, founded in 1933 by tennis player René Lacoste, and entrepreneur Mangkha. It sells clothing, footwear, sportswear, eyewear, leather goods, perfume, towels and watches. The company can be recognised by its gree ...
.[
]
2011-2017
In 2011, Louvet was named president of global shave care for P&G,[ overseeing ]Gillette Company
Gillette is an American brand of safety razors and other personal care products including shaving supplies, owned by the multi-national corporation Procter & Gamble (P&G).
Based in Boston, Massachusetts, United States, it was owned by The Gill ...
,[ and two years later group president of global grooming][ and shaving.][ The role gave him oversight of the company's grooming brands, including ]Braun
Braun is a common surname, originating from the German word for the color brown. The name is the 22nd most common family name in Germany. Many German emigrants to the United States also changed their name to ''Brown'' (''see Brown (surname)'') ...
electric razors, Venus
Venus is the second planet from the Sun. It is sometimes called Earth's "sister" or "twin" planet as it is almost as large and has a similar composition. As an interior planet to Earth, Venus (like Mercury) appears in Earth's sky never fa ...
razors,[ and the global Gillette shaving business.][
In 2015, P&G appointed Louvet][ to group president of the company's global beauty][ and hair care units.][ Louvet remained in this role following ]Coty Inc.
Coty Inc. is an American-French multinational beauty company founded in 1904 by François Coty. With its subsidiaries, it develops, manufactures, markets, and distributes fragrances, cosmetics, skin care, nail care, and both professional and reta ...
’s acquisition of Procter & Gamble's perfume, hair care and make-up US businesses in July 2015.[ In this role, he oversaw 12 brands in the global beauty unit, including ]Head & Shoulders
Head & Shoulders (H&S) is an American brand of anti-dandruff and non-dandruff shampoo produced by parent company Procter & Gamble. It was introduced in the United States on 1 January 1961 based in Manhattan and used the slogan THE AMERICA AND WORL ...
, Pantene,[ ]Olay
Olay, previously Oil of Olay, Oil of Olaz, Oil of Ulan or Oil of Ulay, is an American skin care brand owned by Procter & Gamble. For the 2009 fiscal year, which ended on June 30, Olay accounted for an estimated $2.8 billion of P&G's revenue.
Ear ...
, and Old Spice
Old Spice is an American brand of male grooming products encompassing aftershaves, deodorants and antiperspirants, shampoos, body washes, and soaps. It is manufactured by Procter & Gamble.
Old Spice was launched as Early American Old Spice by W ...
, which generated about $11.5 billion in combined revenue in 2016.[ By early 2017, Louvet had worked in six of P&G's 10 product categories.][
]
2017-present
In May 2017, the Ralph Lauren Corporation
Ralph Lauren Corporation is an American publicly traded fashion company that was founded in 1967 by American fashion designer Ralph Lauren. The company is headquartered in New York City, producing products ranging from the mid-range to the luxur ...
selected Louvet as its future CEO and president, effective July 17.[ Louvet also joined the Ralph Lauren board on July 17.][ With the appointment, Louvet became the third appointed CEO in the history of the Ralph Lauren Corporation. Founder Ralph Lauren stepped down as CEO in 2015 and remains as executive chairman and chief creative officer. Stefan Larsson became CEO in 2015,] but after he announced his resignation in February 2017,[ ]chief financial officer
The chief financial officer (CFO) is an officer of a company or organization that is assigned the primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financ ...
Jane Nielsen was appointed interim chief CEO[ on May 1][ while the company searched for a successor.][
Louvet stated plans to retire from P&G on June 30,][ with P&G saying it would name a successor to lead its beauty division at a later time.][ As the new Ralph Lauren CEO, Louvet reports to executive chairman and ]creative director
A creative director (or creative supervisor) is a person who makes high-level creative decisions and, with those decisions, oversees the creation of creative assets such as advertisements, products, events, or logos. Creative director positions ar ...
Ralph Lauren[ and the company's board of directors.] Lauren stated that he was "thrilled"[ about "finding the right partner to work with me," citing Louvet's “collaborative working style, transformation experience and intense focus on results.”][
]
Other activities
* Danone
Danone S.A. () is a French multinational corporation, multinational food-products corporation based in Paris. It was founded in Barcelona, Spain. It is listed on Euronext Paris where it is a component of the CAC 40 stock market index. Some of t ...
, Member of the Board of Directors (since 2022)[Marie Bartnik (24 February 2022)]
Le PDG de Ralph Lauren proposé au conseil d'administration de Danone
''Le Monde
''Le Monde'' (; ) is a French daily afternoon newspaper. It is the main publication of Le Monde Group and reported an average circulation of 323,039 copies per issue in 2009, about 40,000 of which were sold abroad. It has had its own website si ...
''.
* Bacardi Limited
Bacardi Limited (; ) is one of the largest privately held, family-owned Distilled beverage, spirits companies in the world. Originally known for its Bacardi brand of white rum, it now has a portfolio of more than 200 brands and labels. Founde ...
, Member of the Board of Directors (since 2012)
Personal life
As of May 2017, Louvet is based in the New York
New York most commonly refers to:
* New York City, the most populous city in the United States, located in the state of New York
* New York (state), a state in the northeastern United States
New York may also refer to:
Film and television
* '' ...
area.[ He and his wife Christine have two children.][
]
See also
* List of University of Illinois at Urbana-Champaign people
References
Further reading
*
*
{{DEFAULTSORT:Louvet, Patrice
1964 births
Living people
ESCP Europe alumni
French chief executives
People from Saint-Cloud
Gies College of Business alumni