Shares of Coty Inc (NYSE:COTY) ended Friday session in red amid volatile trading. The shares closed down -0.34 points or -1.43% at $23.39 with 14.85 million shares getting traded. Post opening the session at $23.83, the shares hit an intraday low of $23.38 and an intraday high of $24.00 and the price vacillated in this range throughout the day. The company has a market cap of $7.82 billion and the numbers of outstanding shares have been calculated to be 74.01 million shares.
Coty Inc (COTY) on July 21, 2016 announced that its Board of Directors has appointed Camillo Pane as Chief Executive Officer and member of the Coty Board, each effective as of the day following the closing of the merger of P&G Specialty Beauty into Coty, expected to occur in October 2016. Bart Becht, currently Interim CEO and Chairman of Coty, will continue to serve as the Chairman of Coty’s Board. Camillo Pane currently holds the position of Executive Vice President of Coty’s Category Development and is a member of the Coty Executive Committee.
Commenting on the appointment, Bart Becht, Chairman, says, “I’m very pleased to see Camillo appointed as CEO of Coty. He has an excellent track record of accelerating growth, improving business performance and strengthening capabilities to create a best-in-class organization. At Coty, he has already shown himself to be a very strong leader with an intense drive and passion to make Coty the new global challenger in Beauty for the benefit of both consumers and shareholders alike.”
There will be a steady transition between the current and the new CEO as the company focuses on its priorities of accelerating revenue growth and delivering an effective post-merger integration. Bart Becht will continue to focus on the integration where Coty’s management team has made extensive preparation to be able to deliver the financial benefits of the merger. Camillo Pane will, with immediate effect, focus fully on leading the revenue growth agenda in preparation for transitioning into the CEO role at the closing of the P&G transaction.
Shares of General Motors Company (NYSE:GM) ended Friday session in red amid volatile trading. The shares closed down -0.27 points or -0.83% at $32.12 with 9.81 million shares getting traded. Post opening the session at $32.10, the shares hit an intraday low of $32.05 and an intraday high of $32.37 and the price vacillated in this range throughout the day. The company has a market cap of $50.61 billion and the numbers of outstanding shares have been calculated to be 1.56 billion shares.
General Motors Company (GM) announced that it will release its third quarter 2016 financial results on Tuesday, Oct. 25 at approximately 7:30 a.m. EDT.
A press release, financial highlights and presentation slides with notes will be available on the company’s Investor Relations website, http://investor.gm.com in the Earnings Release section, and on GM’s media website, http://media.gm.com.
GM will host a conference call for financial analysts at 10 a.m. EDT to review the results and answer questions. The call-in numbers are:
Conference Call Name: GM Earnings Call
Please dial in at least 15 minutes in advance to ensure timely connection to the call. Audio webcast and taped replay information is available on the GM Investor Relations website.