On a volatile beauty market, 2025 was a year of major executive moves for many of beauty’s biggest players. The Estée Lauder Cos., Kenvue, Unilever, Kering and Shiseido all saw C-suite reshuffling last year, while Procter & Gamble and Coty Inc. both got new leaders at the beginning of 2026.
An analysis of CEO compensation for the publicly traded companies on the 2025 WWD Beauty Top 100, our annual ranking of the world’s largest manufacturers by sales, sees P&G’s Jon R. Moeller topping the list for the second year in a row, before the role was taken over by former chief operating officer Shailesh Jejurikar this January. Galderma’s Flemming Ørnskov was once again number two, with the number-three spot held by Coty Inc.’s Sue Nabi ahead of her departure in December.
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Of the 27 public companies that disclosed chief executive officer salary information, 11 saw their top management take a dip in pay and only 10 saw increases in their remuneration. The biggest increases were for Coty’s Nabi, whose pay was boosted by a share allocation, and Godrej Consumer Products’ Sudhir Sitapati, while the largest declines were for Beiersdorf’s Vincent Warnery, whose pay the previous year was bumped up by a stock allocation, and Puig’s Marc Puig, who was succeeded in the top role at the firm this March by Jose Manuel Albesa in another major management shake-up.
1.
Jon R. Moeller
Chairman, president and chief executive officer, Procter & Gamble Co.
TOTAL: $21,909,816
Change Versus Prior Year: -4.6%
Fiscal Year Ended: June 30, 2025
Company Net Sales: $84.3 billion, +0.4%
Base Salary: $1,637,500
Stock and Option Awards: $18,082,160
Bonus and Incentive Pay: $1,887,600
Other Compensation: $302,556
2.
Flemming Ørnskov
CEO, Galderma
Total: SFR 17,464,000 ($21,015,644)
Change Versus Prior Year: -8.1%
Fiscal Year Ended: Dec. 31, 2025
Company Net Sales: $5.21 billion, +18.1%
Base Salary: SFR 1,913,000 ($2,302,046)
Stock and Option Awards: SFR 11,433,000 ($13,758,123)
Bonus and Incentive Pay: SFR 3,826,000 ($4,604,091)
Other Compensation: SFR 292,000 ($351,384)
3.
Sue Nabi*
CEO, Coty Inc.
TOTAL: $19,691,333
Change Versus Prior Year: +171.6%
Fiscal Year Ended: June 30, 2025
Company Net Sales: $5.89 billion, -4%
Base Salary: $3,529,800
Stock and Option Awards: $16,041,664
Bonus and Incentive Pay: $0
Other Compensation: $119,869
*Sue Nabi left Coty in December 2025, with Markus Strobel taking over as interim CEO this January.
4.
Noel Wallace
Chairman, president and CEO, Colgate-Palmolive Co.
TOTAL: $16,478,196
Change Versus Prior Year: -9.6%
Fiscal Year Ended: Dec. 31, 2025
Company Net Sales: $20.38 billion, +1.4%
Base Salary: $1,500,000
Stock and Option Awards: $11,575,168
Bonus and Incentive Pay: $2,514,159
Other Compensation: $888,869
5.
Nicolas Hieronimus
CEO, L’Oréal
TOTAL: €12,042,828 ($13,592,357)
Change Versus Prior Year: +23%
Fiscal Year Ended: Dec. 31, 2025
Company Net Sales: €44.05 billion ($49.72 billion), +1.3%
Base Salary: €2,300,000 ($2,595,937)
Stock and Option Awards: €6,969,600 ($7,866,366)
Bonus and Incentive Pay: €2,762,000 ($3,117,381)
Other Compensation: €11,228.49 ($12,6773)
6.
Rod R. Little
President and CEO, Edgewell Personal Care
TOTAL: $9,754,366
Change Versus Prior Year: -3.2%
Fiscal Year Ended: Sept. 30, 2025
Company Net Sales: $2.22 billion, -1.3%
Base Salary: $1,100,000
Stock and Option Awards: $7,576,100
Bonus and Incentive Pay: $907,500
Other Compensation: $170,766
7.
Stéphane de La Faverie*
President and CEO, the Estée Lauder Cos.
TOTAL: $9,613,508
Change Versus Prior Year: N/A
Fiscal Year Ended: June 30, 2025
Company Net Sales: $14.33 billion, -8.2%
Base Salary: $1,375,000
Stock and Option Awards: $6,740,531
Bonus and Incentive Pay: $1,181,100
Other Compensation: $316,877
*Stéphane de La Faverie was promoted to President and Chief Executive Officer effective January 1, 2025. His base salary, bonus, and equity were prorated in the company’s financial statements for the time in his new role.
8.
Bernard Arnault
Chairman and CEO, LVMH Moët Hennessy Louis Vuitton
TOTAL: €7,937,878 ($8,959,230)
Change Versus Prior Year: Flat
Fiscal Year Ended: Dec. 31, 2025
Company Net Sales: €80.81 billion ($91.21 billion), -5%
Base Salary: €1,138,307 ($1,284,771)
Stock and Option Awards: €4,483,275 ($5,060,130)
Bonus and Incentive Pay: €2,200,000 ($2,483,070)
Other Compensation: €116,296 ($131,260)
9.
Axel Dumas
CEO, Hermès International
TOTAL: €7,832,677 ($8,840,493)
Change Versus Prior Year: +7.5%
Fiscal Year Ended: Dec. 31, 2025
Company Net Sales: €16.00 billion ($18.06 billion), +5.5%
Base Salary: €2,790,386 ($3,149,420)
Stock and Option Awards: N/A
Bonus and Incentive Pay: €5,042,291 ($5,691,073)
Other Compensation: N/A
10.
Tarang Amin
Chairman, CEO and president, E.l.f. Beauty
TOTAL: $8,834,379
Change Versus Prior Year: +4.7%
Fiscal Year Ended: March 31, 2025
Company Net Sales: $1.31 billion, +28.2%
Base Salary: $475,000
Stock and Option Awards: $7,399,879
Bonus and Incentive Pay: $950,000
Other Compensation: $9,500
11.
Kris Licht
CEO, Reckitt
Total: £5,800,020 ($7,641,660)
Change Versus Prior Year: -0.7%
Fiscal Year Ended: Dec. 31, 2025
Company Net Sales: £14.21 billion ($18.72 billion), +0.3%
Base Salary: £1,144,000 ($1,507,246)
Stock and Option Awards: £1,678,749 ($2,211,790)
Bonus and Incentive Pay: £2,745,600 ($3,617,391)
Other Compensation: £231,671 ($305,232)
12.
Kirk Perry*
CEO, Kenvue Inc.
TOTAL: $7,494,081
Change Versus Prior Year: N/A
Fiscal Year Ended: Dec. 28, 2025
Company Net Sales: $15.12 billion, -2.1%
Base Salary: $566,346
Stock and Option Awards: $5,201,290
Bonus and Incentive Pay: $1,500,000
Other Compensation: $226,445
*Kirk Perry took over as interim CEO of Kenvue in July 2025, prior to the announcement of its acquisition by Kimberly-Clark Corp. set to close this year.
13.
Carsten Knobel
Chairman, Henkel
TOTAL: €5,849,283 ($6,601,900)
Change Versus Prior Year: -14.4%
Fiscal Year Ended: Dec. 31, 2025
Company Net Sales: €20.50 billion ($23.14 billion), -5.1%
Base Salary: €1,575,000 ($1,777,652)
Stock and Option Awards: €1,453,042 ($1,640,002)
Bonus and Incentive Pay: €2,040,445 ($2,302,985)
Other Compensation: €780,796 ($881,260)
14.
Fernando Fernandez*
CEO, Unilever
Total: €5,628,000 ($6,352,144)
Change Versus Prior Year: N/A
Fiscal Year Ended: Dec. 31, 2025
Company Net Sales: €50.5 billion ($57.0 billion), -3.8%
Base Salary: €1,711,000 ($1,931,151)
Stock and Option Awards: €1,791,000 ($2,021,445)
Bonus and Incentive Pay: €1,752,000 ($1,977,427)
Other Compensation: €374,000 ($422,122)
*Fernando Fernandez was named CEO of Unilever effective March 1, 2025. He was previously chief financial officer. Numbers reflect both roles on a prorated basis.
15.
Ryan S. Napierski
President and CEO, Nu Skin Enterprises
TOTAL: $5,965,206
Change Versus Prior Year: -0.5%
Fiscal Year Ended: Dec. 31, 2025
Company Net Sales: $1.49 billion, -14.3%
Base Salary: $1,008,082
Stock and Option Awards: $4,616,823
Bonus and Incentive Pay: $219,250
Other Compensation: $121,050
16.
Marc Puig
Chairman and CEO, Puig
Total: €5,246,000 ($5,920,993)
Change Versus Prior Year: -59%
Fiscal Year Ended: Dec. 31, 2025
Company Net Sales: €5.04 billion ($5.69 billion), +5.3%
Base Salary: €1,805,000 ($2,037,246)
Stock and Option Awards: N/A
Bonus and Incentive Pay: €3,422,000 ($3,862,302)
Other Compensation: €19,000 ($21,445)
17.
François-Henri Pinault*
Chairman and CEO, Kering
Total: €4,223,414 ($4,766,833)
Change Versus Prior Year: -1%
Fiscal Year Ended: Dec. 31, 2025
Company Net Sales: €14.68 billion ($16.57 billion), -13%
Base Salary: €844,932 ($953,648)
Stock and Option Awards: N/A
Bonus and Incentive Pay: €3,316,787 ($3,743,552)
Other Compensation: €61,695 ($69,633)
*Calculated on a pro-rata basis until Sept. 14, 2025, when Luca de Meo took over as Kering’s CEO and the roles of chairman and CEO were separated.
18.
Saugata Gupta
Managing director and CEO, Marico Ltd.
TOTAL: 391,369,801 rupees ($4,491,637)
Change Versus Prior Year: +65.1%
Fiscal Year Ended: March 31, 2025
Company Net Sales: 108.31 billion rupees ($1.24 billion), +12.2%
Base Salary: 114,167,124 rupees ($1,310,263)
Stock and Option Awards: 208,681,724 rupees ($2,394,979)
Bonus and Incentive Pay: 63,430,361 rupees ($727,972)
Other Compensation: 5,090,592 rupees ($58,423)
19.
Sudhir Sitapati
Managing director and CEO, Godrej Consumer Products Ltd.
TOTAL: 351,200,000 rupees ($4,030,620)
Change Versus Prior Year: +84.6%
Fiscal Year Ended: March 31, 2025
Company Net Sales: 143.64 billion rupees ($1.65 billion), +1.9%
Base Salary: 69,400,000 rupees ($796,484)
Stock and Option Awards: N/A
Bonus and Incentive Pay: 118,400,000 rupees ($1,358,842)
Other Compensation: 163,400,000 rupees ($1,875,294)
20.
Vincent Warnery
Chairman, Beiersdorf
TOTAL: €2,411,000 ($2,721,219)
Change Versus Prior Year: -81.7%
Fiscal Year Ended: Dec. 31, 2025
Company Net Sales: €9.85 billion ($11.12 billion), FLAT
Base Salary: €2,000,000 ($2,257,336)
Stock and Option Awards: €0 ($0)
Bonus and Incentive Pay: €407,000 ($459,368)
Other Compensation: €4,000 ($4,515)
21.
Kentaro Fujiwara*
President and CEO, Shiseido Co.
TOTAL: ¥350,000,000 ($2,339,072)
Change Versus Prior Year: N/A
Fiscal Year Ended: Dec. 31, 2025
Company Net Sales: ¥970.0 billion ($6.48 billion), -2%
Base Salary: ¥71,000,000 ($474,497)
Stock and Option Awards: ¥210,000,000 ($1,403,443)
Bonus and Incentive Pay: ¥68,000,000 ($454,448)
Other Compensation: N/A
*Nomination effective Jan. 1, 2025
22.
Kazutoshi Kobayashi
President and CEO, Kosé Corp.
TOTAL: ¥328,000,000 ($2,192,044)
Change Versus Prior Year: +0.3%
Fiscal Year Ended: Dec. 31, 2025
Company Net Sales: ¥330.19 billion ($2.21 billion), +2.3%
Base Salary: ¥225,000,000 ($1,503,689)
Stock and Option Awards: N/A
Bonus and Incentive Pay: ¥103,000,000 ($688,355)
Other Compensation: N/A
23.
Jean Madar
Chairman and CEO, Inter Parfums Inc.
TOTAL: $2,000,000
Change Versus Prior Year: Flat
Fiscal Year Ended: Dec. 31, 2025
Company Net Sales: $1.49 billion, +2%
Base Salary: $2,000,000
Stock and Option Awards: $0
Bonus and Incentive Pay: $0
Other Compensation: $0
24.
Yoshihiro Hasebe
President and CEO, Kao Corp.
TOTAL: ¥281,000,000 ($1,877,941)
Change Versus Prior Year: -5.4%
Fiscal Year Ended: Dec. 31, 2025
Company Net Sales: ¥1.69 trillion ($11.29 billion), +3.7%
Base Salary: ¥87,000,000 ($581,426)
Stock and Option Awards: ¥98,000,000 ($654,940)
Bonus and Incentive Pay: ¥97,000,000 ($648,257)
Other Compensation: N/A
25.
Mohit Malhotra
CEO, Dabur India
TOTAL: 158,408,853 rupees ($1,818,012)
Change Versus Prior Year: +8.2%
Fiscal Year Ended: March 31, 2025
Company Net Sales: 125.63 billion rupees ($1.44 billion), +1.3%
Base Salary: 118,237,314 rupees ($1,356,975)
Stock and Option Awards: N/A
Bonus and Incentive Pay: 32,500,000 ($372,993)
Other Compensation: 7,671,539 rupees ($88,044)
26.
Song Hongquan
CEO, Mao Geping Cosmetics Co. Ltd.
Total: CNY 5,965,000 ($836,723)
Change Versus Prior Year: +12.9%
Fiscal Year Ended: Dec. 31, 2025
Company Net Sales: CNY 5.05 billion ($708.4 million), +30%
Base Salary: CNY 3,116,000 ($437,088)
Stock and Option Awards: N/A
Bonus and Incentive Pay: CNY 2,800,000 ($392,762)
Other Compensation: CNY 49,000 ($6,873)
27.
Lyu Yixiong
Chairman, executive director and CEO, Shanghai Chicmax Cosmetic Co. Ltd.
Total: CNY 1,406,000 ($197,223)
Change Versus Prior Year: +27%
Fiscal Year Ended: Dec. 31, 2025
Company Net Sales: CNY 9.18 billion ($1.29 billion), +35.1%
Base Salary: CNY 1,182,000 ($165,802)
Stock and Option Awards: N/A
Bonus and Incentive Pay: N/A
Other Compensation: CNY 224,000 ($31,421)
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 for their most recent fiscal year. The information includes salaries, bonuses and other remuneration received directly from the companies in 2025, but does not necessarily factor in earnings from ownership of company shares. Year-over-year percentage changes were calculated by WWD Beauty Inc.
Information was unavailable for the following public companies: Amorepacific, APR Co., Bath & Body Works, Befra, Giant Biogene Holding Co. Ltd., Guangdong Marubi Bio-technology Co., LG Household & Health Care, Lion Corp., Mandom Corp., Milbon Co. Ltd., Natura Cosméticos, Noevir Holdings, Oddity Tech Ltd., Olaplex, Pola Orbis Holdings, Proya Cosmetics Co. Ltd., Shanghai Jahwa United Co., Victoria’s Secret & Co., Yatsen Holding, Yunnan Botanee Bio-Technology Group Co. Ltd.
*CURRENCY CONVERSIONS: Sales figures in non-U.S. currencies were converted to the dollar using the following 2025 average exchange rates from the U.S. Inland Revenue Service (IRS). $1 = €0.886; ¥149.632; £0.759; CNY 7.129; 87.133 rupees; SFr 0.831.