Overview

• Françoise Bettencourt Meyers, 71, has formally stepped down from her position as vice-chair and board member of L’Oréal after nearly three decades of service.
• Her vice-chair role has been passed to her eldest son, Jean-Victor Bettencourt Meyers, 38, while her seat on the board will now be held by a representative of the family holding company, Téthys.
• Meyers will continue to oversee strategic decisions as president of Téthys, which remains L’Oréal’s largest shareholder with a 34.76% stake.
• This leadership transition marks the fourth generation of Bettencourt family governance at L’Oréal, ensuring continuity within the globally dominant cosmetics company.
• L’Oréal reported strong financial results for 2024, with €43.48 billion in revenue and €6.4 billion in net profit, underscoring the stability during this generational shift.