L'Oréal Appoints New Managing Director in the Region

L'Oréal has appointed a new managing director for the Czech, Hungarian and Slovakian markets. Monika Masewicz took up the post from January 1, 2025, the company told MTI on Monday.

The new managing director joined the company in 2015, and in recent years she was the director responsible for L'Oréal's skin care business in Poland and the Baltic region.

L'Oréal employs 694 people in the Czech Republic, Hungary and Slovakia. The group has 37 international brands and 90,000 employees. In 2023, the company had a turnover of EUR 41.18 billion. It employs more than 4,000 researchers and 6,400 IT specialists in 20 research centers in 11 countries around the world.

The French group L'Oréal SA, one of the world's largest cosmetics manufacturers, had sales of EUR 10.28 billion in the third quarter of 2024, up 2.8% from a year earlier. On a comparable basis, sales rose 3.4%.