Puig Appoints Long-Time Executive Albesa as Deputy CEO to Drive Future Growth

Puig, the Spanish luxury conglomerate renowned for its high-end fashion, perfumery, and cosmetics, is embarking on a significant organizational restructuring by introducing the pivotal role of Deputy CEO. This newly established position is entrusted to José Manuel Albesa, a long-standing executive who has been an integral part of the company since 1998, underscoring Puig's commitment to reinforcing its leadership structure and driving future growth.

Marc Puig, the group's President and CEO, formally announced Albesa's appointment in a press release, expressing profound confidence in his capabilities. "We have created the position of deputy CEO of Puig, to whom all divisions will report, for which I am pleased to announce the appointment of José Manuel Albesa," stated Marc Puig. He further elaborated on their close working relationship since 2004, praising Albesa's "passion, understanding of Puig's values, and talent as a brand builder and leader" as instrumental in transforming Puig into a global premium beauty powerhouse. Marc Puig affirmed his continued dedication to his own role as chairman and CEO, emphasizing their collaborative efforts to ensure Puig's robust future.

The company detailed that the creation of this strategic role is designed to significantly propel its development and strategy across all business segments. Albesa will report directly to Marc Puig, serving as a central figure for all divisions within the group. Notably, he will also retain his current responsibilities as president of Puig's beauty and fashion division, highlighting his continued influence in a core area of the business. This appointment reflects Puig's strategy of leveraging its rich internal talent pool for key leadership positions.

José Manuel Albesa's illustrious career at Puig spans over two decades, during which he has played a crucial role in shaping the company's strategic direction and spearheading the global expansion of its extensive fragrance and fashion portfolio. Throughout his tenure, Albesa has held various senior management roles across brand development, marketing, and innovation. Among his most significant achievements is the successful repositioning of iconic brands such as Rabanne, Carolina Herrera, and Jean Paul Gaultier, elevating them to rank among the top ten fragrance brands globally.

This significant leadership enhancement comes as Puig reports strong financial results for the first half of fiscal 2025. The company posted impressive net sales of 2299 million euros and a net attributable profit of 275 million euros, marking a substantial increase of 78.8% compared to the same period in the previous year. These robust figures underscore Puig's strong market position as it moves forward with this strategic organizational evolution.