THE WHAT? Markus Strobel, a key figure at Procter & Gamble’s skin and personal care divisions, is set to retire, prompting a leadership restructure within P&G Beauty. Freddy Bharucha and Sue Kyung Lee are ascending to global leadership positions, overseeing the company’s personal care and skin care portfolios, respectively, both reporting to P&G Beauty CEO Alex Keith from July 1.
THE DETAILS Throughout his tenure since 1991, Strobel has significantly influenced P&G’s beauty sector, notably reviving the SK-II brand to lead Asia’s skin care market. His strategic leadership across various brands has been instrumental in driving consistent growth and innovation within the company’s skin and personal care offerings.
THE WHY? Under Strobel’s stewardship, P&G Beauty has witnessed robust sales growth, with organic sales up 5 percent in the first fiscal quarter, despite economic pressures in crucial markets like China. The beauty segment’s strong performance, including $15 billion in sales for 2023, underscores the successful strategies and leadership at P&G Beauty.
Clinical aesthetics products refer to a category of products used in the field of medical aesthetics or cosmetic dermatology. These products are typically designed and formulated to be used under the supervision of healthcare professionals, such as dermatologists, plastic surgeons, or trained aestheticians. They are distinct from over-the-counter cosmetics in that they often contain active ingredients or formulations that require expertise in their application or administration.
Examples of clinical aesthetics products include:
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Dermal Fillers: Injectable substances used to add volume, smooth wrinkles, and enhance facial contours. Examples include hyaluronic acid fillers like Juvederm and Restylane.
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Botulinum Toxin (Botox): Injectables that temporarily paralyze facial muscles to reduce the appearance of wrinkles caused by repetitive movements, such as frown lines and crow's feet.
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Chemical Peels: Solutions applied to the skin to exfoliate and improve its texture. They can treat acne, pigmentation issues, and signs of aging.
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Laser and Light Therapies: Devices that emit focused light or laser energy to treat various skin conditions, including acne, scars, and signs of aging.
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Prescription Skincare Products: Formulations containing active ingredients like retinoids (vitamin A derivatives), hydroquinone, or prescription-strength antioxidants to address specific skin concerns under medical supervision.
