Puig Appoints Jose Manuel Albesa as CEO

This appointment, announced by the group on 17 March via a press release, formalises the separation of the roles of Chairman and Chief Executive Officer, in line with governance practices more closely aligned with the standards of major listed companies.

A long-standing figure within the company, Jose Manuel Albesa joined the Puig Group in 1998. Previously Deputy CEO and Chairman of the Beauty and Fashion division, he was already overseeing the group’s global operations and performance. Marc Puig, now Executive Chairman, will continue to work alongside him on strategic vision, particularly regarding mergers and acquisitions, whilst remaining the guardian of the group’s family culture.

Marc Puig, Executive Chairman of Puig, said: “ (...) With this significant announcement, Puig’s Board of Directors is opening a new chapter in the company’s governance. The separation of the roles of Executive Chairman and Chief Executive Officer is fully in line with the highest standards of best practice for publicly listed companies. I have worked closely with Jose Manuel for over 20 years and I am convinced that his talent, leadership and vision make him the ideal person to become CEO of Puig. His in-depth knowledge of our brands, our culture and our way of working will be essential to driving our company forward. I remain fully committed to Puig as Executive Chairman and look forward to continuing to work with Jose Manuel in this new chapter of our company’s history.”

This appointment comes shortly after the Barcelona-based group, which owns brands including Rabanne, Carolina Herrera, Charlotte Tilbury, Jean Paul Gaultier, Byredo and Dries Van Noten, closed the 2025 financial year with net turnover of €5.042 billion, up 5.3% on a reported basis and 7.8% on a like-for-like basis. In detail, the Fragrances and Fashion division, which accounts for 72% of sales, generated €3.64 billion in revenue in 2025. The group performed particularly well thanks to its portfolio of niche fragrances, led by Byredo, as well as the strong growth of Charlotte Tilbury in make-up.

Furthermore, Puig has announced the appointment of Miquel Angel Serra as the group’s Chief Financial Officer. He succeeds Joan Albiol, who had held the post since 2009 and who will remain Secretary to the Board of Directors, with the legal and mergers and acquisitions departments continuing to report to him. In his new role, Joan Albiol will continue to report to Marc Puig, Executive Chairman of Puig.

This management transition therefore reinforces the group’s positive momentum. In February, when the annual figures were published, Marc Puig noted that the group had exceeded the targets of its previous five-year plan, having more than doubled its turnover by 2022 and more than tripled its revenue by 2025 compared to 2020. Listed on the Madrid Stock Exchange since 3 May 2024, Puig now intends to embark on a new phase of development, and a strategic update can be expected at its Capital Markets Day on 14 April 2026.

The appointment of Jose Manuel Albesa thus appears to signal continuity: Puig is retaining its family DNA, whilst adapting its governance to its new status as a listed group and to its international ambitions.