L’Oréal USA honors five women scientists at annual awards ceremony in NYC
NEW YORK — L’Oréal USA honored the recipients of the 2013 L’Oréal USA Fellowships For Women in Science at an awards ceremony Thursday evening. Celebrating its 10th year, the program is a national initiative that annually recognizes and rewards five U.S.-based post-doctoral women researchers.
Frédéric Rozé, president and CEO- L’Oréal USA; Suzie Davidowitz, SVP L’Oréal USA; Arpita Bose, Harvard University, microbiologist; Anisa Ismail, Princeton University, molecular biologist; Jessica Rosenworcel,FCC Commissioner; Mary Caswell Stoddard, Harvard University, evolutionary biologist and ornithologist; Robin Evans Stanley, National Institutes of Health, biochemist; Luisa-Whittaker Brooks, Princeton University, chemical and biological engineer; Shirley Malcom, head of directorate of Education and Human Resource Program.
“For 10 years, we have supported 50 post-doctorate female scientists. I am so proud to be a part of a company and initiative that supports innovation and merits women’s contribution to the sciences,” stated Suzie Davidowitz, SVP L’Oréal USA and For Women in Science ambassador.
This year’s awards ceremony was held at the American Museum of Natural History in New York City. The evening’s program welcomed honorary guests and keynote speaker FCC Commissioner Jessica Rosenworcel, who addressed and awarded this year’s winners.
"Programs like L’Oréal USA For Women In Science are so important. We need to continue to support women across all industries, especially in science, technology, engineering and math — the STEM fields that are driving the modern economy," Rosenworcel stated.
This year’s awards recognized and supported the following post-doctoral female scientists for their scientific research: Arpita Bose, Harvard University microbiologist; Luisa Whittaker-Brooks, Princeton University, chemical and biological engineering; Anisa Salim Ismail, Princeton University, molecular biology; Robin Evans Stanley, National Institutes of Health, biochemistry; Mary Caswell Stoddard, Harvard University, evolutionary biologist and ornithologist.
Each Fellow received up to $60,000 to support their post-doctoral research. In addition to awarding the grants, the program also offered the Fellows professional development workshops facilitated by the program’s partner, American Association for the Advancement of Science, and helped them build networks with female leaders in corporate, academic, government and scientific fields.
“We applaud the women honored through the L’Oréal USA Fellowships For Women in Science program, for their determination to make a difference with and through their science,” stated Shirley Malcom, head of directorate of Education and Human Resource Program with American Association for the Advancement of Science.
L’Oréal USA Fellowships For Women In Science is a national extension of the global L’Oréal — UNESCO For Women in Science program, which, since 1998, has honored 77 Laureates, including two who subsequently were awarded the Nobel Prize. The program has also supported more than 1,652 international Fellows who have made contributions in every field of scientific research. By the end of 2013, a total of 1,729 women scientists from more than 100 countries will have benefitted from the program.
P&G posts Q1 results
CINCINNATI — Procter & Gamble announced on Friday a boost in first-quarter sales and earnings, meeting expectations and positioning the company to deliver its goals for the fiscal year.
“P&G’s first quarter results were consistent with our plans and expectations, putting us on track to deliver our goals for the fiscal year,” stated chairman, president and CEO A.G. Lafley. “We have good market share momentum, a number of strong innovations coming to market over the balance of the year, and cost savings from productivity efforts that will continue to build. We remain focused on driving innovation and productivity. We continue to improve operating discipline and execution every day to create value for consumers and shareowners.”
Net earnings for the quarter totaled $3.03 billion, or $1.04 per diluted share, compared with $2.8 billion, or 96 cents per share, in the year-ago period.
Net sales rose 2% to $21.2 billion. Organic sales grew 4%, which were in-line or higher versus the prior year in all reporting segments.
The company stated that beauty segment organic sales increased 1% driven by innovation in hair care, deodorants, cosmetics and personal cleansing, coupled with market growth. This was partially offset by a decrease in skin care sales and unfavorable geographic and product mix.
Meanwhile, grooming segment organic sales increased 1% because of higher pricing and innovation on blades and razors and appliances, which were partially offset by unit volume market contraction in developed regions, P&G stated.
Looking to fiscal year 2014, P&G continues to expect organic sales growth of 3% to 4%. All-in sales growth is estimated in the range of 1% to 2%, including a negative foreign exchange impact of approximately 2%. Core earnings per share are expected to grow 5% to 7% for the fiscal year, and reported earnings per share are expected to grow in the range of 7% to 9%.
Former Sears Canada, Loblaws exec to take helm at Sephora Americas
SAN FRANCISCO and PARIS — Beauty retailer Sephora has announced that former Sears Canada and Loblaws executive Calvin McDonald has been named president and CEO of Sephora Americas, effective Jan. 1, 2014.
McDonald succeeds David Suliteanu, who has led Sephora since July 2000. Suliteanu is becoming the CEO of Kendo Brands, a separate LVMH entity, which creates new beauty brands, as well as acquires brands. The Kendo portfolio today includes brands, such as Ole Henriksen, Kat von D, Formula X and Marc Jacobs Beauty, with others in development.
“Calvin McDonald has established himself as a visionary and highly talented industry leader at two of Canada’s largest and most important retailers. We are delighted to welcome him to Sephora Americas. He will focus on building on the extraordinary growth of the business in new and existing markets and continue Sephora’s exceptional track record of industry leadership driven by David Suliteanu,” stated Christopher de Lapuente, CEO of Sephora Global and a member of the Executive Committee of LVMH. “David is moving on to lead Kendo, an incubator of exciting and creative brands beauty brands. I am delighted that he will continue to contribute to the success of Sephora and LVMH.”
Under Suliteanu’s leadership, Sephora has revolutionized the beauty industry in North America, by creating an entirely new retail shopping experience. Today, Sephora Americas offers in excess of 200 classic and emerging brands. Suliteanu and his team have: expanded Sephora’s base of stores in North America to more than 330; opened the Latin American market; led Sephora’s successful partnership with JCPenney now with more than 400 locations; launched Beauty Insider, Sephora’s client-loyalty program; and driven state-of-the-art enhancements to Sephora’s digital strategy.
“Thanks to a phenomenal team and the support of LVMH, the last 13 years at Sephora have been amazing. Based on his background in creating new and exciting consumer experiences, Calvin will be a great leader for the Sephora Americas team,” Suliteanu stated. “I am excited about the opportunity to continue to work with LVMH and Sephora in growing this new business model that a few years ago was just an idea.”
Added Mc Donald, “It is thrilling to be joining Sephora Americas, which is known across the retail industry for not only having revolutionized the beauty business, but also for delivering a consistent stream of innovation in terms of merchandise, experience and digital capabilities that excite and inspire customers. I am looking forward to working with the exceptional Sephora team to build on what they have accomplished under David’s leadership. Sephora Americas is an amazing success story, and I am proud and privileged to work with our cast members, brand partners and customers and colleagues worldwide as we work to take Sephora Americas to the next level of innovation and growth."
Both Sephora Americas and Kendo will report to de Lapuente.
Prior to accepting the position at Sephora Americas, McDonald was named president and CEO of Sears Canada in 2011. McDonald began his career at the Loblaw Cos., which is Canada’s largest food retailer with more than $32 billion in sales and is known for its private-label products across a variety of categories, including health and beauty, apparel, food and others. During his 18-year tenure at Loblaw, McDonald held various roles of increasing seniority across its many divisions. Among his many achievements was launching the most successful and integrated category campaign for President’s Choice, the most successful private brand in Canada, as well as launching the “Recipes to Riches” TV show.