Puig has named Jose Manuel Albesa as chief executive officer, effective immediately. He will work alongside Marc Puig, who is stepping away from his current role of chairman and CEO of the Spanish conglomerate and into the position of executive chairman.
The pair will work together to align Puig’s strategic vision and focus on M&A strategy, according to the group. Marc Puig will remain involved in key appointments within the company and across its beauty and fashion portfolio, which includes Charlotte Tilbury, Carolina Herrera, Rabanne, Jean Paul Gaultier, Nina Ricci, Byredo, Dries Van Noten, Dr. Barbara Sturm and others.
In a statement on Tuesday, Puig said: “This is an exciting time in Puig’s evolution, building on very strong foundations and growth to set the platform for the next stage of our development. With this important announcement, the board of Puig opens a new chapter in the company’s governance. I have worked closely with Jose Manuel for over 20 years and I have every confidence that his talent, leadership and vision make him ideally suited to become CEO of Puig.”
Albesa joined Puig in 1998 and has held various senior leadership positions across the company’s portfolio in brand development, marketing and operations. His most recent role was deputy CEO and beauty and fashion president. “I believe there is still significant potential ahead. This next phase is about renewing our energy, sharpening our focus and building on what makes Puig distinctive and I look forward to continuing this journey together with Marc Puig and all of our teams,” Albesa said in the statement.
In May, Manuel Albesa will be proposed as a member to the Puig board of directors at the group’s annual meeting. The company also announced the appointment of Miquel Angel Serra as chief financial officer, succeeding Joan Albiol.
In February, Puig reported that it finished 2025 with robust numbers reflected in its revenue increase of 7.8% on a like-for-like basis to €5 billion. Fragrance and fashion accounted for 72% of the group’s total revenue in 2025, growing 6.4% on a like-for-like basis. But it was makeup and skincare that saw the strongest category growth, rising 13.7% and 8.7% for the full year, respectively.
“[Albesa’s] deep understanding of our brands, our culture and the way we work will be crucial to drive our company forward. I remain fully committed to Puig as executive chairman and I am looking forward to continuing working with Jose Manuel in this new chapter of our company’s history,” said Puig.
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