Coty names fourth new CEO in four years

Coty Inc. has named company chairman Peter Harf as its new chief executive officer. The hiring of Mr. Harf is considered a surprise. He is also one of two managing partners of JAB Holding Co., which is Coty's largest shareholder. JAB also includes Keurig DrPepper, Krispy Kreme, Panera Bread, Peet's Coffee among its portfolio holdings.