Schaeffer steps down from OPI

Founder and CEO of Coty-owned nail care brand OPI (Coty) George Schaeffer is to retire from his post after 30 years of leading the brand. Despite stepping down, Schaeffer is expected to continue working with OPIs management team through a newly created role as the companys strategic board advisor. He will also focus on building charity organisation The Schaeffer Family Foundation and supporting multiple charities that advocate health related causes and childrens education.

Since Schaeffer founded OPI in 1981, the popular nail care brand now boasts a portfolio of over 400 unique shades.

"George puts his heart into everything that he does: the OPI business, the professional nail care industry and his philanthropy," said Michele Scannavini, CEO, Coty Inc. "I would like to thank George for his commitment over the years and wish him continued success in the future." "George is a visionary leader and entrepreneur," added Renato Semerari, president, Coty Beauty. "I am very thankful for his leadership in making OPI such an iconic brand and for his help in making OPI become an integral part of the Coty family. Im extremely pleased that he will remain involved in OPIs future."

Meanwhile, Coty has appointed Mary van Praag to General Manager of OPI. Van Praag will begin her new role on 1 January, replacing John Heffner.