Home » Algerian-born French entrepreneur Sue Nabi earns $149 million from Coty in 2023

Algerian-born French entrepreneur Sue Nabi earns $149 million from Coty in 2023

Nabi's $149.43-million compensation package reflects Coty's triumph in the fragrance industry

by Omokolade Ajayi
Sue Nabi

Sue Youcef Nabi (Sue Nabi), the Algerian-born French entrepreneur and business executive, received a compensation package amounting to $149.43 million from Coty — one of the world’s leading fragrance companies — for her contributions to the company’s financial success in 2023. 

Nabi, who became CEO of Coty in July 2022, received a base salary of $3.55 million with incentive stock options totaling $145.88 million — this hefty compensation reflects Nabi’s pivotal role in leading Coty towards impressive financial milestones.

Her exemplary leadership played a pivotal role in steering Coty towards solidifying its position as a global powerhouse in the fragrance industry, attaining the prestigious position of the second-largest enterprise for hair color and styling products, and achieving the remarkable status of the third-largest company in the realm of color cosmetics.

Breaking barriers in beauty: Sue Nabi’s inspiring journey from Algeria to the global stage

Nabi’s career in the beauty industry is marked by a string of accomplishments. Before joining Coty, she spent 20 years at L’Oréal, holding the title of President for both Lancôme and L’Oréal Paris — she has championed diversity and inclusion initiatives throughout her career.

The Algerian-born French entrepreneur also achieved a significant milestone in 2005 by becoming the worldwide president of L’Oréal Paris, where she implemented successful strategies and initiatives that grew the business significantly.

Sue Nabi delivers: Coty’s revenue and profit jump under her leadership

Under Nabi’s leadership, Coty has solidified its position as a global leader in the fragrance industry, with the group recording impressive financial performance under her leadership.

In 2023, the company reported impressive revenue and profit figures of $5.55 billion and $3.55 billion, respectively, representing a significant increase from the previous year. Additionally, Coty’s assets rose by a healthy 4.55 percent from $12.12 billion in 2022 to $12.66 billion in 2023.

Nabi’s $352-million stake underscores confidence in beauty giant’s future

Besides her executive and governance roles at Coty, Nabi also owns a significant stake in the company. She holds a beneficial ownership of 3.53 percent, which translates to 30,304,786 shares, currently valued at $352.14 million.

Nabi is a visionary leader who has made a significant impact on the global beauty industry. Her dedication to innovation, diversity, and inclusion has propelled Coty to new heights, and she continues to be a driving force in the ever-evolving beauty landscape.

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