The Body Shop enters its next chapter

David Boynton is stepping down after five years; member of the Natura &Co Board, Ian Bickley, appointed as interim Chief Executive

LONDON, April 19, 2023 /PRNewswire/ -- (NYSE – NTCO; B3 – NTCO3) The Body Shop announces the next chapter in its history with David Boynton stepping down as Chief Executive, and Ian Bickley, a Natura &Co Board Director, taking the helm as interim CEO.

Ian is a seasoned expert in the retail and branded consumer goods sector and has an extensive background in managing and growing international franchise opportunities, driving global omnichannel growth, and pioneering innovation. With a successful track record in accelerating the international growth of Coach and Crocs, as well as advising purpose-driven companies, Ian brings a wealth of relevant experience to The Body Shop. Notably, he has a deep understanding of the business, having previously served on Natura &Co's Board Committee dedicated to The Body Shop, as well as acting as an advisor.

In his new role, Ian will be working closely with The Body Shop's Executive Leadership Team to refine and expand upon the current business plan and accelerate the transformation agenda, to speed up the road to profitability together with a return to sustainable revenue. He will also be working closely with Natura &Co Leadership to find a permanent successor to David. Ian's experience and insights during his tenure will be invaluable in shaping the future of The Body Shop.

Ian comments: "I am proud and honored to assume the important responsibility of stewarding The Body Shop's tremendous legacy into the future. In these incredibly challenging times, the world needs The Body Shop's spirit of activism and outstanding social and environmental credentials more than ever. It will be my privilege to support the brand as we move into this next chapter and expand its economic, social, and environmental potential to deliver tangible and impactful results."

Ian succeeds David Boynton, who led a brand and business transformation following the acquisition of The Body Shop from L'Oréal. David also steered the company through extraordinary circumstances, including the global pandemic, the war in Ukraine, supply chain and cost inflation challenges, and consumer uncertainty. More recently, nearly 500 products have been rejuvenated as well as the launch of the new Changemaking Workshop concept stores.