Marc Puig transitions to Executive Chairman as the group separates leadership roles and signals next phase of growth
Puig has appointed Jose Manuel Albesa as Chief Executive Officer, marking a shift in the company’s governance structure as it separates the roles of Chairman and CEO. The decision, approved by the board of directors with the support of its appointments and remuneration committee, aligns the Spanish group with governance standards typically adopted by listed companies.
Marc Puig, who has held both roles, will continue as Executive Chairman. In his new position, he will work closely with Albesa on strategic alignment while focusing on mergers and acquisitions, senior appointments, and maintaining what the company describes as its family culture and values.
“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,” said Marc Puig. “With this important announcement, the Board of Puig opens a new chapter in the company’s governance. The separation of the roles of Executive Chairman and Chief Executive Officer is fully aligned with the highest standards of best practice for listed companies.”
Albesa, who has been serving as Deputy CEO and President of Beauty and Fashion, takes on the role with immediate effect. He has been with Puig since 1998 and has held senior leadership positions across brand development, marketing, and operations, playing a central role in the expansion of the group’s fragrance and fashion portfolio.
“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,” Marc Puig added. “His 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.”
The appointment follows a formal succession process initiated more than a year ago, which included an evaluation of both internal and external candidates. Albesa’s elevation reflects continuity within the organization, with leadership drawn from long-standing internal experience rather than an external hire.
“Becoming Chief Executive Officer of Puig is both a privilege and a responsibility, and I am extremely grateful for the trust the Puig family and the Puig Board of Directors have placed in me for this next chapter,” said Albesa. “The entrepreneurial spirit, values and creativity that underpin our company remain core to the future we will build together. I am also very proud to lead such an exceptional team whose talent, commitment and creativity are at the heart of everything we achieve.”
He added: “We are an agile, decisive business and experts in what we do. 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 is expected to be proposed as a member of the board of directors at Puig’s annual general meeting in May 2026, further consolidating his role within the company’s leadership structure.
Alongside the leadership transition, Puig also announced changes to its finance function. Miquel Angel Serra has been appointed chief financial officer, succeeding Joan Albiol, who has held the role since 2009. Albiol will remain with the company as secretary to the board of directors, with legal and M&A functions continuing to report to him, and will report directly to Marc Puig in his new capacity.
Serra previously served as vice president of corporate controlling and investor relations and brings experience across finance, performance management, and capital markets. In his new role, he will report to Albesa.
The leadership changes come as Puig prepares to outline its strategic priorities at its upcoming Capital Markets Day on April 14, 2026, where further detail on its long-term direction is expected.