Christian MulliezExecutive Vice-President
Chief Financial Officer

2016 was another year of growth in sales, results and profitability. Working closely with the group’s different entities, the administration, controlling and finance teams help to build and foster a solid relationship of trust that is essential for L’Oréal’s sustainable growth. This trust is based on constant vigilance, fairness, transparency, professionalism and an ethical approach in our relations with all stakeholders. This year once again, we strongly contributed to the economic and financial management of L’Oréal’s businesses, the identification of risks and opportunities, and the optimisation of resource allocation.

The relationship of trust between L’Oréal and all its stakeholders is maintained through constant vigilance. The group’s financial health depends on closely monitoring cash flow and making sure that financing is secure. With suppliers and customers, the relationship of trust is based on professionalism and ethical behaviour in all exchanges. As for shareholders and investors, the financial communications team maintains a close relationship with them by welcoming dialogue and providing fair and transparent information about the group’s activities. The teams work to assist the Board of Directors and its Committees, striving to maintain the highest quality standards.