CEO OUT AMID SUPPLY WOES AT COSMETICS MAKER COTY

The top executive at the New York cosmetics maker Coty is leaving less than a week after revealing that significant supply chain problems sapped revenue during the first quarter. The company said Monday that CEO Camillo Pane, who led the company for two years, resigned for family reasons. Pierre Laubies, who last ran JDE, a beverage company, takes over and will also have a seat on the board.