Jean-Paul Agon, Chairman and CEO, L’Oréal, addressed students and faculty at IIM-A about responsible leadership in an increasingly connected world. The event, attended by 100 plus students, will be telecast to network IIM institutions.

Jean-Paul Agon emphasised L’Oréal’s sustainable business practices while sharing his vision for the company that centered on the strategy of universalisation. He also spoke about the company’s instrumental role in transforming the Indian beauty market, adding that they were committed to staying on course through expansion across the business. The achievement of these goals was through a simple commitment to Make in India with 90 per cent local product manufacturing, two Research & Innovation centres in Mumbai and Bangalore and two manufacturing facilities.

Agon also highlighted L’Oréal’s social commitment with its programme, “Sharing Beauty with All,” where all of the company’s products will have an environmental or social benefit.

India’s talent can significantly shape India’s economic prosperity, Agon said, mentioning that over 200 international managers of Indian origin work in L’Oréal globally and their strengths lay in being adaptable, entrepreneurial, cultural and sensitive. “Agon has inspired students at IIMA with his insightful views on leadership in today’s world. Our students have learnt some valuable lessons stemming from his rich experiences in the business environment.” said Ashish Nanda, Director, IIM-A.

Published on January 14, 2015