YouSaid · the spoken record

Nicolas Hieronimus

lines on the record: 29
first: 2022-05-04
most recent: 2022-05-04
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“Well, I think as it relates to studies, it really depends on the function or the department they would want to join. We need marketeers, we need engineers, we need data scientists, we need tech people. So there's frankly, there are jobs for any type of studies at L'Oreal, but I think we need curious people, people that are excited looking out to what's happening in the world. They should be going to the movies, they should be reading either the classics all science sci-fi books. I'm a fan of science fiction, which is why I'm interested in the metaverse. Watch TV series, go to museums. And to some extent, be sensible to beauty because you don't need to be passionate about lipsticks or cosmetics. I wanted to be an oceanographer, so I had nothing to do with beauty. But I was curious and excited about the world and the power of image and arts.”
2022-05-04 · In Good Company with Nicolai Tangen · Nicolas Hieronimus CEO of L'Oréal · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, first of all, I tell them it's a fantastic choice because I've been 34 years in this industry and I can think of very little other industries that have this incredible balance of creativity, innovation, which is really at the heart of what we do. At the same time, making people feel really better and happy when they use our products. And I would tell them, if they join L'Oreal, of course, that they have to keep their passion, to nurture it, to be entrepreneurs, to propose, to follow their ideas, even if sometimes people tell them, well, it might not be a good idea, but to be passionate because Laurel is a company where everybody can have an impact. And, you know, I hear a lot of young people say I want to have an impact. And at Laurel, you can create the beauty that moves the world. A fantastic impact to have”
2022-05-04 · In Good Company with Nicolai Tangen · Nicolas Hieronimus CEO of L'Oréal · IDENTIFIED FROM THE TRANSCRIPT · source
“In St. L'oyale, we are, you said, we are a French company. In reality, we're a very international company. But if I look at our executive committee, it was very European. And since my nomination, I've really brought more diverse profiles. So trying to dig more perspective, which is what beauty is, because beauty is really global, but it's very cultural and having point of views of people from different nationalities, skin colors, I think is something that is true at the top but has to be probably continuously improved at the global level of the company.”
2022-05-04 · In Good Company with Nicolai Tangen · Nicolas Hieronimus CEO of L'Oréal · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, I think now what needs to or what can evolve are several things. First of all, I think we have to simplify even more the danger when you're a big company is that you have over complex processes and the world being so complex and the speed we need to have to react to any change in the world is such that I want to make the processes even simpler so we have a big task force internally to simplify further our ways of working our processes our meetings our reports so that people can fully dedicate their energy to their work and be as agile as possible another element which I'm also trying to evolve which is not so much a cultural thing but just the result of history i want to bring more diversity”
2022-05-04 · In Good Company with Nicolai Tangen · Nicolas Hieronimus CEO of L'Oréal · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, you know, I don't know the answer to the question. What is clear is that L'Oreal is a meritocracy and the people are given their roles not based on the color of their hair, their skin or their gender. And so I'm sure there will be a woman CEO for L'Oreal just because there are fantastic women in the company. And if I look today at the way our top positions are split between men and women, if we take the top 300 jobs, so I would say the key leading position of L'Oreal, it's 47% women. So I think there will be a woman, CEO of L'Oreal someday, and she will be appointed CEO because she's the best.”
2022-05-04 · In Good Company with Nicolai Tangen · Nicolas Hieronimus CEO of L'Oréal · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, I think it can only be a disadvantage if you assume you know everything and if you assume that you can run the show and if you assume that the world doesn't change and that's I think it's so not the L'Oyal culture so what you need to do is first of all constantly question yourself. You also have to surround you with”
2022-05-04 · In Good Company with Nicolai Tangen · Nicolas Hieronimus CEO of L'Oréal · IDENTIFIED FROM THE TRANSCRIPT · source
“It's both a great honor for me, obviously, to be given that responsibility. But I think it's a testimony to a few of the L'Oreal keys to success. The first one, as you say, is continuity. This company, which is always transforming itself, but you will never hear big steering the wheel right and left. We are following a strategy, we are consistent, and the way the company is managed with such stability allows this. It's a stability that's provided by the management. It's also a sustainability that's provided by the shareholding structure with the B ⁇ tan Core family being there from the very beginning and still being the number one shareholder. And clearly with a long-term vision.”
2022-05-04 · In Good Company with Nicolai Tangen · Nicolas Hieronimus CEO of L'Oréal · IDENTIFIED FROM THE TRANSCRIPT · source
“So I think that's very important. And looking ahead, I think brands and companies will be more and more expected to take stances on things, on events of the world. And I think we have to be wise and cautious because we are a company. We are there to deliver our products and to fulfill this essential need that I was talking about as it relates to beauty. We are not a political institution. So we have always to say within the boundaries of what is our role. And that's what we are trying to do. So I think that we are always able to land on our feet and balance in an unstable world, I think, is a good thing to have.”
2022-05-04 · In Good Company with Nicolai Tangen · Nicolas Hieronimus CEO of L'Oréal · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, what is clear is that we live in a world which is, you know, at least in this period of time, getting more polarized with more divides between different big countries. And so we have to always adapt to the reality of the moment whilst remaining true to our values. L'Oral has always prioritized the safety and the support to his teams and opposition in Russia has indeed to abide by the sanctions and to make sure that none of what we were having there could benefit the local regime and fund the local regime, but we continue to pay and to protect our Russian team.”
2022-05-04 · In Good Company with Nicolai Tangen · Nicolas Hieronimus CEO of L'Oréal · IDENTIFIED FROM THE TRANSCRIPT · source
“Their own little researchers to create stuff that make them look great. Sometimes it was even to please the gods. But beauty is so essential to humanity that I think what we are doing is doing creating products that are important to people, but we are creating them in a way that has the least possible impact. And so far we've done a good job with the reduction of our CO2 emissions, for example. And I can tell you that the whole company is like super focused and dedicated to creating that beauty that moves the world, which means creating a beauty that does not impact the world and allows us to stay within the 1.5 degrees of science-based targets.”
2022-05-04 · In Good Company with Nicolai Tangen · Nicolas Hieronimus CEO of L'Oréal · IDENTIFIED FROM THE TRANSCRIPT · source
“What's very clear is that, and we've seen it again during this crisis, is that beauty is an essential part of humanity. People need and use cosmetic products because it's part of their way to feel better about themselves, to feel clean, to feel protected. And we've seen every time the lockdowns were stopped, people rushed to buy products, it's part of what it is to be human. And we didn't start today. I took a week off a month ago and I went to Egypt and I was visiting the Cairo Museum and there was a whole window which I photographed where you had all the beauty products, the iMakeup products, the unguens for the skin that were used by Egyptians and Cleopatra. And, you know, it was not imposed onto them by Laureal. They breathe.”
2022-05-04 · In Good Company with Nicolai Tangen · Nicolas Hieronimus CEO of L'Oréal · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, I think there are two things. First of all, it took some time to develop a very robust calculation methodology. And we are rolling it out.”
2022-05-04 · In Good Company with Nicolai Tangen · Nicolas Hieronimus CEO of L'Oréal · IDENTIFIED FROM THE TRANSCRIPT · source
“I don't think I lack anything, but we're on the lookout for new opportunities. We just bought youth to the people, it's a small Californian vegan skincare brand, and we saw that Gen Zs were fond of this type of brands. And when we saw the brand rising, we contacted them and invited them to join the L'Oreal family. So it was not a need, it was an opportunity.”
2022-05-04 · In Good Company with Nicolai Tangen · Nicolas Hieronimus CEO of L'Oréal · IDENTIFIED FROM THE TRANSCRIPT · source
“I don't know, you know, who would have if somebody had asked me 20 years ago whether I would have access to all the information I need on my phone, take pictures, and I would have said, well, I don't know, it sounds kind of strange, but today video gaming is a bigger industry than music and movies together. the younger generations like to spend time online so it's definitely going to be a new way to engage consumers so in a way to connect the brands whether people will want to spend enough time in these metaverse and be buying you know virtual makeup or virtual hairstyles it's a possibility we have to explore it to be honest today i'm focused and i'm focusing my research on and and my marketing teams on on creating and selling real products to real people in the real world but as you know one of our mentras is cease what is starting we have”
2022-05-04 · In Good Company with Nicolai Tangen · Nicolas Hieronimus CEO of L'Oréal · IDENTIFIED FROM THE TRANSCRIPT · source
“Products, they want products that are prescribed by dermatologists, like our active cosmetics brands, but safe products is going to be more digital, of course, because the weight of e-commerce will continue to grow. And who knows, maybe it will be a part of the beauty market will be in the metaverse. That's the very early days in this new venture. Will people virtual selves want to be beautified with virtual makeups from Yves Saint Laurent or from Lancombe? We don't know, but it's definitely things that we want to explore.”
2022-05-04 · In Good Company with Nicolai Tangen · Nicolas Hieronimus CEO of L'Oréal · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, first of all, it's going to be much bigger and definitely more sustainable. That's really the number one preoccupation of younger consumers and it's the number one preoccupation of L'Oreal. That's why we've started a long time ago with our sharing beauty with our program and now have moved to our L'Oreal for the future program with very strong commitments as it relates to sustainability be it in the usage of post-recycled plastic, renewable ingredients. And that's why we're investing so much in our green sciences, which are going to be the next revolution in terms of science. So it's definitely going to be more sustainable. Health, and that's one of the things that has been significantly accelerated by COVID health has become a very strong preoccupation for consumers, which means that not only do they want sustainable ingredients, but they want safe.”
2022-05-04 · In Good Company with Nicolai Tangen · Nicolas Hieronimus CEO of L'Oréal · IDENTIFIED FROM THE TRANSCRIPT · source
“In saying, well, man, I got to find the right makeup, or I got to find the right lighting to look even better on my screen. So yeah, you have to look great, whether it's in real life or in virtual life.”
2022-05-04 · In Good Company with Nicolai Tangen · Nicolas Hieronimus CEO of L'Oréal · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, well, you know, the first huge accelerator of the makeup market was the appearance of iPhones or cell phones and selfies. Suddenly you were showing your image and taking picture all the time. And then it was augmented by social networks such as Instagram or Facebook where you start or the Chinese equivalent where you're posting your images and try to look at the best. And even if we look at what we're doing right now, which is a type of video conferencing, well, in the very early days of COVID, people were just appearing normally without paying particular attention to their look in the first video conferences. And after seeing their face on the screen the way I see mine right now every day, 10 hours a day, people start.”
2022-05-04 · In Good Company with Nicolai Tangen · Nicolas Hieronimus CEO of L'Oréal · IDENTIFIED FROM THE TRANSCRIPT · source
“It's not just a question of looking good, it's also a health related issue. So you've got younger and younger people that are using skincare on top of makeup, hair color. So no, I'm not surprised what your statistics and the other things we have to work on is to make sure that men increase also their beauty product usage. We know that in Asia, for example, men traditionally use skincare, even sometimes makeup in some countries, but we are still a bit behind on that in the Western world where men mainly use fragrances and shampoos and shower shells and a bit less skincare. But the market is growing also, not just for men-specific products, but with men using products that are non-gender allocated. And that's also a big opportunity for us.”
2022-05-04 · In Good Company with Nicolai Tangen · Nicolas Hieronimus CEO of L'Oréal · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, I am not aware of these statistics, but I'm not surprised because, of course, the older you grow, the more you need to use products, even though one of the phenomenons that have frankly have happened over the last probably four or five years is that the number of products used by younger consumers has increased a lot. Typically skincare was not a category that was very used by 20 years old or 25 year old because they felt this was just about anti-wrinkles, which were not really relevant for them, but now they're using, first of all, wearing masks has increased heavily. Acne, it's called mask near. And there's lots of skin issues that have been generated just by the fact of using masks. But more globally, people see that protecting your skin, for example, from the harmful effect of the UV rays.”
2022-05-04 · In Good Company with Nicolai Tangen · Nicolas Hieronimus CEO of L'Oréal · IDENTIFIED FROM THE TRANSCRIPT · source
“Created between the wealthiest and the poorest, but overall the average income of the worldwide population continues to grow. And that's great. If I take the middle and upper classes between now and 2030, there'll be more than a billion people joining these ranks just in China alone. There will be 370 million new people.”
2022-05-04 · In Good Company with Nicolai Tangen · Nicolas Hieronimus CEO of L'Oréal · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, there are several drivers. Obviously demography, demography plays an important role in many ways because you've got, of course, population growing. You've got people living longer. And maybe there are some beauty products that you will stop using when you're 70 or 80, but you still need skincare, you still need to protect your skin, you still need some makeup, you still need to wash yourself. And on the other hand, younger generations are starting sooner and sooner to take care of their skin, to either makeup or use different products. So demography is a very powerful gross driver. A second gross driver, which is related to demography, is the growth of middle classes. Overall, in a world, even though there are some tensions in the world and about the gaps that can be”
2022-05-04 · In Good Company with Nicolai Tangen · Nicolas Hieronimus CEO of L'Oréal · IDENTIFIED FROM THE TRANSCRIPT · source
“World. So that is the number one reason why it's exciting. The other one, and that relates to what we were discussing before, is that because it's an offer-driven market and because beauty is an unattainable, there's no perfection. And I guess this market is going to continue to grow for the next decade.”
2022-05-04 · In Good Company with Nicolai Tangen · Nicolas Hieronimus CEO of L'Oréal · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, it's a great business for several reasons. First of all, it's a very positive business. It's a business that can change people's lives, fill them, make them feel better about themselves, allowing them maybe to be who they are or who they want to be, sometimes solving their problems. Sometimes they're just improving their confidence and their morale. And it has been proven since the very dawn of humankind that beauty had this power to either make people feel better or solve people's problem. And that's fantastic. You know, when I go to work every morning, I know that I'm working for the greater good. And that's why, by the way, we've added to our own products the desire to have a positive impact on the world and society, which we have encapsulated in our sense of purpose to create the beauty that moves.”
2022-05-04 · In Good Company with Nicolai Tangen · Nicolas Hieronimus CEO of L'Oréal · IDENTIFIED FROM THE TRANSCRIPT · source
“With the idea that on the contrary, if we wanted to take share and to bring consumers something new, we had to disrupt the market and that creative flair led to create a fluorescent green shampoo, which was probably contradicting all the boxes that I supposedly had to take. It took me a while, by the way, to convince everybody, but I was given the opportunity and the freedom to do it. And it became a fantastic success. So that's where the flair comes in. But as I said, this project was backed by science because it was a real discovery from our R&D that I discovered that acid, fruit acids were strengthening the hair. So you had the combination of science and this creativity, which are kind of unique to L'Oreal.”
2022-05-04 · In Good Company with Nicolai Tangen · Nicolas Hieronimus CEO of L'Oréal · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, what I mean is that when you are creating beauty products, it's not just about analyzing what people need. It's trying to second guess their dreams. Make people's dreams or dreams they haven't dreamt yet become reality. So there's a part of risk taking, there's a part of invention, of creativity. You know, if I take even my own example in my early days of my career when I was a marketing director and I created the Fructis brand, if I was looking, I was briefed to create a hair care brand that could rival with the pantines of this world and all the studies were telling me that care, haircare was about white products, very creamy, very reassuring, and it had to be in this type of very reassuring aspect of an aesthetics. And because of intuition, because of who I was, and I think that's what also part of the L'Oreal recipe of success is that you give the people the freedom to create, I came up”
2022-05-04 · In Good Company with Nicolai Tangen · Nicolas Hieronimus CEO of L'Oréal · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, if you look at the top groups in terms of beauty in the world, you have lots of European companies, but you also have a few Japanese companies or American companies. But I have to say, as we know, beauty is an offer market, and there is this very unique blend of science, but also of creative flair, invention. And I think probably the French have these dual brains or dual origin, which is both being the country of Pasteur and at the same time a country that has always given a lot of room for arts and this blend of arts and science is probably very unique to France. And you're right to say to some extent to Italy. That's why we have, by the way, in our portfolio, very beautiful Italian brands from Armani to Valentino and Prada. To name the three biggest, which are also great beauty and luxury brands.”
2022-05-04 · In Good Company with Nicolai Tangen · Nicolas Hieronimus CEO of L'Oréal · IDENTIFIED FROM THE TRANSCRIPT · source
“Not the only ones, and in reality, if I look at L'Oreal, L'Oreal is indeed a French company, but it's a very international company. We are global. We have, I think, 170 different nationalities. Our executive committee is multinational. So in the end, it's a French savoir-faire, a French know-how, but we are very eager to share this and share this passion with other nationalities and bring it to other countries.”
2022-05-04 · In Good Company with Nicolai Tangen · Nicolas Hieronimus CEO of L'Oréal · IDENTIFIED FROM THE TRANSCRIPT · source
“Oh, well, I think it's, we have a long history with beauty, you know, particularly in the courts of the French kings in Versailles or in the Louvre, there was a lot of attention paid to beauty, to luxury, to craftsmanship. Very early on, Catherine Dometicis brought her perfumer in her luggage wherever she traveled. And in Versailles, I guess there was a lot of fragrance was very important because I heard that there was not always a pleasant smell. So they developed a pretty strong art in mastering fragrances. There was a lot of attention to the aesthetics from the creation of wigs at Louis XIII and all across the French history. It has become part of the French Ard de Vivre, as we say. And I guess we like it and we are good at it.”
2022-05-04 · In Good Company with Nicolai Tangen · Nicolas Hieronimus CEO of L'Oréal · IDENTIFIED FROM THE TRANSCRIPT · source