This CEO doubled luxury watch sales to women. Now she’s using that experience to reinvigorate legacy beauty brands

FastCompany: Ginny Wright, CEO of beauty conglomerate Orveon Global—owner of BareMinerals and Laura Mercier—is no stranger to the beauty business. She spent much of her career rising through the ranks of L’Oreal, eventually becoming president of legacy skincare brand Kiehl’s. Then, in 2021, she pivoted to work in luxury as one of the few female CEOs in the luxury watch business when she took the helm of Audemars Piguet Americas. During her tenure, she prioritized marketing to women, raising the percentage of women purchasing watches for themselves from 14% to more than 30% in just over four years.

Now back in the beauty industry, Wright is using her knowledge of the luxury consumer to find new areas of growth for Orveon’s premium brands. In particular, the company is moving quickly in India with prestige brand Laura Mercier.

Ginny Wright and Fast Company Senior Staff Writer Elizabeth Segran [Photo: Shoji Van Kuzumi] At a recent summit at Harvard University’s Loeb House—organized by The Shift , a media platform devoted to women shifting culture—Wright spoke to Fast Company senior staff writer Elizabeth Segran about discussed what she learned from the male-dominated luxury watch industry, how young people should think about their careers and what beauty consumers are looking for now. This interview has been edited and condensed. You spent a long time at L’Oreal—what was your trajectory to the beauty industry, and what led you to shift to luxury watches?

I thought I was going to go into politics or become a lawyer. I started down that path for about a year, and then I wanted to be a press secretary. I’ve always been the kind of person who hears something interesting and thinks, “I’ll try that road.” I moved to Atlanta and worked in PR for a while. One of my clients was [consumer product conglomerate] Georgia-Pacific, and I remember pitching Walmart to the Today Show and thinking, “There has to be more to life than this.” That’s when I realized what I was really passionate about: luxury and beauty. So I found an MBA program in Paris sponsored by L’Oréal and LVMH.

I told my husband, who I had just married, “We’re moving to Paris.” He said, “Cool. I don’t speak French, but we’ll figure it out.” So we did. After that, I was fortunate to get hired by L’Oréal. Eventually I moved to New York, rose through the ranks, and after COVID I was serving as president of Kiehl’s, which is such an amazing brand. Then I got a call from an executive recruiter about a high-end luxury firm looking for a CEO. It turned out to be Audemars Piguet.

I literally made the decision to take that job while on a SoulCycle bike during COVID, wearing a mask and listening to Eminem’s “Lose Yourself.” During the line about “you only get one shot,” I decided to do it and leave the beauty industry for watches. The watch industry has traditionally been very male-dominated. A big part of your work there was appealing to women—how did you make women less of an afterthought in that industry? It’s interesting, because many of the great innovations in watchmaking trace back to women, including figures like Queen Victoria.

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The article discusses a significant strategy shift by a CEO in a major industry, making it impactful, while the approach of applying luxury market strategies to beauty brands offers a fresh perspective, ensuring high relevance for brand strategy professionals.