L’Oréal Recognised By Hewitt Survey For Its Leadership Development Policy Careers

Clichy, September 20th, 2007 – L’Oréal was selected today as one of the best performing companies in terms of spotting and developing leaders in a study of the Top companies for Leaders led by Hewitt, an internationally recognised Human Resources consultancy. L’Oréal is the only French company to appear among the top five companies recognised by this ranking and the only one to have appeared in three consecutive surveys since the initiative was launched by Hewitt in 2003.

The study, conducted by a jury made up of well-known independent authors specializing in leadership, senior academics and business journalists, ranks L’Oréal fifth out of a total 57 European companies responding to a host of very specific criteria.

The ranking recognises L’Oréal for its practices that allow leaders to find fulfilling job opportunities and to evolve within the group. These practices include giving high potential employees exposure and access to the top management team, investing regularly in recruitment and development of the best talents and putting in place tailor-made programmes to constantly improve the training of high-potential staff.

Initiated in 2001 and published every two years, the Hewitt Top companies for Leaders survey, conducted this year for the first time in partnership with FORTUNE magazine and the RBL Group, identifies the most representative companies in terms of leadership on a worldwide level.

Geoff Skingsley, Executive Vice-President, Human Resources, of L’Oréal, declared: "We are proud to be recognised today, for the third time in a row, by the independent Top Companies for Leaders survey as one of the five best companies for leadership development. This recognition provides us with strong proof of our ability to develop real leaders as part of a long-term strategy. Leadership quality is a subject truly at the heart of L'Oréal's innovation and growth strategy".

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