Home » Kylie Jenner’s incoming CEO steps down from Kylie Cosmetics amid Forbes row

Kylie Jenner’s incoming CEO steps down from Kylie Cosmetics amid Forbes row

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Kylie Jenner has suffered yet another unfortunate mishap after the entrepreneur set to become the CEO of Kylie Cosmetics has stepped down just six months after taking on the role.

This is yet another fire the makeup mogul, 22, has to put out amid the shocking row that hit her this week after Forbes revealed she actually isn’t a billionaire.

Coty reports that Christopher Honnefelder made the executive decision to step down from the position before he even started work.

Multinational beauty company Coty completed a lucrative $600million partnership with Kylie back in January as Christopher was announced as the new CEO.

But it seems as though his decision to step down was spurred on due to “personal reasons”.

A statement announced that Simona Cattaneo, President Luxury Brands is set to take on the role instead after Christopher’s shock departure.

A Coty spokesperson told Mirror Online: “Coty yesterday announced a number of changes that will allow the company to focus on its core Prestige and Mass Beauty businesses, including renewed investment in the e-commerce development of the Prestige Beauty franchise.

“As part of this effort, we are building a strong foundation to support our strategic partnership with Kylie Jenner. As noted on today’s investor call, Simona Cattaneo, President Luxury Brands, is overseeing the expansion of the Kylie business for Coty.”

The statement continues: “She assumes these responsibilities from Christoph Honnefelder, who announced to the senior team internally a number of weeks ago that he would not be assuming the role of CEO of Kylie Beauty for personal reasons.

“Under Simona’s leadership we are excited by the opportunities for the Kylie Beauty business, as indicated by the very successful recent launch of Kylie Skin in Europe.”

The news comes just days after Kylie saw a spectacular fall from grace after Forbes magazine kicked her out of their billionaires list – just two years after they declared her the youngest self-made billionaire of all time.

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TRIBUTE TO PRESIDENT MUHAMMADU BUHARI, GCFR With a deeply heavy heart and profound sense of personal loss, I join millions of Nigerians and friends around the world to mourn the passing of our former President, Muhammadu Buhari, GCFR. I extend my heartfelt condolences to his beloved wife, Hajiya Aisha Buhari, his children, and his entire extended family. I also condole with the government and people of Katsina State, especially the Daura Emirate, where President Buhari’s journey in life began — a town whose name has become inextricably linked with his legacy. President Buhari’s record of service to Nigeria is almost unparalleled. From the battlefield to the ballot box, he stood as a sentinel of duty. As a military officer, Head of State, and twice-elected President, he offered over five decades of his life to the service of our nation in times of strife and in peaceful times — guided always by a belief in discipline, integrity, and nationhood. What often went unnoticed in public commentary was his unwavering commitment to the core values that bind any serious society: order, punctuality, and accountability. He did not just talk about these values; he lived them. He was perhaps the most punctual public servant I ever encountered — never late to cabinet meetings, always respecting the time of others. It may seem a small thing, but in governance, it is everything. It sets a tone. He had a deep yearning for a society governed by rules, not by impulse. This found early expression in his War Against Indiscipline, a campaign often misread as rigid but rooted in a desire to rebuild a citizenry of order, courtesy, and civic responsibility. I feel privileged to have served in his cabinet — first in the consolidated Ministry of Power, Works and Housing, and later in the restructured Ministry of Works and Housing. President Buhari was not a man to micromanage; instead, he gave you the space and the trust to deliver. With that trust, however, came the highest expectations of discipline, results, and honesty. He had a quiet strength. Yet, within and outside the cabinet, I witnessed his compassion — his deep concern for the poor, the pensioner, the soldier in the trenches, the almajiri child, and the underserved in every part of this country. Under his leadership, the nation confronted formidable challenges: insurgency, economic volatility, a global pandemic, and deep political tension. Yet he remained consistent — never ruled by noise or poll ratings, only by the burden of responsibility and his belief in posterity’s judgment. His death marks the end of a defining chapter in Nigeria’s journey — one marked by sacrifice, moral authority, and patriotic resolve. But even in death, President Muhammadu Buhari leaves behind a living legacy: one of service above self, of discipline without drama, of truth without theatrics. May the Almighty Allah (SWT), whom he served with devotion and humility, forgive his shortcomings and grant him eternal rest in Aljannah Firdaus. Adieu, Mai Gaskiya as you were fondly referred to. Nigeria salutes you. Signed, Babatunde Raji Fashola, SAN CON

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