L Catterton appoints new global sustainability head

LVMH-backed investment firm L Catterton announced on Monday the appointment of Devon Leahy to the role of global head of sustainability.

In the role, Leahy will support portfolio companies across the L Catterton platform with a range of sustainability-focused projects and value-creation initiatives, according to a press release from the U.S. firm.

A sustainability expert, Leahy joins L Catterton from Ralph Lauren, where she served as global head of sustainability for the past five years. Prior to that, she has held various senior strategy and sustainability-focused roles at Etsy and Walmart.

“Sustainability considerations have played a key role in our business since our founding 35 years ago,” said Scott Dahnke, global co-CEO of L Catterton.

“As we continue to strengthen our resources and capabilities to support the growth of our firm and the mission-driven brands with which we partner, Devon’s expertise will be invaluable in helping our teams create, unlock, and capture more value. We are excited to welcome her to the L Catterton team as we continue to build on our commitment to drive sustainability across the global consumer landscape.”

Founded in 1989, L Catterton has made over 275 investments in some of the world’s most iconic brands, including A.P.C, Ganni, Kiko Milano, Birkenstock, and many more. Earlier this month, it was reported that L Catterton plans to increase its ownership in Italian luxury brand Etro, in which it currently holds a 60 percent stake.