Global beauty company Coty Inc. announced the retirement of OPI Founder and CEO George Schaeffer. Schaeffer will continue to work with OPI’s management team through a newly created role as OPI’s strategic board advisor. Since founding OPI in 1981, Schaeffer has built one of the beauty industry’s most iconic and successful nail care brands. With a portfolio of over 400 creatively-named unique shades, OPI has linked fashion and entertainment with color cosmetics for the past three decades.