Personnel Changes and “Organizational Change” Announced by Estée Lauder Companies

Executive Chairman William P. Lauder and President and Chief Executive Officer Fabrizio Freda of The Estée Lauder Companies Inc. announced an organizational evolution of its brand portfolio to strategically position the company for long-term sustainable growth in a rapidly changing global landscape.

Effective September 1, the company’s brand portfolio evolved into two brand groups led by Jane Hertzmark Hudis, Group Executive Chairman, and Stéphane de La Faverie, who was promoted to Group Executive Chairman. This new brand leadership structure is designed to ensure continued alignment across the portfolio, allowing the company to focus on the greatest areas of opportunity. Hertzmark Hudis and de La Faverie will continue to report directly to Freda.

“This evolution further positions The Estée Lauder Companies’ brands to win with consumers in a complex and ever-changing beauty landscape, while enhancing our internal talent pipeline and organizational planning to position us well to implement implements the company’s long-term strategy with agility,” says the CEO. “The strength of our portfolio reflects the strength of our leadership team, and this development builds on each leader’s track record and high potential to take our business to even greater heights in the future.”

Building on their company-wide leadership responsibilities, Hertzmark Hudis and de La Faverie, in partnership with the brand presidents, will oversee their brands’ operations, equity and innovation, continuing to work closely with all internal functions and regions. Additionally, they will work closely with brand and value chain leaders to drive strategy and growth plans for the company’s key product categories and sub-categories.

“We have been and will continue to be a brand-driven company. This exciting organizational update will strengthen our brands’ leadership in the industry,” said William P. Lauder. “Leveraging ELC’s internal talent pool globally underscores our commitment to creating new opportunities for professional development and career advancement for the next generation of leaders within our organization.

This organizational shift aligns with ELC’s forward-looking corporate strategy and will accelerate the company’s ability to deliver now while preparing for the future, she said in a statement released. September 14. designed to promote synergies between brands and advance development at multiple levels of the organization. In line with the company’s internal talent vision, this announcement also includes the appointment of several leaders to high brand positions within the clusters.

Hertzmark Hudis will continue to lead one of the company’s brand groups, with a portfolio of brands including: La Mer and Bobbi Brown; Tom Ford Beauty; MAC; Clinic and Origins; Aveda; Bumble and bumble; and Dr. Jart+. She will also continue her company-wide executive leadership for skincare and haircare, which are important growth-driving categories for our business. All current brand executives will remain the same, with the exception of Sandra Main taking direct responsibility for La Mer. In addition, Hertzmark Hudis will continue to be an executive sponsor for key company-wide strategic priorities. business, including initiatives focused on marketing excellence and winning over Chinese consumers.

As Group Executive Chairman, de La Faverie will continue to lead one of the company’s brand groups, including Estée Lauder and Aerin Beauty; Jo Malone London; The laboratory; Kilian Paris, Editions de Parfums Frederic Malle, Darphin Paris and LAB Series; and DECIEM (The Ordinary, Niod and Avestan). Additionally, it will add ELC’s California brands to its portfolio – Too Faced; Smashbox and Glamglow – expanding its category leadership to now include makeup, in addition to fragrance and home, bath & body, and men’s skincare and grooming subcategories.

With the exception of Estée Lauder, all of the leading brands now in La Faverie’s portfolio remain the same. de La Faverie will also continue to drive integrated planning and end-to-end business operations across the company, according to ELC.

De La Faverie’s promotion to EGP reflects its exceptional track record in building successful global brands and its deep expertise across all categories and channels, helping to position fragrance as a powerful growth engine for the company. and making the Estée Lauder brand one of the world’s most beloved prestige beauty brands, said the company, which was ranked No. 2 in Happi’s 2022 Top 50 report.

Additional brand leadership updates include:

• Justin Boxford has been named Global Brand President, Estée Lauder. He will report to La Faverie’s. A separate announcement on Justin’s nomination will be shared in the coming days.

• Sandra Main, Global Brand President, La Mer and Bobbi Brown, will assume direct leadership of La Mer and oversee Bobbi Brown until a new leader is appointed. She will continue to report to Hertzmark Hudis.

• Amber Garrison, who assumed the role of Global Brand President, Origins in July 2022, will continue as a member of the Hertzmark Hudis leadership team and report to Michelle Freyre.

Aubrey L. Morgan