The Estée Lauder Companies Announces Organizational Change in Brand Portfolio Leadership | Company

NEW YORK–(BUSINESS WIRE)–Sept. 14, 2022–

Today, Executive Chairman William P. Lauder and President and Chief Executive Officer Fabrizio Freda of The Estée Lauder Companies Inc. (NYSE: EL) (“ELC”) announced an organizational change across its portfolio of brands in order to strategically position the company for the long term. , sustainable growth in a rapidly changing global landscape.

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Jane Hertzmark Hudis, Group Executive Chairman, The Estée Lauder Companies (Photo: Business Wire)

Effective September 1, 2022, the company’s brand portfolio evolved into two brand groups led by Jane Hertzmark HudisChairman of the Executive Group, and Stephane de La Faverie, who was promoted to Chairman of the Executive Group. 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. Jane and Stéphane will continue to report directly to Fabrizio 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 executes the company’s long-term strategy with agility,” said Fabrice Freda. “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, Jane and Stéphane, in partnership with the brand presidents, will oversee their brands’ operations, equity and innovation, continuing to work closely collaboration 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 evolution aligns with ELC and Compass’ forward-looking corporate strategy to accelerate the company’s ability to deliver now while preparing for the future. The company’s key brand leaders are organizationally aligned in a management structure designed to promote synergies between the 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 executives to high brand positions within Jane and Stephane’s clusters.

Chairman of the Executive Group Jane 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+. Jane 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, Jane will continue to act as executive sponsor for key company-wide strategic priorities. business, including initiatives focused on marketing excellence and winning over Chinese consumers.

As one of the most accomplished and visionary luxury prestige and beauty executives, Jane has a proven track record of leading, building and transforming global brands to achieve exceptional growth at scale. Jane will leverage her ongoing expertise, including her vast knowledge of China, luxury beauty and consumer-centric local relevance, to enable her portfolio of brands to win across all categories, regions and channels. .

Jane is a strong advocate for leadership development, mentorship and the advancement of women. In addition to her enterprise-wide responsibilities within the company, Jane co-founded The Estée Lauder Companies’ Women’s Leadership Network (“WLN”) in 2017 to inspire and engage women across the organization. , helping them to become exceptional leaders and mentors. Under Jane’s co-executive sponsorship, WLN has grown into the company’s largest employee resource group with a presence in every region.

As Chairman of the Executive Group, StephaneofTheFaverie 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 Série LAB; and DECIEM (The Ordinary, NIOD and Avestan). Additionally, Stephane will add ELC’s California brands to his portfolio – Too Faced; Smashbox and GLAMGLOW – expanding its category leadership to now include makeup, in addition to fragrance and subcategories for home, bath & body, and men’s skincare and grooming. With the exception of Estée Lauder, all of the leading brands now in Stéphane’s portfolio remain the same. Stéphane will also continue to lead integrated planning and end-to-end business operations across the company.

Stephane’s promotion to Group Executive Chairman reflects his exceptional track record of building successful global brands and his 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.

Stéphane’s strength as an inclusive and empathetic leader, and his ability to balance emotional inspiration, authenticity and strategic insights to drive long-term sustainable growth, has helped him successfully build his brand portfolio. and nurture a winning management team.

Additional Brand Leadership Updates

  • Justin Boxford was named Global Brand President, Estée Lauder. He will report to Stéphane. 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. Sandra will continue to report to Jane.
  • Michael Freyre was promoted to Global Brand President, Clinique and Origins, expanding her brand oversight. Michelle will report to Jane.
  • Amber Garrison, who assumed the role of Global Brand President, Origins in July 2022, will continue as a member of Jane’s leadership team and report to Michelle Freyre.

About Estée Lauder Companies Inc.

The Estée Lauder Companies Inc. is one of the world’s leading manufacturers, marketers and marketers of quality skin care, makeup, fragrance and hair care products. The Company’s products are sold in approximately 150 countries and territories under brands such as: Estée Lauder, Aramis, Clinique, LAB Series, Origins, M A C, La Mer, Bobbi Brown, Aveda, Jo Malone London, Bumble and bumble, Darphin Paris, TOM FORD BEAUTY, Smashbox, AERIN Beauty, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, KILIAN PARIS, Too Faced, Dr.Jart+ and the DECIEM family of brands, including The Ordinary and NIOD.

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KEYWORD: NEW YORK UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: OTHER RETAIL OTHER MANUFACTURING SPECIALTY FASHION LUXURY COSMETICS MANUFACTURING RETAIL

SOURCE: The Estee Lauder Companies Inc.

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PUBLISHED: 09/14/2022 16:30 / DISK: 09/14/2022 16:32

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Aubrey L. Morgan