The Estée Lauder Companies Announces the Promotion of Stéphane de La Faverie To Group President
June 26 2020 - 8:00AM
Business Wire
This week, The Estée Lauder Companies (NYSE:EL) announced that
Stéphane de La Faverie has been promoted to Group President, while
continuing in his role as Global Brand President, Estée Lauder and
AERIN. He will report directly to Fabrizio Freda, President and
Chief Executive Officer in his role as Group President, and will
continue to report to Jane Hertzmark Hudis, Executive Group
President, for his Global Brand President responsibilities for
Estée Lauder and AERIN. As Group President, Stéphane’s new
portfolio of brands will include Jo Malone London, Aramis and
Designer Fragrances, Le Labo, Darphin, Lab Series, By Kilian,
Editions de Parfums Frédéric Malle, RODIN olio lusso and
Prescriptives.
“Stéphane has extensive expertise leading brands, making him
well suited to the significant leadership responsibilities of the
Group President role,” said Fabrizio Freda. “As Global Brand
President, Estée Lauder and AERIN, he has been the ideal leader to
bring our company’s iconic namesake brand into an incredible phase
of broad-based growth. His well-deserved promotion reflects his
excellent track record of building and leading global brands, his
expertise across categories and channels, and a keen understanding
of local relevance.”
As Group President, Stéphane will oversee and drive ELC’s
recently-announced third brand cluster, which is focused primarily
on artisanal and luxury fragrances. In addition to the Company’s
enterprise fragrance strategy, Stéphane will leverage his skin care
expertise to drive differentiation for cult-favorite brands in this
category, as well as opportunities in China and Travel Retail.
Stéphane was named Global Brand President of Estée Lauder and
AERIN in July 2016, and his successful leadership has driven Estée
Lauder’s tremendous global performance across demographics, regions
and channels. Under his oversight, Estée Lauder continues to
exercise its power of recruitment and loyalty around the world,
with a special focus on Chinese consumers globally. The brand’s
hero strategy continues to demonstrate its strength across
existing, globally iconic franchises like Advanced Night Repair and
Double Wear.
Stéphane’s unique ability to cultivate and honor the brand’s
authentic roots while simultaneously connecting with consumers of
all ages, backgrounds and ethnicities, has helped make Estée Lauder
one of the world’s most beloved prestige beauty brands. He has
continued to reinforce Estée Lauder’s aspirational positioning
through elevated brand storytelling and disruptive partnerships
including cult streetwear designer KITH and Japanese graffiti
artist LADY AIKO.
Stéphane is a proactive leader who is passionate about talent
development, always leading by example and constantly learning from
his teams, both in New York and around the world. Prior to his time
at Estée Lauder, Stéphane was Global Brand President, Origins and
Darphin, where he led Origins’ rapid double-digit growth in China,
while simultaneously reinvigorating the brand’s footprint in
heritage markets such as North America through innovative retail
capabilities. Notably, he has also played an important leadership
role in the Company’s fragrance portfolio, having served as Senior
Vice President/Global General Manager, Aramis and Designer
Fragrances.
About The Estée Lauder Companies Inc.| The Estée Lauder
Companies Inc. is one of the world’s leading manufacturers 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 brand names including: Estée
Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy
Hilfiger, M·A·C, Kiton, La Mer, Bobbi Brown, Donna Karan New York,
DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors,
Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, RODIN olio
lusso, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, By
Kilian, BECCA, Too Faced and Dr. Jart+.
ELC-L ELC-C ELC-B
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