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
evolution across its brand portfolio to strategically position the
company for long-term, sustainable growth in a fast-paced evolving
global landscape.
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the full release here:
https://www.businesswire.com/news/home/20220914005700/en/
Jane Hertzmark Hudis, Executive Group
President, The Estée Lauder Companies (Photo: Business Wire)
Effective September 1, 2022, the company’s brand portfolio
evolved into two brand clusters led by Jane Hertzmark Hudis,
Executive Group President, and Stéphane de La Faverie, who
has been promoted to Executive Group President. This new brand
leadership structure is designed to ensure continued portfolio-wide
alignment, enabling the business 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 continuously changing
beauty landscape, while elevating our internal talent bench and
organizational planning to position us well to deliver on the
company’s long-term strategy with agility,” said Fabrizio
Freda. “The strength of our portfolio reflects the strength of
our leadership team, and this evolution leverages the track record
and high potential of each leader to take our business to even
greater heights in the future.”
Building upon their enterprise-wide leadership responsibilities,
Jane and Stéphane, in partnership with the Brand Presidents, will
oversee their brands’ businesses, equity and innovation, continuing
to work in close alignment with all internal functions and regions.
Additionally, they will work closely with brand and value chain
leaders to drive the strategy and growth plans for the company’s
product categories and key subcategories.
“We have been and will continue to be a brand-led company. This
exciting update to the organization will further enable our brands’
industry leadership,” said William P. Lauder. “Leveraging
ELC’s internal talent pipeline globally underscores our commitment
to create new professional development and career advancement
opportunities for the next generation of leaders across our
organization.”
This organizational evolution aligns with ELC’s forward-looking
corporate strategy and Compass to accelerate the company’s ability
to deliver now while simultaneously preparing for the future. The
company’s top brand leaders are organizationally aligned in a
management structure designed to promote cross-brand synergies 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 elevated brand roles
within the clusters of Jane and Stéphane.
Executive Group President Jane Hertzmark Hudis will
continue leading one of the company’s brand clusters, with a
portfolio of brands that includes: La Mer and Bobbi Brown; TOM FORD
BEAUTY; M·A·C; Clinique and Origins; Aveda; Bumble and bumble; and
Dr.Jart+. Jane will also continue her enterprise-wide executive
leadership of skin care and hair care, which are important
growth-driving categories for our company. All the current brand
leaders will remain the same, with the exception of Sandra Main
taking direct responsibility of La Mer. In addition, Jane will
continue as an executive sponsor for key strategic enterprise-wide
priorities, including initiatives focused on marketing excellence
and winning with Chinese consumers.
As one of the most accomplished, visionary executives in
prestige and luxury beauty, Jane has a proven track record of
leading, building, and transforming global brands to achieve
outstanding broad-based growth. Jane will leverage her tenured
expertise, including her vast knowledge of China, luxury beauty,
and consumer-centric local relevance, to further enable her brand
portfolio to win across categories, regions, and channels.
Jane is a passionate advocate of leadership development,
mentorship, and women’s advancement. In addition to her
enterprise-wide responsibilities at 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 become exceptional leaders and mentors. Under Jane’s
co-executive sponsorship, WLN has become the company’s largest
employee resource group with a presence in every region.
As Executive Group President, Stéphane de
La Faverie will continue to lead one of the company’s
brand clusters including Estée Lauder and AERIN Beauty; Jo Malone
London; Le Labo; KILIAN PARIS, Editions de Parfums Frederic Malle,
Darphin Paris and LAB Series; and DECIEM (The Ordinary, NIOD, and
Avestan). Additionally, Stéphane will add ELC’s California-based
brands to his portfolio – Too Faced; Smashbox and GLAMGLOW –
expanding his category leadership to now include makeup, in
addition to fragrance and subcategories of home, bath and body, and
men’s skin care and grooming. With the exception of Estée Lauder,
all the leaders of the brands now in Stéphane’s portfolio remain
the same. Stéphane will also continue to drive integrated planning
and end-to-end business operations enterprise-wide.
Stéphane’s promotion to Executive Group President reflects his
outstanding track record of building successful global brands and
his deep expertise across categories and channels, helping build
fragrance as a powerful engine of growth for the company, and
leading the Estée Lauder brand to be one of the world’s most
beloved prestige beauty brands.
Stéphane’s strength as an inclusive and empathic leader, and his
ability to balance emotional inspiration, authenticity and
strategic insights to drive long-term, sustainable growth, have
helped him successfully build his portfolio of brands and nurture a
winning leadership team.
Additional Brand Leadership
Updates
- Justin Boxford has been appointed Global Brand
President, Estée Lauder. He will report to Stéphane. A separate
announcement on Justin’s appointment 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 will oversee
Bobbi Brown until a new leader is named. Sandra will continue
reporting to Jane.
- Michelle Freyre has been 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 The Estée Lauder Companies Inc.
The Estée Lauder Companies Inc. is one of the world’s leading
manufacturers, marketers, and sellers 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, 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.
ELC-L ELC-C
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version on businesswire.com: https://www.businesswire.com/news/home/20220914005700/en/
Investor Relations: Rainey Mancini
rmancini@estee.com
Media Relations: Jill Marvin
jimarvin@estee.com
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