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Estée Lauder Companies Appoints Stéphane de La Faverie as New CEO
Slice of Retail Team
October 31, 2024
Key Highlights:
Stéphane de La Faverie named President & CEO of Estée Lauder, effective January 1, 2025.
Fabrizio Freda, retiring CEO, to aid in the leadership transition.
William P. Lauder to focus solely as Chair of the Board after stepping down as Executive Chairman.
Focus on revitalizing growth through brand innovation and consumer-centric strategies.
Source: Business Wire
Notable Quotes:
“Stéphane’s deep-rooted industry and operational expertise make him the ideal CEO to move us forward with speed and urgency.”
“Stéphane is the ideal transformational leader needed to drive this extraordinary Company through its current challenges and into its next chapter of growth.”
“Stéphane’s deep knowledge, exceptional strength as a leader, and unique ability to drive profitable growth will enable him to guide the future success of the Company’s portfolio.”
Our Take:
The appointment of Stéphane de La Faverie as CEO of The Estée Lauder Companies signals a strategic shift towards reinvigorated growth and brand innovation. With a strong history of leadership within Estée Lauder and a proven track record in the beauty industry, de La Faverie’s approach promises to blend heritage with transformative strategies, targeting brand growth and a renewed consumer focus. The phased leadership transition with outgoing CEO Fabrizio Freda and William P. Lauder’s new role as sole Chair reflects an evolved leadership model, positioning the company to address market shifts while maintaining stability and long-term vision.