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- Estee Lauder CEO Fabrizio Freda Announces Retirement for FY2025
Estee Lauder CEO Fabrizio Freda Announces Retirement for FY2025
Slice of Retail Team
August 21, 2024
Key Highlights:
Fabrizio Freda to retire as CEO of Estée Lauder at the end of FY2025.
Succession planning process well advanced with both internal and external candidates.
Freda to remain involved as an advisor in FY2026 post-transition.
Source (Business Wire)
Notable Quotes:
“On behalf of the entire Board of Directors and the Lauder family, we wish to extend our sincere gratitude to Fabrizio for over sixteen years of devoted service to the Company.”
“Leading The Estée Lauder Companies for sixteen years, is and has been, a true honor and privilege. Together we have transformed the Company in beautiful ways; and we have set new standards for excellence.”
Our Take:
Fabrizio Freda’s announcement marks the end of an era for Estée Lauder Companies, where he played a pivotal role in transforming the brand's global presence and strategy. His leadership has been instrumental in navigating the company through both challenges and growth opportunities. The well-advanced succession planning process is crucial for maintaining continuity and ensuring that the company continues to thrive under new leadership. As Estée Lauder prepares for this transition, stakeholders will be keenly observing the next steps in this significant change in leadership.