Stéphane de la Faverie to take the lead of Estée Lauder in January 2025

The U.S. magnificence large introduced on Wednesday October 30 the appointment of Stéphane de la Faverie as President and CEO and member of its board of administrators, efficient January 1, 2025. He’ll succeed Fabrizio Freda, whose retirement was introduced earlier this yr.

De La Faverie who most lately held the place of Govt Group President, has greater than 25 years of expertise within the status magnificence trade. Having labored for Lancôme in Paris and Giorgio Armani USA, Stéphane de la Faverie joined the Estée Lauder group in 2011. He at the moment oversees manufacturers such because the Estée Lauder, The Odd and Jo Malone fragrance manufacturers.

Fabrizio Freda, 67, will stay with the group for a number of months to advise and help his successor, and “guarantee a seamless transition,” stated the group in a press launch.

The Estée Lauder Corporations additionally introduced that William P. Lauder is stepping down as government chairman however will stay chairman of the board. “My choice to focus solely on my function as Chair of the Board represents an vital evolution for the Lauder household. Our household’s long-standing day-to-day administration of the Firm is evolving and displays my need to focus extra on the general strategic course of the Firm. As a household, we stay dedicated to this unbelievable Firm and proceed to view our funding by means of the lens of long-term affected person capital,” stated Mr. Lauder.

The group is because of publish its quarterly outcomes on Thursday. It had warned in its final publication that its turnover and income for 2025 have been prone to be beneath expectations.