Estee Lauder names Stephane de La Faverie as CEO

Reuters
2024.10.30 10:37
portai
I'm PortAI, I can summarize articles.

Oct 30 (Reuters) - Cosmetics giant Estee Lauderon Wednesday named Stephane de La Faverie as its new president and CEO, effective Jan. 1, 2025.La Faverie is currently the executive group president at the company and oversees high-end fragrance brands such as Jo Malone London, Frederic Malle, Le Labo and Kilian Paris.In August, the company said CEO Fabrizio Freda was retiring next year and would remain as an adviser to his successor in fiscal year 2026.Estee Lauder is set to report its quarterly earnings on Thursday.

Oct 30 (Reuters) - Cosmetics giant Estee Lauder (EL.N) on Wednesday named Stephane de La Faverie as its new president and CEO, effective Jan. 1, 2025.

La Faverie is currently the executive group president at the company and oversees high-end fragrance brands such as Jo Malone London, Frederic Malle, Le Labo and Kilian Paris.

In August, the company said CEO Fabrizio Freda was retiring next year and would remain as an adviser to his successor in fiscal year 2026.

Estee Lauder is set to report its quarterly earnings on Thursday.

Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.