The Estée Lauder Companies Announces the Appointment of Stéphane de La Faverie as President and Chief Executive Officer

de La Faverie to Assume Role on January 1, 2025

William P. Lauder to Step Down as Executive Chairman, Will Remain Board Chair

New York, NY – October 31, 2024 – The Estée Lauder Companies Inc. (NYSE: EL), a global leader in prestige beauty, today announced the Board of Directors’ appointment of Stéphane de La Faverie as its new President and Chief Executive Officer and member of its Board of Directors, effective January 1, 2025. Mr. de La Faverie will succeed Fabrizio Freda, who announced his intention to retire earlier this year after more than sixteen years with the Company. Mr. Freda will support Mr. de La Faverie over the next several months to ensure a seamless transition. As President and CEO, Mr. de La Faverie will report directly to the Company’s Board of Directors. Additionally, William P. Lauder will be stepping down from his current role as Executive Chairman of the Company and will remain Chair of the Board of Directors, following the Company’s upcoming Annual Meeting of Stockholders.

Download the full press release here:

ELC CEO Press Release_NL_October 30 2024 ELC CEO Press Release_NL_October 30 2024.pdf - 236 KB
Over Estée Lauder Companies

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, and is a steward of luxury and prestige brands globally. 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 Cosmetics, Aveda, Jo Malone London, Bumble and bumble, Darphin Paris, TOM FORD, Smashbox, AERIN Beauty, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, KILIAN PARIS, Too Faced, Dr.Jart+, the DECIEM family of brands, including The Ordinary and NIOD, and BALMAIN Beauty.