The Estée Lauder Companies announced on October 29, 2024, the appointment of Stéphane de La Faverie as its new President and Chief Executive Officer, effective January 1, 2025. He will succeed Fabrizio Freda, who announced his intention to retire earlier in the year.
William P. Lauder will step down from his current role as Executive Chairman of the Company, remaining as Chair of the Board of Directors. Jane Lauder will also step aside from her executive role at the end of the year, continuing to serve on the company's board.
Mr. de La Faverie, with over 25 years of prestige beauty experience, currently serves as Executive Group President, overseeing many of the company's brands. His appointment is expected to drive long-term growth and deploy transformational new approaches for the future.
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