The Estée Lauder Companies Inc. (NYSE:EL) announced today that Jane
Lauder has been named Global Brand President, Clinique. Succeeding Ms.
Lauder will be Stephane de la Faverie who has been named Senior Vice
President/Global General Manager, Origins, Ojon and Darphin. Their new
roles will become effective on April 1, 2014.
Jane Lauder (Photo: Business Wire)
Both Ms. Lauder and Mr. de la Faverie will report to Lynne Greene, Group
President of Clinique, Origins, Ojon, Aveda and Darphin. As announced in
2012, Ms. Greene was promoted to Group President as part of an
organizational redesign to further align brands and provide high
potential leaders with increased opportunities. Appointing Ms. Lauder to
Clinique supports this evolution and will enable Ms. Greene to focus on
the strategic direction of her brand portfolio and her other significant
leadership responsibilities.
“Lynne’s vision combined with her industry-leading creativity has
propelled Clinique’s exceptional global results and her close
partnership with Jane will enable Clinique’s future success. Jane’s new
role reflects her proven talent as one of our Company’s valued business
leaders and innovative thinkers. Her ability to take brands and help
maximize their global potential has been a key driver in our Company’s
success,” said Fabrizio Freda, President and Chief Executive Officer,
The Estée Lauder Companies.
In addition to supporting the Company’s organizational evolution, this
appointment was a natural move for Ms. Lauder who earlier in her career
was Senior Vice President, Global Marketing for Clinique where she was
responsible for the brand’s overall strategic marketing and helped take
the brand into new markets. As a result of her success in this role, Ms.
Lauder later became Global Brand President, Origins, Ojon and Darphin.
“Jane is a very driven and talented leader. With her deep knowledge of
today’s global consumer, I am delighted to have her back on the Clinique
team where I know she will be extremely successful in advancing the long
heritage of innovation,” said Lynne Greene. “Stephane brings significant
experience in multi-brand leadership and expertise in skin care. His
track record demonstrates his strength in successfully growing smaller
brands and taking them into new markets. I am confident that both Jane
and Stephane will bring outstanding growth and leadership to their
brands.”
“It is our people who make our Company great. As Jane and Stephane
continue on their Estée Lauder Companies journey, we grow as a
Company—leveraging their strengths to drive our success,” said William
P. Lauder, Executive Chairman, The Estée Lauder Companies. “Both are
terrific leaders who consistently recognize global opportunities and
most of all, inspire their teams to deliver excellence.”
Mr. de la Faverie joined The Estée Lauder Companies in 2011 as Senior
Vice President, Global General Manager, Aramis and Designer Fragrances;
shortly thereafter Lab Series and GoodSkin Labs were added to his
responsibilities. Since joining the Company, Mr. de la Faverie has
helped grow Aramis and Designer Fragrances’ profitability and expand the
Company’s designer fragrance portfolio. Throughout his tenure in the
beauty industry, Mr. de la Faverie has worked to build a number of skin
care brands. Most recently under his leadership, the men’s skin care
brand, Lab Series, successfully launched several major innovations
globally.
Mr. Freda said, “Stephane is an ideal person to build on the success
from Jane’s prior leadership. His keen ability to think globally and act
locally will help the Origins, Ojon and Darphin teams continue to focus
on their fastest-growing opportunities.”
In November of 2012, William P. Lauder and Fabrizio Freda announced an
organizational redesign to drive the Company’s future success by further
aligning brands, ensuring focus on the greatest opportunities globally
and creating growth for talent worldwide. The appointments announced
today are a continuation of this organizational evolution.
The Estée Lauder Companies Inc. is one of the world’s leading
manufacturers and marketers of quality skin care, makeup, fragrance and
hair care products. The Company’s products are sold in over 150
countries and territories under the following brand names: Estée Lauder,
Aramis, Clinique, Prescriptives, Lab Series, Origins, M•A•C, Bobbi
Brown, Tommy Hilfiger, Kiton, La Mer, Donna Karan, Aveda, Jo Malone,
Bumble and bumble, Darphin, Michael Kors, American Beauty,
Flirt!, GoodSkin Labs, Grassroots Research Labs, Tom Ford, Coach, Ojon,
Smashbox, Ermenegildo Zegna, Aerin Beauty, Osiao, Marni and Tory Burch.
An electronic version of this release can be found at the Company’s
Website, www.elcompanies.com.
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