12.02.24
After much speculation, The Estée Lauder Companies Inc. 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. De La Faverie will succeed Fabrizio Freda, who announced his intention to retire earlier this year after more than 16 years with the company. Freda will support de La Faverie over the next several months “to ensure a seamless transition.”
As President and CEO, de La Faverie will report directly to the Board. 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.
With more than 25 years of prestige beauty experience, de La Faverie joined the company in 2011. Prior to his newly announced role, de La Faverie served as Executive Group President.
As President and CEO, de La Faverie will report directly to the Board. 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.
With more than 25 years of prestige beauty experience, de La Faverie joined the company in 2011. Prior to his newly announced role, de La Faverie served as Executive Group President.
