Written on: August 24, 2024 by SprayTM
The Estée Lauder Cos. (ELC) announced that Fabrizio Freda has informed the Board of Directors of his intention to retire at the end of fiscal year 2025.
FREDA
“On behalf of the entire Board of Directors and the Lauder family, we wish to extend our sincere gratitude to Fabrizio for over sixteen years of devoted service to the Company,” said William P. Lauder, Executive Chairman.
“We look forward to celebrating Fabrizio’s many amazing accomplishments as his formal retirement date nears. Until then, the Board, Fabrizio and the entire leadership team are laser-focused on navigating the current challenges faced by the Company.”
Freda added, “Leading The Estée Lauder Companies for sixteen years, is and has been, a true honor and privilege.”
“I look forward to continuing to work closely with our Board of Directors in the selection of my successor and ensuring a seamless transition.”
The ELC Board is well advanced in its long-established CEO succession planning process and has considered many highly qualified internal and external candidates.
