Letter from Executive Chairman

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Overview

Letter from Executive Chairman

Thanks to the hard work of our exceptionally talented people around the world, we continue to strengthen our position as The Global House of Prestige Beauty, delivering superior products and experiences to our consumers.

Our Company operates in a dynamic global landscape, where the barriers and pathways to success are constantly changing. Under the extraordinary leadership of our President and Chief Executive Officer Fabrizio Freda, and with the counsel of our Board of Directors, we have persevered through uncertainty to generate impressive annual performance, while positioning ourselves for profitable growth over the long-term. Today, we are deploying resources to expand our leadership in the digital world and building additional capabilities that will be essential to our future.

From our most seasoned leaders to our newest hires, our 46,000 employees are the driving force behind our long-term success. We are intent on hiring and retaining a workforce that reflects the global populations we serve. We identify and develop compelling, qualified employees from diverse backgrounds and cultivate an inclusive environment in which everyone can thrive. The vast range of voices and viewpoints throughout our Company drive our creativity and, ultimately, our success. By strongly investing in our people, we have built a remarkable team and are cultivating the next generation of diverse and talented leadership.

The vast range of voices and viewpoints throughout our Company drive our creativity and, ultimately, our success.

William P. Lauder

Executive Chairman

As a global company, we recognize that we are part of a global community. This was never more apparent than in this past year during which our people and our business exhibited tremendous resilience in the face of challenging and difficult circumstances, such as global terror attacks and economic instability. I am proud of our employees’ continued compassion amid these difficult times.

Increasingly, we are looking at opportunities to focus our corporate citizenship and sustainability efforts in areas where we can have the greatest long-term impact and resonance with our business, our consumers and our communities. Our brands made great strides this year. Aveda celebrated 10 years of protecting clean water in over 20 countries, the BCA Campaign raised over $6 million to support breast cancer research, education and medical services, and 3,000 of our global employees participated in the World AIDS Day Global Volunteer Initiative in support of the M·A·C AIDS Fund.

We have many opportunities to affect economic, environmental and social impacts throughout our entire value chain. We look forward to strengthening our efforts to positively contribute solutions to some of our global sustainability challenges.

William P. Lauder
Executive Chairman
September 23, 2016

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The Estée Lauder Companies' Letter from Executive Chairman

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