NEW YORK--(BUSINESS WIRE)--Nov. 29, 2012--
Executive Chairman William P. Lauder and President and Chief Executive
Officer Fabrizio Freda of The Estée Lauder Companies Inc. (NYSE:EL)
today announced that Jane Lauder and Peter Lichtenthal will each assume
additional responsibilities as part of the Company’s strategic
organizational redesign announced on Thursday, November 15, 2012. The
continuing organizational evolution reflects a move to keep pace with
the Company’s outstanding global growth since 2009. These appointments
become effective January 1, 2013.
Fabrizio Freda stated, “We are a dynamic organization, evolving as the
skills of our Company grow. Jane and Peter are exceptional global brand
leaders who consistently maximize opportunities across regions and
channels to deliver outstanding results. The additional responsibilities
we are announcing for our leaders celebrate their strengths and, at the
same time, provide them growth opportunities that make our business
exciting.”
Jane Lauder, Global President and General Manager of the Origins and
Ojon brands, will now add Darphin to her brand leadership
responsibilities. This evolution recognizes both her strategic and
operational strengths, as well as Ms. Lauder’s proven track record in
developing certain of the Company’s turnaround brands. Ms. Lauder will
continue to report to Lynne Greene, who takes on her new role as Group
President of Clinique, Origins, Ojon, Aveda and Darphin on January 1,
2013. Ms. Greene will remain President of the Clinique brand.
“Jane is intelligent, focused, tenacious and determined to lead her
teams to success. She has done a brilliant job with her brands,
especially with Origins around the world. We are proud she will take on
this new responsibility,” said Lynne Greene.
Recognizing his achievements as President of trend-setting professional
hair care brand Bumble and bumble, and his previous experience in senior
marketing roles within the Estée Lauder brand and M.A.C Cosmetics, Peter
Lichtenthal will now also oversee Smashbox. At Smashbox, Mr. Lichtenthal
will drive integration, further linking the brand with the Company’s
global marketing and commercial capabilities. Mr. Lichtenthal will now
report to John Demsey, Group President of Estée Lauder, M•A•C, Tom Ford
Beauty, Prescriptives, Bobbi Brown, La Mer, Jo Malone and Smashbox. Mr.
Demsey will add Bumble and bumble to his responsibilities on January 1,
2013.
“Peter Lichtenthal has over 20 years’ brand-building experience with The
Estée Lauder Companies. His recent direction of Bumble and bumble has
taken the brand to new horizons in fashion, innovation and specialty
retailing. Peter will be an excellent addition to the Smashbox
leadership team, advancing the strategic development of this growing
brand,” said John Demsey.
Of the continued organizational evolution, William Lauder stated, “We
have always said that our greatest asset is our people. Both Jane and
Peter possess the outstanding strengths and leadership skills that
define us as a brand-led, strategic organization that is
creativity-driven and consumer-inspired. We benefit from the growth of
our leaders as we grow our Company and our exceptional brands globally,
leveraging the strengths and synergies that drive our success.”
The forward looking statements contained in this press release, such as
those in the remarks by Mr. Lauder, Mr. Freda, Ms. Greene and Mr. Demsey
are subject to risks and uncertainties. Factors that could cause actual
results to differ from those we expect, such as competition, changes in
the beauty industry and the risks of doing business abroad, are set
forth in our Annual Report on Form 10-K for the year ended June 20,
2012, and our Quarterly Report on form 10-Q for the quarter ended
September 30, 2012.
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 and Osiao.
An electronic version of this release can be found at the Company’s
website, www.elcompanies.com.
Source: Estée Lauder Companies Inc.
Estée Lauder Companies Inc.
Media Relations:
Alexandra
Trower, 212-572-4430
or
Investor Relations:
Dennis
D’Andrea, 212-572-4384
