Stéphane de La Faverie to Lead Estée Lauder in 2025

Estée Lauder has appointed Stéphane de La Faverie as its new President and CEO, effective January 1, 2025, succeeding Fabrizio Freda, who announced his retirement plans earlier this year after serving as CEO since 2009. De La Faverie, who joined Estée Lauder in 2011 and currently serves as Executive Group President, will oversee a portfolio that includes brands such as Jo Malone London and Le Labo. The appointment comes amid challenging market conditions, particularly in China, where consumer confidence is low, affecting global beauty sales. William Lauder will step down from his role as Executive Chairman but will remain as Chair of the Board. Jane Lauder, a potential candidate for the CEO position, announced her decision to leave her executive role at the end of the year. The company's shares saw a slight increase following the announcement of the new leadership decision.