Estée Lauder's Group President Peter Jueptner to Depart by June

Peter Jueptner, the Group President, International for Estée Lauder Companies, will step down from his position on April 1 and leave the company by June 30, concluding a 16-year career with the beauty giant. Jueptner, who joined in 2009, held various roles including Senior VP of Strategy and President of EMEA, where he oversaw significant brand acquisitions and drove growth across global markets. His leadership was recognized for fostering a culture of diversity and innovation, with William P. Lauder noting his substantial impact on the company's expansion and strategic direction. This leadership change comes amid recent challenges for Estée Lauder, including a 4% decline in sales attributed to low consumer sentiment in China and broader market upheaval. Stéphane de La Faverie, the new CEO, is tasked with steering the company through these turbulent times while implementing necessary strategic changes. The transition marks a significant moment as the company seeks to regain its footing and investor confidence.