HBW Insight is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By


Estee Lauder names COO, heir to CEO

This article was originally published in The Rose Sheet

Executive Summary

Fabrizio Freda has been named president and chief operating officer of Estee Lauder, the firm announces Nov. 9. The appointment puts Freda in line to succeed William P. Lauder as CEO within 24 months, the firm states. At that time, chairman of the board Leonard Lauder will become chairman emeritus and William Lauder will assume his father's post. Firm's specialty brands division, Clinique, the international business and the Aramis and Designer Fragrances division will report to Freda. Prior to this appointment, Freda was president, global snacks at Procter & Gamble. "He is one of the world's most talented global executives and a true internationalist with the experience and capability to drive our dynamic global business. Additionally, he has a proven track record in the consumer products arena and a passion for consumer-inspired innovation," William Lauder said in a statement. Current COO Dan Brestle is made vice chairman and president, ELC North America; he will oversee the Estee Lauder, MAC, Prescriptives and Tom Ford Beauty brands....

You may also be interested in...

Lauder Establishes Executive Team, Restructures Regional Units

The Estee Lauder Companies is implementing a new organization structure under a dynamic leadership team that will help leverage the creative and brand strengths of the business, the cosmetics company reported April 29

William passes baton to first non-Lauder CEO

Fabrizio Freda will be CEO and president of The Estee Lauder Companies on July 1, the start of the firm's fiscal 2010, the firm announces March 26. The move makes Freda the first non-Lauder family member to head the company (1"The Rose Sheet" Nov. 12, 2007, In Brief). Chairman of the Board Leonard Lauder will become chairman emeritus, and William P. Lauder will assume the role of executive board chairman. Freda, currently the firm's president and chief operating officer, previously worked at Procter & Gamble as president of global snacks. In his new post Freda will be responsible for implementing the firm's long-term strategic plan to gain market share in the global prestige beauty industry and improve its profitability. "It is a great honor to lead this fantastic company to even greater heights of success," Freda says. "As we embark on this next chapter, guided by our new corporate vision to imagine, integrate and innovate, we expect to deliver unparalleled creativity, improve efficiency and unite the brands and regions into a cohesive whole.

Colgate Offers 'Anti-Aging' Toothpaste In China, Ready For 'Prolonged' Coronavirus

Colgate expects a ‘modest negative impact’ from the coronavirus on its first quarter results, but it made contingency plans for longer-term impact. In a presentation at the CAGNY conference, CEO Noel Wallace discussed a new anti-aging toothpaste in China and the latest iteration of Colgate Optic White in the US.




Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts