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This article was originally published in The Rose Sheet

Executive Summary

Lauder loses one, adds another: Group President Philip Shearer has resigned from Estee Lauder to pursue other opportunities, firm says. Shearer's direct reports now will report to CEO William Lauder until incoming President and Chief Operating Officer Fabrizio Freda arrives in March. In a recent release, CEO Lauder states: "Philip has done a wonderful job over the past six years, initially leading our international business and more recently heading up the Clinique, Origins, Aveda, Bumble and Bumble, and Ojon brands, as well as our online business." Meanwhile, Daniel Rachmanis has been appointed to the newly created position of senior VP-International Business Development, reporting to International President Cedric Prouvé on various international projects and to BeautyBank President Jane Hudis on the international launch of firm's BeautyBank brands, according to Lauder. Rachmanis comes to Lauder from Chemaid Laboratories where as CEO he "restructured Sales & Marketing and Research & Development capabilities to make the company a key player in the premium skin/body/hair-care sector," Lauder says. Prior to his time at Chemaid, Rachmanis served as president, fine fragrances, Americas, at Firmenich. "Daniel was a highly respected partner while on the supplier side and joins us with extensive prior knowledge and understanding of our organization," Prouvé says

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