Estee Lauder names Stephane de La Faverie as CEO-March 2024-www.financetom.com

Estee Lauder names Stephane de La Faverie as CEO

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Estee Lauder names Stephane de La Faverie as CEO

Nov 3, 2024 2:47 PM

(Reuters) -Cosmetics giant Estee Lauder ( EL ) on Wednesday named Stephane de La Faverie as its new president and CEO, effective Jan. 1, 2025.

La Faverie is currently the executive group president at the company and oversees high-end fragrance brands such as Jo Malone London, Frederic Malle, Le Labo and Kilian Paris.

In August, the company said CEO Fabrizio Freda was retiring next year and would remain as an adviser to his successor in fiscal year 2026.

Estee Lauder ( EL ) is set to report its quarterly earnings on Thursday.

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