--- title: "Estée Lauder appoints new CEO, 2 third-generation heirs also resign, marking the first time in 75 years without family members involved in management" description: "Estée Lauder announced on October 30th the appointment of Stéphane de La Faverie as the new President and Chief Executive Officer, effective January 1, 2025, succeeding Fabrizio Freda. This move marks" type: "news" locale: "en" url: "https://longbridge.com/en/news/218559351.md" published_at: "2024-11-01T07:28:44.000Z" --- # Estée Lauder appoints new CEO, 2 third-generation heirs also resign, marking the first time in 75 years without family members involved in management > Estée Lauder announced on October 30th the appointment of Stéphane de La Faverie as the new President and Chief Executive Officer, effective January 1, 2025, succeeding Fabrizio Freda. This move marks the first time in the company's 75-year history that there are no family members involved in management, as third-generation heirs William Lauder and Jane Lauder have both resigned. Stéphane de La Faverie has over 25 years of experience in the beauty industry and has been responsible for the management of several well-known brands On October 30, Estée Lauder announced on its official website that the board of directors has appointed Stéphane de La Faverie as its new President, Chief Executive Officer, and board member, effective January 1, 2025. Stéphane de La Faverie will succeed Fabrizio Freda, who announced his intention to retire earlier this year after more than 16 years with the company. Fabrizio Freda will support de La Faverie in the coming months to ensure a seamless transition. As President and CEO, Stéphane de La Faverie will report directly to the company's board of directors. At the same time, the company also announced that William Lauder, the third-generation heir of the Lauder family, will resign from his position as Executive Chairman and will retain a board seat after the company's upcoming annual shareholder meeting. Jane Lauder, also a third-generation heir, announced on Sunday that she will resign from her company position. This marks the first time in the 75-year history of Estée Lauder that no family members will be involved in day-to-day management. With over 25 years of beauty experience, Stéphane de La Faverie joined the company in 2011 and currently serves as Executive Group President, responsible for managing many brands within the company's strong product portfolio, from billion-dollar brands like Estée Lauder to the expansion and development of brands such as Jo Malone London, the Normal, and Le Labo. The announcement mentioned that Stéphane de La Faverie is a creative, dynamic, and focused leader who is uncompromisingly dedicated to brand excellence and innovation across categories, regions, and channels, as well as driving profitability through discipline, speed, and efficiency. He has played a particularly important role in strengthening the company's fragrance portfolio at critical moments in the category, adeptly navigating industry changes and evolving consumer behaviors. Additionally, Stéphane de La Faverie has been instrumental in leading the implementation of the company's profit recovery and growth plan to help restore stronger and more sustainable profitability. Regarding this appointment, Charlene Barshefsky, Chair of the Estée Lauder Companies Board of Directors, stated that Stéphane de La Faverie is the ideal transformational leader needed to drive the company in addressing current challenges and entering the next chapter of growth. In 2023, to offset the impact of the beauty business in China on Estée Lauder's performance for fiscal year 2025, Estée Lauder Companies began executing the Profit Recovery and Growth Plan (PRGP), aimed at restoring sustainable, long-term organic sales growth and rebuilding the foundation of operational profitability. At that time, Jane Lauder was entrusted with significant responsibilities and was appointed alongside Stéphane de La Faverie as "Co-Executive Leaders" of the PRGP This move has also been widely interpreted by the outside world as the ultimate test for internal candidates Jane Lauder and Stéphane de La Faverie. However, some industry insiders believe that Stéphane de La Faverie's experience in localized operations and market insights in the Chinese market is one of the reasons he is favored by the group. If he becomes CEO, it may bring certain strategic advantages for Estée Lauder's recovery in the Chinese market. Although Jane Lauder has rich experience in digital marketing and gender equality, she lacks direct management experience in the Chinese market. In public reports, she has almost never set foot in China, which is clearly a disadvantage that cannot be ignored for Estée Lauder Group at this time. In September 2022, Estée Lauder Group divided its brand portfolio into two major brand clusters, led by Group Executive President Jane Hertzmark Hudis and Stéphane de La Faverie, who has been promoted to Group Executive President. Both report directly to Fabrizio Freda. The brand cluster led by Stéphane de La Faverie includes Estée Lauder, AERIN Beauty, Jo Malone London, Le Labo, KILIAN PARIS, Editions de Parfums FREDERIC MALLE, DARPHIN, LAB SERIES, and Deciem. At that time, the "scent market" in China was still in its infancy, but Stéphane de La Faverie saw significant market potential in China. Over the past year, he visited Shanghai four times, and the thriving business environment excited him greatly. Based on this, several perfume brands under Estée Lauder Group have been making continuous efforts in China. For example, to connect with Chinese consumers, Le Labo not only opened independent stores in Shanghai to redefine experiential shopping but also launched a Shanghai city limited edition perfume "Myrrh55." The results were immediate. In fiscal year 2024, Estée Lauder Group faced a decline: skincare sales fell by 3%, makeup decreased by 1%, and hair care dropped by 4%, while the perfume category remained strong, with sales increasing by 2% year-on-year. This was mainly driven by mid-single-digit growth of high-end perfume brands, with Le Labo recording strong double-digit growth in net sales, nearly doubling in the Asia-Pacific region. It is evident that the fragrance business has become a growth engine for Estée Lauder Group, and Stéphane de La Faverie has played a significant role in this. In an internal memo announcing her departure, Jane Lauder stated, "The company is undertaking necessary and fundamental changes, and I have thought about how to most effectively help the company regain its rightful position as a global leader in premium beauty." According to reports, Jane Lauder will serve as a consultant for the profit recovery and growth plan of Estee Lauder before the end of the company's fiscal year 2025 (ending June 2025). "This change will allow me to have the greatest impact on the future of the Estee Lauder Companies," she admitted, "In this position, I intend to focus on the company's strategic priorities, growth profile, and necessary transformational changes." ### Related Stocks - [EL.US - Estee Lauder](https://longbridge.com/en/quote/EL.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Envestnet 资产管理公司持有雅诗兰黛公司价值 1335 万美元的股份 | Envestnet Asset Management Inc. 在第三季度减少了对雅诗兰黛公司的持股，减幅为 11.5%，目前持有 151,483 股，市值为 1335 万美元。其他机构投资者也调整了他们的持股，Federated Herm | [Link](https://longbridge.com/en/news/276105685.md) | | 雅诗兰黛｜8-K：2026 财年 Q2 营收 42.29 亿美元不及预期 | | [Link](https://longbridge.com/en/news/274978261.md) | | 别为美最高法推翻特朗普关税高兴太早？华尔街预计市场反应或昙花一现 | 美国股债汇波动相对温和的一个重要原因是，预测市场此前已倾向于这一裁决结果，且特朗普随后表示已有备用方案。虽然特朗普至少有五种替代的法律工具重新征收关税，但无论采取何种方式，都将对长期美债的收益率构成上行压力。 | [Link](https://longbridge.com/en/news/276487370.md) | | 华尔街大佬 Tepper 押注 AI：美光持仓激增 200%，新买韩国 ETF | 对冲基金大佬 Tepper 去年四季度精准狙击 AI 芯片赛道，豪掷逾 6 亿美元重仓美光科技和韩国芯片 ETF，今年已斩获约 30% 回报。全球内存短缺叠加 AI 算力狂潮，其芯片押注与软件股暴跌形成冰火两重天。 | [Link](https://longbridge.com/en/news/276213747.md) | | 美股的 “危险信号” | 本月标普 500 指数成分股在八个交易日内下跌 7% 或以上的股票数量已经超过 100 只，直逼 2022 年美股熊市的水平。 虽然这不像新冠疫情或关税危机期间那样极端，但该指标超过 100 通常意味着更大范围的下滑，而这种情况目前还没有发 | [Link](https://longbridge.com/en/news/276185288.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.