The Estée Lauder Companies Expands Leadership Roles for Jane Lauder and
NEW YORK -- November 29, 2012
Executive Chairman William P. Lauder and President and Chief Executive Officer
Fabrizio Freda of The Estée Lauder Companies Inc. (NYSE:EL) today announced
that Jane Lauder and Peter Lichtenthal will each assume additional
responsibilities as part of the Company’s strategic organizational redesign
announced on Thursday, November 15, 2012. The continuing organizational
evolution reflects a move to keep pace with the Company’s outstanding global
growth since 2009. These appointments become effective January 1, 2013.
Fabrizio Freda stated, “We are a dynamic organization, evolving as the skills
of our Company grow. Jane and Peter are exceptional global brand leaders who
consistently maximize opportunities across regions and channels to deliver
outstanding results. The additional responsibilities we are announcing for our
leaders celebrate their strengths and, at the same time, provide them growth
opportunities that make our business exciting.”
Jane Lauder, Global President and General Manager of the Origins and Ojon
brands, will now add Darphin to her brand leadership responsibilities. This
evolution recognizes both her strategic and operational strengths, as well as
Ms. Lauder’s proven track record in developing certain of the Company’s
turnaround brands. Ms. Lauder will continue to report to Lynne Greene, who
takes on her new role as Group President of Clinique, Origins, Ojon, Aveda and
Darphin on January 1, 2013. Ms. Greene will remain President of the Clinique
“Jane is intelligent, focused, tenacious and determined to lead her teams to
success. She has done a brilliant job with her brands, especially with Origins
around the world. We are proud she will take on this new responsibility,” said
Recognizing his achievements as President of trend-setting professional hair
care brand Bumble and bumble, and his previous experience in senior marketing
roles within the Estée Lauder brand and M.A.C Cosmetics, Peter Lichtenthal
will now also oversee Smashbox. At Smashbox, Mr. Lichtenthal will drive
integration, further linking the brand with the Company’s global marketing and
commercial capabilities. Mr. Lichtenthal will now report to John Demsey, Group
President of Estée Lauder, M•A•C, Tom Ford Beauty, Prescriptives, Bobbi Brown,
La Mer, Jo Malone and Smashbox. Mr. Demsey will add Bumble and bumble to his
responsibilities on January 1, 2013.
“Peter Lichtenthal has over 20 years’ brand-building experience with The Estée
Lauder Companies. His recent direction of Bumble and bumble has taken the
brand to new horizons in fashion, innovation and specialty retailing. Peter
will be an excellent addition to the Smashbox leadership team, advancing the
strategic development of this growing brand,” said John Demsey.
Of the continued organizational evolution, William Lauder stated, “We have
always said that our greatest asset is our people. Both Jane and Peter possess
the outstanding strengths and leadership skills that define us as a brand-led,
strategic organization that is creativity-driven and consumer-inspired. We
benefit from the growth of our leaders as we grow our Company and our
exceptional brands globally, leveraging the strengths and synergies that drive
The forward looking statements contained in this press release, such as those
in the remarks by Mr. Lauder, Mr. Freda, Ms. Greene and Mr. Demsey are subject
to risks and uncertainties. Factors that could cause actual results to differ
from those we expect, such as competition, changes in the beauty industry and
the risks of doing business abroad, are set forth in our Annual Report on Form
10-K for the year ended June 20, 2012, and our Quarterly Report on form 10-Q
for the quarter ended September 30, 2012.
The EstéeLauder Companies Inc.is one of the world’s leading manufacturers
and marketers of quality skin care, makeup, fragrance and hair care products.
The Company’s products are sold in over 150 countries and territories under
the following brand names: Estée Lauder, Aramis, Clinique, Prescriptives, Lab
Series, Origins, M•A•C,Bobbi Brown,Tommy Hilfiger, Kiton, La Mer, Donna
Karan, Aveda,Jo Malone, Bumble and bumble,Darphin,Michael Kors, American
Beauty, Flirt!,GoodSkin Labs,Grassroots Research Labs,Tom Ford, Coach,
Ojon, Smashbox,Ermenegildo Zegna, Aerin Beauty and Osiao.
An electronic version of this release can be found at the Company’s website,
EstéeLauder Companies Inc.
Alexandra Trower, 212-572-4430
Dennis D’Andrea, 212-572-4384
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