NEW YORK- This week, The Estee Lauder Companies (NYSE:EL) announced that Stephane de La Faverie has been promoted to Group President, while continuing in his role as Global Brand President, Estee Lauder and AERIN. He will report directly to Fabrizio Freda, President and Chief Executive Officer in his role as Group President, and will continue to report to Jane Hertzmark Hudis, Executive Group President, for his Global Brand President responsibilities for Estee Lauder and AERIN. As Group President, Stephane's new portfolio of brands will include Jo Malone London, Aramis and Designer Fragrances, Le Labo, Darphin, Lab Series, By Kilian, Editions de Parfums Frederic Malle, RODIN olio lusso and Prescriptives.
'Stephane has extensive expertise leading brands, making him well suited to the significant leadership responsibilities of the Group President role,' said Fabrizio Freda. 'As Global Brand President, Estee Lauder and AERIN, he has been the ideal leader to bring our company's iconic namesake brand into an incredible phase of broad-based growth. His well-deserved promotion reflects his excellent track record of building and leading global brands, his expertise across categories and channels, and a keen understanding of local relevance.'
As Group President, Stephane will oversee and drive ELC's recently-announced third brand cluster, which is focused primarily on artisanal and luxury fragrances. In addition to the Company's enterprise fragrance strategy, Stephane will leverage his skin care expertise to drive differentiation for cult-favorite brands in this category, as well as opportunities in China and Travel Retail.
Stephane was named Global Brand President of Estee Lauder and AERIN in July 2016, and his successful leadership has driven Estee Lauder's tremendous global performance across demographics, regions and channels. Under his oversight, Estee Lauder continues to exercise its power of recruitment and loyalty around the world, with a special focus on Chinese consumers globally. The brand's hero strategy continues to demonstrate its strength across existing, globally iconic franchises like Advanced Night Repair and Double Wear.
Stephane's unique ability to cultivate and honor the brand's authentic roots while simultaneously connecting with consumers of all ages, backgrounds and ethnicities, has helped make Estee Lauder one of the world's most beloved prestige beauty brands. He has continued to reinforce Estee Lauder's aspirational positioning through elevated brand storytelling and disruptive partnerships including cult streetwear designer KITH and Japanese graffiti artist LADY AIKO.
Stephane is a proactive leader who is passionate about talent development, always leading by example and constantly learning from his teams, both in New York and around the world. Prior to his time at Estee Lauder, Stephane was Global Brand President, Origins and Darphin, where he led Origins' rapid double-digit growth in China, while simultaneously reinvigorating the brand's footprint in heritage markets such as North America through innovative retail capabilities. Notably, he has also played an important leadership role in the Company's fragrance portfolio, having served as Senior Vice President/Global General Manager, Aramis and Designer Fragrances.
About The Estee Lauder Companies Inc.|
The Estee Lauder 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 approximately 150 countries and territories under brand names including: Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, M*A*C, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA, Too Faced and Dr. Jart+.
Source: The Estee Lauder Companies Inc.