Today, the company is pleased to announce two important leadership updates that will further strengthen ELC's business strategy and ability to "run and transform" with an eye to the future. These changes are effective
The complementary evolution of Andrew's and Daniel's respective roles marks the next chapter in
Further information on each appointment is below.
Since joining the company in 2016, Andrew has played an integral role in developing its 10-Year Strategic Compass and a strong global growth strategy that pivots the business to win by helping to drive long-term sustainable performance. Andrew has been critical in developing and collaborating closely with company leaders to drive many of the strategic choices that have helped achieve a strong track record of performance, particularly against a backdrop of increasing volatility and accelerated forces of change.
Unleashing the power of ELC's brand portfolio and multiple engines of growth has been central to the company's record performance. Andrew's excellent pulse on industry and consumer trends, and his acute ability to identify areas to strengthen and diversify ELC's brand portfolio, has enabled the New Business Development (NBD) team to implement a progressive Mergers and Acquisition (M&A) strategy combining acquisitions and minority investments to optimize access, acquisition cost and return on investment.
Andrew's evolved role leading Strategy, New Business Development and Integration will leverage his entrepreneurial abilities to deliver acquisition value creation through an end-to-end process with clear accountability and enterprise governance. Andrew will continue to enhance the company's NBD approach through the creation of a new incubation capability to cultivate new brands, establish innovative business models and ultimately drive organic growth. In addition, Andrew will now be responsible for the onboarding and integration of newly-acquired brands and minority investments.
Andrew will continue to oversee the company's long-term business strategy and identification of "must win" priorities for future growth through the development of its Three-Year Corporate Strategy, 10-Year Strategic Compass and Competitive Assessment.
In the last several years, Andrew also led the successful co-creation and implementation of
Daniel's appointment will further elevate the company's dedicated Transformation capability. He will partner with Andrew to align transformational priorities to ELC's Corporate Strategy and help shape its leadership with new business models, e-commerce and consumer engagement.
Daniel has a deep understanding of the company, having joined as Co-Chair, Global Transformation Committee, on secondment from global management consulting firm Kearney in 2018. He worked closely with ELC's Executive Leadership Team to co-design ELC's unique, integrated Transformation model and establish the Global Transformation Team. To date, Daniel has overseen the evolution of the company's approach to brand innovation, category portfolio management, digital transformation, winning in an omni-channel world, further establishing
As ELC broadens its strategy execution capabilities, Daniel will continue to oversee the Global Transformation Team. In partnership with
Additionally, Daniel will also oversee Category Leadership. He will facilitate a process, in support of ELC's brand-led model, to provide a lens on how the company can win market share in the largest and fastest-growing categories of global prestige beauty. He will regularly convene brand Group Presidents; region leaders;
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