The Est?e Lauder Companies Inc. announced the following updates to its Asia/Pacific leadership, which are effective February 1, 2022. Joy Fanwill be promoted to President and CEO, China. She will report directly to Peter Jueptner in his new role as President, International, and she will remain a member of ELC?s Executive Leadership Team. Following the recent announcement that Mark Loomis, currently President, Asia/Pacific, will be taking on a new role as President, North America, Matthew Growdon, currentlyGeneral Manager, Japan, will be promoted toSenior Vice President and General Manager, Asia/Pacific, also reporting directly to Peter. He will become a member of the Executive Leadership Team, leading all markets in Asia/Pacific, excluding mainland China. The company is delighted that Joy Fanwill assume the new role of President and CEO, China, overseeing the mainland China business. A visionary executive and one of the most respected leaders in the business, she has deep expertise in China, complemented by a global perspective and exceptional brand-building abilities. In 2012, Joy assumed leadership of the China affiliate, and has since worked with her team to lead its extraordinary growth over the course of just nine years. In her new role, Joy will continue to be responsible for the company?s long-term growth strategy for China and its vision for the Chinese consumer. ELC expects Asia/Pacific will continue to be a significant area of strategic focus and future opportunity for the company, as it includes some the largest affiliates globally, high-potential emerging markets, mainly across Southeast Asia, and other key markets of influence. The highly talented and dedicated Asia/Pacific team has done an incredible job of driving the business across the region. In his new role as Senior Vice President and General Manager, Asia/Pacific,Matthew Growdon will oversee all 12 markets in the region, working closely with affiliate General Managers. With the elevation of China, the Asia/Pacific team, led by Matthew, has an exciting opportunity to further focus its efforts on ELC?s multiple engines of growth throughout the region, including key affiliates that continue to drive the company?s global performance and significant opportunities in emerging markets.