According to Benzinga Pro, EL stock has lost over 31% in the past year.
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Freda has played a crucial role in steering the company through substantial growth and transformation during his tenure.
De La Faverie currently serves as Executive Group President, where he oversees a diverse portfolio of brands, including industry giants like Estée Lauder, as well as developing brands such as Jo Malone London, The Ordinary, and Le Labo. Before joining Estée Lauder in 2011, he was General Manager of Giorgio Armani Beauty USA, a division of L’Oréal Paris.
To ensure a smooth transition, Freda will work closely with de La Faverie over the coming months, fostering continuity and maintaining the company’s strategic direction as it embarks on this new chapter in leadership.
Meanwhile, William P. Lauder will resign as Executive Chairman but will continue to serve as Chair of the Board.
Investors can gain exposure to the stock via VanEck ETF Trust VanEck Morningstar Wide Moat Growth ETF (BATS:MGRO) and KraneShares Trust KraneShares Global Luxury Index ETF (NYSE:KLXY).
Price Action: EL shares are trading lower by 0.98% to $87.88 at last check Wednesday.
Photo via Wikimedia Commons
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