Stéphane de La Faverie: A New Era Begins at The Estée Lauder Companies. The Estée Lauder Companies, a leading name in prestige beauty, has announced the appointment of Stéphane de La Faverie as President and Chief Executive Officer, effective January 1, 2025. This strategic change follows the retirement of Fabrizio Freda after over sixteen years of leadership. La Faverie is set to leverage his extensive industry experience to drive innovation and sustainable growth at the company.
Introduction to Leadership Change – new President and Chief Executive Officer
The Estée Lauder Companies Inc., renowned for its luxury beauty products, has set the stage for significant transformation with the announcement of Stéphane de La Faverie as its new President and Chief Executive Officer. Set to assume the role on January 1, 2025, he will succeed the long-serving Fabrizio Freda, who is transitioning into retirement after a successful tenure. The leadership change comes at a time when the beauty industry faces evolving consumer behaviours and market dynamics.
Over 25 years of expertise in the prestige beauty sector – Stéphane de La Faverie’s Background
Stéphane de La Faverie brings over 25 years of expertise in the prestige beauty sector, having joined The Estée Lauder Companies in 2011. His current position as Executive Group President has seen him oversee multiple successful brands from Estée Lauder to Jo Malone London, Le Labo, and The Ordinary. His track record indicates a strong focus on brand excellence, innovation, and an ability to enhance profitability, making him a strategic choice for the CEO role.
Previously, de La Faverie held key positions at renowned companies including L’Oréal’s Giorgio Armani Beauty and Lancôme, establishing a broad understanding of the market that will serve him well in his new role. His extensive experience encompasses managing complex global supply chains, marketing strategies tailored to a diverse consumer base, and a deep understanding of both emerging and established beauty channels.
Transition and Support – Freda will work closely with de La Faverie over the coming months
Fabrizio Freda’s retirement marks the end of an era for The Estée Lauder Companies, during which he successfully navigated the brand through substantial industry changes. In a supportive move, Freda will work closely with de La Faverie over the coming months to ensure a smooth transition and to share insights that could bolster de La Faverie’s strategic vision.
William P. Lauder, who will step down as Executive Chairman but continue as Chair of the Board, expressed his confidence in de La Faverie’s leadership capabilities. He highlighted de La Faverie’s operational expertise and strategic vision, which are crucial as the company addresses ongoing challenges and seeks new growth opportunities.
Create unforgettable experiences for consumers while leveraging ground-breaking technologies and engaging marketing initiatives – Strategic Vision Ahead
Stéphane de La Faverie has communicated an ambitious vision for The Estée Lauder Companies, focusing on revitalising growth through innovative product offerings and strategic marketing. His appointment is expected to usher in a new phase characterised by a customer-centric approach and a commitment to excellence, continuously drawing on the company’s rich heritage and reputation.
The beauty landscape is increasingly competitive and dynamic. De La Faverie’s experience, particularly in enhancing fragrance portfolios, demonstrates his competency in navigating market shifts. He aims to create unforgettable experiences for consumers while leveraging ground-breaking technologies and engaging marketing initiatives.
Charlene Barshefsky, the Presiding Director of the Board of Directors, noted that de La Faverie’s clear understanding of both internal and external market factors will be key in directing the company towards sustainable growth and bolstering shareholder value.
Emphasising Innovation, Creativity and Excellence
De La Faverie has placed significant emphasis on innovation and creativity as essential components for rejuvenating the brand’s appeal. His global vision incorporates strategies that prioritise both consumer engagement and advanced technological integration into product development and marketing.
The commitment to quality and excellence — foundational qualities established by Estée Lauder herself — remains integral. Under de La Faverie’s leadership, the emphasis will be on creating premium products that resonate with consumers across generations, from millennials to Gen Z. This multifaceted approach reflects an understanding of diverse consumer needs and preferences in today’s global marketplace.
[Text:epcnews/Photo: Estée Lauder Companies]
