Estée Lauder Companies Inc. has announced a major leadership transition as Stephane de La Faverie is set to become the new Chief Executive Officer, taking over from Fabrizio Freda, who is stepping down after a distinguished 16-year tenure. This change marks a significant moment for the beauty and cosmetics giant, as it navigates an evolving market landscape and prepares for future expansion.
Currently serving as Executive Group President, de La Faverie has been with Estée Lauder since 2016 and has played a pivotal role in overseeing and growing many of its iconic brands, including Estée Lauder, Aerin, Origins, and Jo Malone London. Known for his strategic vision and deep industry knowledge, de La Faverie has been instrumental in driving the company’s global brand portfolio and enhancing its digital and sustainability initiatives. His promotion to CEO signals the board’s confidence in his ability to guide Estée Lauder through both ongoing challenges and emerging opportunities.
The transition will officially take place at the beginning of 2025, with Freda continuing to work alongside de La Faverie for a few months to ensure a seamless handover of responsibilities. The succession plan has been carefully developed through consultations between the board of directors and members of the Lauder family, who remain deeply involved in the company’s governance. The decision reflects a strategic approach to leadership continuity and a commitment to maintaining the values and vision that have defined the company since its founding.
Fabrizio Freda leaves behind a legacy of significant achievements, having transformed Estée Lauder into a more diversified and digitally enabled organization. Under his leadership, the company expanded its global footprint, strengthened its brand offerings, and consistently delivered shareholder value. His departure comes at a time when the beauty industry is experiencing shifts in consumer preferences, increased competition, and broader economic uncertainties.
As the incoming CEO, de La Faverie is expected to focus on accelerating innovation, enhancing customer experience, and expanding into new markets. His appointment has been met with positive reactions from industry analysts and company stakeholders, who see this as a move poised to build on Estée Lauder’s strong foundation.
This leadership change represents both a nod to the company’s rich heritage and a forward-looking strategy aimed at sustaining growth and relevance in a dynamic global market. With de La Faverie at the helm, Estée Lauder is poised to write a new chapter in its storied history.
