NEW YORK -- (BUSINESS WIRE) --
Executive Chairman William P. Lauder and President and Chief Executive Officer Fabrizio Freda of The Estée Lauder Companies Inc. (NYSE:EL) today announced that Jane Lauder and Peter Lichtenthal will each assume additional responsibilities as part of the Company's strategic organizational redesign announced on Thursday, November 15, 2012. The continuing organizational evolution reflects a move to keep pace with the Company's outstanding global growth since 2009. These appointments become effective January 1, 2013.
Fabrizio Freda stated, "We are a dynamic organization, evolving as the skills of our Company grow. Jane and Peter are exceptional global brand leaders who consistently maximize opportunities across regions and channels to deliver outstanding results. The additional responsibilities we are announcing for our leaders celebrate their strengths and, at the same time, provide them growth opportunities that make our business exciting."
Jane Lauder, Global President and General Manager of the Origins and Ojon brands, will now add Darphin to her brand leadership responsibilities. This evolution recognizes both her strategic and operational strengths, as well as Ms. Lauder's proven track record in developing certain of the Company's turnaround brands. Ms. Lauder will continue to report to Lynne Greene, who takes on her new role as Group President of Clinique, Origins, Ojon, Aveda and Darphin on January 1, 2013. Ms. Greene will remain President of the Clinique brand.
"Jane is intelligent, focused, tenacious and determined to lead her teams to success. She has done a brilliant job with her brands, especially with Origins around the world. We are proud she will take on this new responsibility," said Lynne Greene.
Recognizing his achievements as President of trend-setting professional hair care brand Bumble and bumble, and his previous experience in senior marketing roles within the Estée Lauder brand and M.A.C Cosmetics, Peter Lichtenthal will now also oversee Smashbox. At Smashbox, Mr. Lichtenthal will drive integration, further linking the brand with the Company's global marketing and commercial capabilities. Mr. Lichtenthal will now report to John Demsey, Group President of Estée Lauder, M•A•C, Tom Ford Beauty, Prescriptives, Bobbi Brown, La Mer, Jo Malone and Smashbox. Mr. Demsey will add Bumble and bumble to his responsibilities on January 1, 2013.
"Peter Lichtenthal has over 20 years' brand-building experience with The Estée Lauder Companies. His recent direction of Bumble and bumble has taken the brand to new horizons in fashion, innovation and specialty retailing. Peter will be an excellent addition to the Smashbox leadership team, advancing the strategic development of this growing brand," said John Demsey.
Of the continued organizational evolution, William Lauder stated, "We have always said that our greatest asset is our people. Both Jane and Peter possess the outstanding strengths and leadership skills that define us as a brand-led, strategic organization that is creativity-driven and consumer-inspired. We benefit from the growth of our leaders as we grow our Company and our exceptional brands globally, leveraging the strengths and synergies that drive our success."
The forward looking statements contained in this press release, such as those in the remarks by Mr. Lauder, Mr. Freda, Ms. Greene and Mr. Demsey are subject to risks and uncertainties. Factors that could cause actual results to differ from those we expect, such as competition, changes in the beauty industry and the risks of doing business abroad, are set forth in our Annual Report on Form 10-K for the year ended June 20, 2012, and our Quarterly Report on form 10-Q for the quarter ended September 30, 2012.
The Estée Lauder Companies Inc. is one of the world's leading manufacturers and marketers of quality skin care, makeup, fragrance and hair care products. The Company's products are sold in over 150 countries and territories under the following brand names: Estée Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, M•A•C, Bobbi Brown, Tommy Hilfiger, Kiton, La Mer, Donna Karan, Aveda, Jo Malone, Bumble and bumble, Darphin, Michael Kors, American Beauty, Flirt!, GoodSkin Labs, Grassroots Research Labs, Tom Ford, Coach, Ojon, Smashbox, Ermenegildo Zegna, Aerin Beauty and Osiao.
An electronic version of this release can be found at the Company's website, www.elcompanies.com.
Estée Lauder Companies Inc.
Alexandra Trower, 212-572-4430
Dennis D'Andrea, 212-572-4384