Breaking News

Estée Lauder Taps Freda as President, CEO

December 4, 2007

Estée Lauder looked beyond its borders to find new leadership. Last month, the company appointed Fabrizio Freda as president and chief operating officer, effective March 3, 2008. With this move, chief executive officer William P. Lauder has created a succession plan that anticipates Freda becoming CEO within 24 months. Freda was until recently president, global snacks, at Procter & Gamble. At P&G, Mr. Freda led a global business with employees, factories and research and development centers around the world. In his long and successful career at P&G, Freda spent a decade in positions of increasing responsibility in the health and beauty care division. Mr. Freda also directed marketing and strategic planning for Gucci SpA from 1986 to 1988.

At the same time, the company has announced chief operating officer Dan Brestle will be named vice chairman and president, ELC North America. Group president Philip Shearer will also lead the company’s strategy and new business team, focusing on mergers and acquisitions.

Mr. Shearer will also continue to lead the company’s fast-growing Aveda, Origins, Bumble and Bumble and Ojon brands. More info: www.elcompanies.com.
blog comments powered by Disqus
  • Patent Update

    Patent Update

    July 28, 2016
    Three-layered hair product from Lauder, palm oil extracts for wrinkle treatment and more in recently awarded patents.

  • Pushin’ the Cushion

    Pushin’ the Cushion

    Christine Esposito, Associate Editor||July 26, 2016
    AmorePacific, the creator of the cushion compact, continues to improve its unique product.

  • Cozy Makes a Splash

    Cozy Makes a Splash

    Melissa Meisel, Associate Editor||July 25, 2016
    Expands reach in CVS and introduces new collection.

  • Sustainability is Omnipresent

    Sustainability is Omnipresent

    Christine Esposito , Associate Editor||July 1, 2016
    Industry stakeholders convene in New York City for Organic Monitor’s annual event

  • Perceived Perfection

    Perceived Perfection

    Christine Esposito, Associate Editor||July 1, 2016
    From primers to pressed powders, facial cosmetics help create the illusion of a flawless complexion.

  • Preserve & Serve

    Preserve & Serve

    Melissa Meisel , Associate Editor||July 1, 2016
    Suppliers with innovative preservatives provide staying power for formulations.