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His appointment is effective November 1.
The Estée Lauder Companies Inc. has named Akhil Shrivastava executive vice president and chief financial officer.
He succeeds Tracey T. Travis, who will retire next year. Shrivastava will report to William P. Lauder, executive chairman, and Fabrizio Freda, president and CEO, consistent with the reporting structure for Travis.
Shrivastava will assume his new role effective Nov. 1; Travis will remain at the company until her retirement on June 30, 2025 to support a seamless transition, officials said.
“With over 25 years of extensive financial and leadership experience, Akhil is an exceptional and capable leader whose financial and strategic expertise and insights have been important in supporting the company over the past several years, and he will be instrumental in driving forward our strategic direction and decisions,” said Freda. “I look forward to partnering with Akhil as we continue to rebuild stronger, more sustainable profitability and sales growth acceleration across the business.”
As CFO, Shrivastava will be responsible for the company’s global finance, accounting, tax, treasury, investor relations and new business development organizations. He will lead ELC’s global finance and strategy organization and will continue to cultivate and strengthen the finance and strategy team.
Since joining ELC in 2015, Shrivastava has held several senior finance roles within the company. He was recently named ELC’s senior vice president, corporate controller, a role that oversees corporate accounting and financial planning and analysis, the international and online finance organizations, pricing and value chain finance, serving on both the finance and strategy leadership team and executive leadership team.
He also oversees the operational excellence pillar as part of the profit recovery and growth plan focused on driving strong inventory, cash, and cost improvements for the company. Prior to his current role, he was senior vice president, treasurer, where he was responsible for core Treasury functions, the enterprise risk program, real estate and oversight of the company’s retirement funds.
Shrivastava will serve as a member of several of ELC’s senior management leadership groups including the executive leadership team, investment development committee, fiduciary investment committee and corporate risk management committee.
Before joining The Estée Lauder Companies, Shrivastava spent 18 years at Procter & Gamble, where he served in several finance and leadership roles across Asia, North America, and the global businesses, including finance director for Gillette, North America.
Shrivastava is a graduate of Engineering College in Rewa, India and has a master’s degree in finance and control from Delhi University.
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