Estée Lauder confirms Stéphane de La Faverie as new CEO
The Estée Lauder Companies has confirmed the appointment of Stéphane de La Faverie as its new CEO, effective 1 January 2025.
de La Faverie first joined the US-based company in January 2011 as Senior Vice President General Manager ADF Global, working his way up to Executive Group President in 2022.
During this time, he has demonstrated "uncompromising focus on brand excellence and innovation across categories, geographies and channels, as well as an ability to drive profitability with discipline, speed and efficiency".
He has played a particularly instrumental role in enhancing the company’s fragrance portfolio, as well as leading the implementation of its Profit Recovery & Growth Plan.
Prior to Estée Lauder, he held various roles at L'Oréal, most notably General Manager USA for Giorgio Armani Beauty.
William P. Lauder, Executive Chairman at The Estée Lauder Companies, who has announced his intention to step down and will remain Chair of the Board of Directors, said: "Stéphane’s deep-rooted industry and operational expertise, and his collaborative and dynamic approach, make him the ideal CEO to move us forward with speed, and urgency.
"Having worked closely with him for many years, I can attest to Stéphane’s ability to nurture and build powerful prestige brands, while his thorough understanding of and respect for our company’s heritage and culture positions him well for success in this role.
"His strategic vision will position the Company to drive long-term growth in the face of its current challenges, as he deploys transformational new approaches for the future."
The new appointment comes after Fabrizio Freda announced his intention to retire as President and CEO at the end of FY25, after more than 16 years at the business.
Freda first joined The Estée Lauder Companies as President and CEO in 2008, having previously served as President at fellow beauty giant Procter & Gamble for over 20 years.
He continues to oversee the company’s strategic, financial and investment priorities, including its Profit Recovery & Growth Plan, and will partner with de La Faverie to ensure a "smooth transition" and will be available in FY26 as an advisor.