Estée Lauder exec exits following wider leadership shakeup
Shana Randhava is exiting as Senior Vice President of New Incubation Ventures at The Estée Lauder Companies, after a 10 year career at the beauty giant.
Randhava first joined Estée Lauder as Executive Director of New Business Development in December 2014 and was later promoted to Vice President of the division in 2017.
She was appointed as Senior Vice President of New Incubation Ventures in July 2020, tasked with overseeing the creation of the group and focusing on early-stage investments in beauty brands and innovations.
During this time, she has worked on various deals including the acquisition of Kilian Paris and strategic investments in brands including British business Haeckels, as well as Kiki World, Melt Season and Code Mint.
Randhava was also behind the investment in Vyrao, the British fragrance brand founded by Yasmin Sewell in 2021.
In a letter addressed to friends and colleagues, seen by WWD, Randhava said that after "ten extraordinary years", she has "stepped away to embark on a new chapter".
Randhava said she was grateful for the opportunity to shape the company's global M&A strategy and build New Incubation Ventures into a "platform to discover, scale, and invest in the next generation of beauty innovation".
She also promised to share her upcoming plans soon, adding that her "passion for building visionary brands and driving disruptive innovation remains as strong as ever".
"I'm energised by the next wave of consumer venture. Working alongside visionary founders, investors, and operators has only reinforced my belief that the most transformative opportunities aren’t just identified—they’re catalysed. I’m excited to continue challenging boundaries and building alongside the visionaries shaping what’s next," Randhava said.
The news comes after The Estée Lauder Companies announced a new organisational structure and executive team last month, as it more than doubles job cuts to as many as 7,000 worldwide as part of a cost-saving overhaul.
The US-based company plans to increase job losses from 3,000 to between 5,800 and 7,000 as it braces for tariff increases amid fears of a global trade war sparked by US President Donald Trump.
TheIndustry.beauty has contacted The Estée Lauder Companies for comment.
