Estée Lauder Companies’ (ELC) President and CEO Fabrizio Freda is to retire at the end of fiscal year 2025. The group did not name a replacement, but says that the board is well advanced in its CEO succession plan, which has considered both internal and external candidates.
Freda will continue to lead until a successor has been named, at which point he will partner with the executive during the transition. Freda will also be available in fiscal year 2026 as an advisor.
Freda has been CEO of ELC for over 16 years. Freda commented: “Together we have transformed the company in beautiful ways; and we have set new standards for excellence. I will continue to be fully focused on the execution of our strategic reset and the Profit Recovery and Growth Plan, as we continue to address the current challenges.”