Estée Lauder CEO Fabrizio Freda to Retire

Fabrizio Freda, the longstanding CEO of Estée Lauder Companies, has announced his intention to retire at the end of fiscal year 2025 after over 16 years at the helm. The Board of Directors is actively engaged in the CEO succession planning process, evaluating both internal and external candidates. Until a successor is appointed, Freda will continue to oversee the company's strategic initiatives, including the Profit Recovery and Growth Plan aimed at enhancing profitability. Executive Chairman William P. Lauder expressed gratitude for Freda's transformative leadership and deep understanding of the company's heritage. Freda emphasized his pride in the company's accomplishments and his commitment to facilitating a smooth transition for future leadership. Estée Lauder's stock saw a modest increase following the announcement, reflecting investor confidence amidst ongoing restructuring efforts.