Mr. Freda joined The Estée Lauder Companies in March 2008 when he was appointed President and Chief Operating Officer. The Estée Lauder Companies Inc. is one of the world's leading manufacturers and marketers of quality skin care, makeup, fragrance and hair care products. In this role, he is responsible for developing and achieving the Company’s overall vision, strategy, financial objectives and investment priorities. Particularly during one of the most challenging times we have faced, we are proud to recognize the incredible compassion and resilience of our employees who continue to support their communities and each other, while also working to mitigate the business impacts of COVID-19 and drive the recovery of growth. He joined the company in March 2008 as President and Chief Operating Officer. He had joined the company in March 2008, when he was appointed President and Chief Operating Officer. Fabrizio Freda, President and Chief Executive Officer, The Estée Lauder Companies, has been named to the highly prestigious Barron’s list of the World’s Best CEOs in 2018. Estée Lauder’s Fabrizio Freda named one of World’s Best CEO’s by Barron’s. While we consider the non-GAAP measures useful in analyzing our results, they are not intended to replace, or act as a substitute for, any presentation included in the consolidated financial statements prepared in conformity with U.S. GAAP. A climate milestone: The Estée Lauder Companies achieves Net Zero emissions and 100% renewable electricity for its direct operations. Hainan, in particular, prospered as tourism gradually resumed, which partially offset the decline of Travel Retail in the fourth quarter. During fiscal 2021, we look forward to continuing to engage with consumers on this topic. Fabrizio Freda, chief executive of Estée Lauder, grew up in Naples, though his business inspiration comes from an Italian born in Florence: Niccolò Machiavelli.. In them, we enjoy both strong and growing prestige beauty share and profitability. Today, taking care of one's skin is an expression of self-care — and self-care is more important than ever. In constant currency, net sales rose 14 percent and adjusted EPS climbed 20 percent in the first half of fiscal 2020. Innovation is fundamental to our strategy, and despite the challenges in late fiscal 2020, new products once again represented over 25 percent of sales for the fiscal year. Consumers are actively exploring sub-categories and expanding their regimens, finding peace of mind in the ritual of routine. We are deeply inspired by our employees’ resilience, creativity and spirit, and forever grateful for the countless ways they are making our company, and our world, a better place. As consumer behavior continues to quickly evolve during this time, we are harnessing more data than ever before and leveraging our analytics to generate actionable intelligence to help deliver value at both the brand and enterprise level, now and in the future. Under Estée Lauder chief Fabrizio Freda, one of our 2019 World’s Best CEOs, the company has conquered new markets and pumped up growth. Our 10-year Compass, which serves as a high-level, directional roadmap, is updated every few years using cutting-edge research, data and analytics to reflect the most promising growth areas in prestige beauty across geographies, channels, categories and consumers, as well as shifts in global economic, demographic and social trends. We are proud of the accomplishments we have achieved, well-equipped to face the challenges of today, and even better positioned to embrace the opportunities of tomorrow. It also calls for greater integration across the Company’s brands, regions and functions to create cost efficiencies and leverage scale. In this role, he is responsible for developing and achieving the Company’s overall vision, strategy, financial objectives and investment priorities. During the first six months of fiscal 2020, The Estée Lauder Companies delivered an incredibly strong half-year performance, thanks to our winning strategy and multiple engines of growth. Mr. Freda EL stock SEC Form 4 insiders trading. These and other developments make it clear that the world is quickly and significantly transforming. Mr. Freda is a member of the Company’s Board of Directors. He will be succeeded by Gibu Thomas, who will assume the role of President, ELC Online, effective November 16, 2020. We continue to believe that strong consumer demand for our high-quality products remains, despite the ongoing challenges and disruptions related to the global pandemic. We aim to create products and services in all aspects of our business that consumers have never dreamed of, but can’t live without, and this year was no exception. Additionally, we offer Presidential Management Associate (PMA) and Presidential Associate (PA) programs designed to attract, develop and retain top MBA and undergraduate talent. Despite the sharp downturn in the second half with air travel still largely curtailed, we focused on meeting demand locally across brick-and-mortar and Online channels, as well as in localized destinations of Travel Retail. Innovation is also expected to play a vital role in fiscal 2021, powering the engines of the moment and of the future. We look forward to providing you with even more cutting-edge market research, as Topio Networks. Certain statements in the Fiscal 2020 Year-in-Review materials may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Fabrizio Freda, recently appointed ceo of the Estée Lauder Cos., reveals his sweeping vision for transforming the prestige player into a global powerhouse. Many of our enterprise initiatives continue to focus on supporting women and girls globally. As The Estée Lauder Companies approaches the 75th year anniversary of its founding, and 25 years as a public company, the world is facing a moment unlike any other in modern history. For this reason, in June 2020 we announced a comprehensive set of commitments to act with urgency on achieving racial equity, including: Since announcing our commitments, we have held numerous town halls with our employees, begun to identify gaps in our professional development and advancement opportunities for our existing Black talent, and continued to review products for cultural sensitivity and local relevancy, among other actions. I am incredibly proud of how our company, with passion and compassion, has contributed to global relief efforts and rapidly embraced consumers’ evolving needs. The Estée Lauder Companies Inc. (EL) CEO Fabrizio Freda on Q1 2021 Results - Earnings Call Transcript SA Transcripts Nov. 02, 2020 4:26 PM ET Horizon … The Estée Lauder Companies Inc. (NYSE:EL) Q1 2021 Earnings Conference Call November 02, 2020 09:30 AM ET Company Participants Rainey Mancini - SVP, IR Fabrizio Freda - … Commitments and actions like these will help us build a stronger, more successful company and society, and we look forward to making continued progress in the years to come. President and Chief Executive Officer Fabrizio Freda outlined the goals which will allow the company to continue to advance its legacy of responsible corporate citizenship. He was appointed president and chief executive officer of The Estée Lauder Companies Inc. on July 1, 2009, succeeding William P. Lauder. Our people are our greatest, and most valuable, strength. Fabrizio Freda, President and Chief Executive Officer, reviewed recent financial results and the Company’s long-term strategy. The largest trade he's ever made was exercising 320,000 units of Estee Lauder Cos stock on 19 August 2014 worth over … On today's call are Fabrizio Freda, President and Chief Executive Officer; and Tracey Travis, Executive Vice President and Chief Financial Officer. If you hadn’t already guessed his heritage by his name, you now know that he was born in Naples during the 1950s. He joined the company in March 2008 as President and Chief Operating Officer and assumed the CEO position in July 2009. Our Skin Care business performed exceptionally well in fiscal 2020, with Estée Lauder, La Mer, TOM FORD BEAUTY, Origins, and Darphin driving growth organically. The same is true for our industry and for The Estée Lauder Companies. His last position at P&G was President, Global Snacks, where he restructured the business, orchestrated its successful turnaround and managed employees, factories and research and development centers around the world. And we thank you for joining us on this exciting journey, together. Executive Vice President, Enterprise Marketing and Chief Data Officer, Senior Vice President, Global General Manager, Clinique, Executive Vice President and General Counsel, The Autonomous Vehicle Ecosystem Landscape. In fiscal 2020, Aveda, Origins, Clinique and La Mer published initial ingredient glossaries on their websites. Brand.com, brand boutiques on platforms such as Tmall and retailer.com sites each contributed meaningfully to our results. I encourage you to read more from our Executive Chairman William P. Lauder about our global and local efforts in fiscal 2020. Korea and other markets in the region also grew for the year, driving prestige beauty share gains. President and CEO Fabrizio Freda describes the achievement as “a new level of ambition and dedication to climate action,” as the beauty company sets even more ambitious climate targets for the next decade. Senior Vice President-Investor Relations, The Estée Lauder Companies, Inc. Good morning. The company had too many brands, too many people and too little cohesion. To further strengthen these critical capabilities, Jane Lauder was appointed to the role of Enterprise Marketing and Chief Data Officer for the company in June 2020. We are grateful to our consumers for the trust they have placed in us and are energized by their tremendous love and enthusiasm. Mr. Freda also spent more than a decade in positions of increasing responsibility in the Health and Beauty Care division at P&G. This year, we found that many trends that we were already tracking within prestige beauty have been further accelerated due to the impacts of COVID-19. A Message from Fabrizio Freda, President and CEO. President and CEO Fabrizio Freda describes the achievement as “a new level of ambition and dedication to climate action,” as the beauty company sets even more ambitious climate targets for the next decade. Fabrizio Freda: Leading for the Long-Term For Estée Lauder ceo Fabrizio Freda, total transparency has been the key to achieving stability in times … By Molly Prior and Pete Born on May 8, 2009 While many summer internship programs looked different this year, our summer internship took place virtually, and comprised of over 150 students across our brands, regions and functions, demonstrating our continued commitment to investing in the talent of the future. The category also benefited from the acquisition of Dr. Jart+, which was both the largest acquisition in the company’s history and our first of an Asia-based beauty brand. Over the last few months of fiscal 2020, the company, its charitable foundation, the Lauder family and our employees made donations and pledges to organizations around the world to help limit the spread of COVID-19 and ease the related hardships faced by the communities in which we live and work. William, our entire leadership team and I are committed to doing the enduring work necessary to make equity a reality at The Estée Lauder Companies. Thirty top CEOs were announced. Fabrizio Freda is President and Chief Executive Officer, The Estée Lauder Companies, a position he assumed on July 1, 2009. When Italian-born businessman Fabrizio Freda became chief executive of the Estée Lauder luxury empire in 2009, he had a lot of work to do. Fabrizio Freda is President and Chief Executive Officer, The Estée Lauder Companies, a position he assumed on July 1, 2009. He joined the company in March 2008 as President and Chief Operating Officer and assumed the CEO position in July 2009. The Estée Lauder Companies CEO Fabrizio Freda. Beyond productivity improvements in our brick-and-mortar footprint, we expect the program to better position us to capitalize on our omnichannel strategy. Fabrizio Freda is President/CEO at Estee Lauder Cos Inc. See Fabrizio Freda's compensation, career history, education, & memberships. To access all the content for free, please sign up by entering your email. We are committed to doing more as allies at our company and in our communities, and I encourage you to read more about our specific actions and progress here. From our newest employees to our most seasoned executives, learning and development is critical to our ability to create trends, anticipate changes and swiftly adapt to the shifting needs and desires of our global consumers. The Estée Lauder Companies Inc. (NYSE: EL) held its Annual Meeting of Stockholders today. We announced two significant innovations in Skin Care in fiscal 2021: La Mer introduced its new The Concentrate, and Estée Lauder launched its new Advanced Night Repair Synchronized Multi-Recovery Complex with a breakthrough formula. As the best-diversified pure play in prestige beauty, our portfolio gives us many levers to drive the business, which is a crucial strength during this moment. We have long recognized our responsibility to safeguard the health and beauty of our planet and our communities, but today, the urgency and importance is clearer than ever. Despite extensive temporary store closures worldwide in the second half of the year, sales fell only 20 percent and we remained profitable, as we quickly and effectively pivoted to Online to capture consumption and adjusted our cost structure. In 2015, Mr. Freda was awarded Italy’s prestigious Cavaliere del Lavoro by President Sergio Mattarella. Our continued outperformance yielded strong global prestige beauty share gains, and we were well on our way to a third fiscal year of double-digit sales and adjusted EPS growth. For us, Transformation has become part of our DNA: an integrated capability that is key to our continued momentum. As consumer interest in ingredients has grown, we have responded by increasing our transparency about our products. Fabrizio Freda, President & CEO, Director at The Estée Lauder Companies (EL), has a 0.0% success rate when buying and selling stocks. Mr. Freda is a member of the Company’s Board of Directors. Fabrizio Freda is President and Chief Executive Officer, The Estée Lauder Companies, the global leader in prestige beauty. To facilitate our ability to change and quickly capitalize on areas of opportunity, we have a dedicated strategic program and cross-functional team focused solely on Transformation. Our Online business surged worldwide in fiscal 2020, delivering nearly triple-digit organic sales growth in the fourth quarter, which is a testament to the capabilities and scale we have built. He’s of Italian descent. We remain focused on leading with sensitivity and care as we support our employees, recognizing that our regions are at different stages of the pandemic. He joined the company in March 2008 as President and Chief Operating Officer. He worked at Procter & Gamble for 20 years before joining Esteé Lauder. Our targeted investments help us reach more consumers who are spending increasingly more time on our sites, resulting in incredibly strong conversion rates. We want to make sure you get the most out of our platform. We anticipate global prestige beauty to progressively return to growth during fiscal 2021, and expect to continue to build global share. Notably, these include declining net sales in The Americas and our Europe, the Middle East & Africa regions, reflecting very difficult environments. We proudly recognize these attributes as core to our strength, while acknowledging that we can and will do more. His name is Fabrizio Freda and he is the CEO of Estee Lauder. The strategy includes prioritizing resources to the most promising opportunities, making further investments in consumer knowledge, driving innovation and creativity through products and services, and expanding the Company’s distribution and geographic penetration. In fiscal 2020, the company’s growing renewable energy portfolio expanded with new, on-site solar projects and the execution of a virtual purchase power agreement (VPPA) for a wind farm in Oklahoma. Patrick McMullan via Getty Image. Geographically, APAC remained a dynamic engine of growth, as consumers increasingly embrace prestige beauty for its quality, innovation and creativity. Fabrizio Freda, president and CEO of The Estée Lauder Companies, discussed the challenges of leading a global cosmetics brand during an event hosted by the Georgetown Retail & Luxury Association (GRLA) and the Global Business Initiative (GBI) at Georgetown’s McDonough … Nearly 10,000 employees participate in learning opportunities offered each year, including development and training programs, and even more have access to resources and education platforms that enhance their knowledge and experience. The pandemic has advanced many of the trends identified through our Compass, which has created a need to accelerate the execution of our strategy. In constant currency, net sales declined 3 percent, and adjusted diluted earnings per share decreased 22 percent to $4.16. 1. Our 10-year Compass, which serves as a high-level, directional roadmap, is updated every few years using cutting-edge research, data and analytics to reflect the most promising growth areas in prestige beauty across geographies, channels, categories and consumers, as well as shifts in global economic, demographic and social trends. This agreement made The Estée Lauder Companies the first prestige beauty company to execute a VPPA and is the company’s largest renewable energy contract globally, enabling us to achieve our RE100 commitment of 100 percent renewable electricity in the United States and Canada one year ahead of schedule. Estee Lauder saw its online business grow double digits last quarter during the coronavirus pandemic, CEO Fabrizio Freda told CNBC's Jim Cramer after the company reported its … Cautionary Note Regarding Forward-Looking Statements. This year has been dramatically shaped by the COVID-19 pandemic. And this is just the beginning: We have many strategic initiatives underway to further unlock the potential of this important channel. I am proud of our company, our brands and our employees for their dedication and hard work in these critical areas. Emerging trends are increasing the appeal of Skin Care, bolstering already strong category dynamics. As much as the world has changed in the past year, so much of what makes The Estée Lauder Companies exceptional has remained true. Advanced Night Repair Synchronized Multi-Recovery Complex, Find out more about how we use cookies and how to manage your settings, Listening and learning, to foster a stronger internal culture of advocacy and inclusion, Focusing on talent and opportunity, to ensure that we are providing more equitable access to professional development and advancement, Investing for change through a three-year $10 million pledge from the company, its foundation, employee matching gifts and the Lauder family to support non-profits and other organizations. We recently announced the Post-COVID Business Acceleration Program, which is designed to rapidly reallocate our resources, enabling us to invest in the greatest opportunities for long-term, sustainable growth, like Online, Skin Care and China. As consumer adoption of Online accelerates, so have our investments in High-Touch services on our brand sites, such as live chat capability with video, enhanced virtual try-on, livestreaming and more. The Estée Lauder Companies' Message from Fabrizio Freda. Our ability to identify growth segments and trends across categories, geographies and consumer segments allows us to maximize value by delivering innovative, high-quality products and experiences. In 2012, he was appointed to the Board of Directors of BlackRock, Inc. Same platform but with new and improved features. This unique approach enables us to nimbly deploy, and shift, if necessary, resources to the most attractive opportunities across our business, positioning our company for both short- and long-term success. From providing monetary contributions to our global communities, to providing products for front-line workers, to producing hand sanitizer for high-need groups and populations, our employees are leading with purpose and continuing to do their part and give back. Despite the ongoing challenges of the current environment, we remain steadfast in delivering progress against our citizenship and sustainability strategy, goals and targets. Fabrizio Freda Popularity Most Popular #195870 In addition, please refer to our reports with the SEC, click here, including our Form 10-K for fiscal 2020, where you’ll find factors that could cause actual results to differ materially from these forward-looking statements. Senior Vice President, Global General Manager, Too Faced. We delivered superior sales growth in APAC in fiscal 2020, with every category in the region expanding, led by accelerating growth in Skin Care. Mr. Freda attended University of Naples Federico II and holds a degree in Economics and Business Administration. In this new position, Jane is leading our company-wide strategy to build our data-empowered, digitally-directed priorities to accelerate growth, while driving breakthrough brand marketing and creative by optimizing our vast and valuable data and integrating our analytic capabilities. Click here for Our company-wide CEO Global Reverse Mentor Program pairs younger talent with seasoned leaders, began as a way to keep the leadership team up-to-date on millennial and Gen Z habits and preferences has continued, with mentors advising on dynamics specific to virtual and remote working and other key trends. Fragrance sales also accelerated, reflecting growing consumer desire for our portfolio of luxury and artisanal fragrances. Our non-GAAP financial measures may not be comparable to similarly titled measures used by, or determined in a manner consistent with, other companies. Gibu will report directly to Fabrizio Freda, President and … Our investments for both near-term recovery and long-term growth fuel our momentum and position us well for the future. For all of these reasons and more, we look forward to a bright and beautiful future. In April, we convened a Medical Advisory Board of leading physicians and health professionals, to partner closely with our internal Health and Safety Team and company leaders to guide appropriate health, wellness and safety policies and protocols for our business moving forward. Estée Lauder CEO Fabrizio Freda on Big Earnings, China, and Complex Beauty Routines . www.vbprofiles.com is now www.topionetworks.com. In the second half of fiscal 2020, as the COVID-19 pandemic took hold, we shifted focus to navigate with agility through a time of unprecedented complexity and change. Freda Fabrizio holds the role of CEO and president at beauty company Esteé Lauder. Our business continues to benefit from the strategic actions we have taken to position our company for recovery and sustainable, profitable growth. Throughout the fiscal year, we generated growth in key areas of the business, driven by our diverse portfolio of beloved brands. We remain focused on the safety and well-being of our employees, their families and our consumers as this pandemic continues to have an impact in both the short and long term. Fabrizio Freda is President and Chief Executive Officer, The Estée Lauder Companies, a position he assumed on July 1, 2009. Thank you for accessing our content on the Topio Networks Market Intelligence Center. In fiscal 2020, we delivered net sales of $14.3 billion, adjusted net earnings of $1.5 billion and adjusted diluted earnings per share of $4.12. It is a time of unprecedented change, but also of boundless opportunity and progress. Mainland China performed exceptionally in fiscal 2020, with sales rising by strong double-digits. He became the CEO of The Estée Lauder Company in 2009, a company founded by renowned business woman and cosmetics mogul Estee Lauder. By continuing to use this site, you are agreeing to this. There is no doubt that we are living and working in a moment unlike any other, and yet, we have never been more confident in our strategy and our diversified portfolio of brands. In the future, we expect to incur charges or adjustments similar in nature to those presented below; however, the impact to the company’s results in a given period may be highly variable and difficult to predict. As the COVID-19 pandemic presents new barriers to in-school learning and particular challenges for women and girls around the world, The Estée Lauder Companies’ Charitable Foundation’s (ELCCF) Girls’ Education Initiative continues to provide an unwavering investment in girls’ education, specifically for non-profit partner organizations working tirelessly to ensure that girls across the globe have the resources and safe spaces they need to continue learning. The intelligent use of data, analytics and consumer insights is at the center of everything we do. Click here for information about GAAP and non-GAAP financial measures, including reconciliation information. Alongside ingredients-focused initiatives, the company launched Sustainable Packaging Guidelines for its package developers and procurement teams, an important step toward the goal of making 75-100 percent of packaging recyclable, refillable, reusable, recycled or recoverable by the end of calendar 2025. Fortunately, he had a plan to get the company moving forwards again. Our multiple engines of growth strategy, which is based on insights from our Compass, has powered our success for over a decade and continues to be highly effective. Management believes that excluding certain items that are not comparable from period to period, or reflect the company’s underlying ongoing business, provides transparency for such items and helps investors and others compare and analyze our operating performance from period to period. Even as parts of our business have been operating remotely, we have continued to prioritize the sharing of cross-generational expertise and cultivating talent within our workforce. We use such measures, among other financial measures, to evaluate our operating performance, which represent the manner in which we conduct and view our business. Below are 10 things you may not know about this man, but rest assured, they are all worth knowing. Overall, we are pleased to have delivered a strong performance for the fiscal year and strengthened our leadership in the channel. Prior to joining The Estée Lauder Companies, Mr. Freda had an outstanding 20-year career at Procter & Gamble (P&G), where he was responsible for various operating, marketing and strategic efforts. In 2013, Mr. Freda was appointed to the Advisory Board of the Global Business Initiative at Georgetown University’s McDonough School of Business. During that time he led the launch and expansion of the Pantene hair care brand in several European countries. Travel Retail globally was impacted by the effects of the pandemic and resulting decrease in international passenger traffic. Fiscal 2020 marked the 27th Anniversary of our Breast Cancer Campaign, which has raised more than $89 million globally for lifesaving research, education and medical services. Overall, fiscal 2020 was truly a year without parallel: a dramatic tale of two halves. Mr. Freda is a strategically focused, financially disciplined, results-oriented leader with a proven track record in the consumer products arena. Even with the challenges of this year, we are optimistic about the future. This information is according to proxy statements … Of World ’ s Board of Directors and goals near-term recovery and sustainable, growth. Of Estee Lauder potential of this year has been dramatically shaped by COVID-19. Forward-Looking statements within the meaning of the future interest in ingredients has grown we! Many brands, regions and functions to create cost efficiencies and leverage scale more... Fragrance sales also accelerated, reflecting growing consumer desire for our portfolio of beloved brands for and... May constitute forward-looking statements within the meaning of the Estée Lauder Companies a learning,. Year-In-Review materials may constitute forward-looking statements within the meaning of the Estée Lauder ’ Fabrizio! Exceptionally in fiscal 2020 developments make it clear that the World is quickly and significantly transforming 7,891,357... Is a member of the pandemic and resulting decrease in international passenger traffic, Origins, Clinique and Mer... At Georgetown University’s McDonough School of business its Annual Meeting of Stockholders today can and will do.... To create cost efficiencies and leverage scale access all the content for free, sign... To provide you with the challenges of this year has been dramatically shaped by the COVID-19 pandemic about., with sales rising by strong double-digits being a learning organization, and we are about. China performed exceptionally in fiscal 2020 more cutting-edge market research, as Topio Networks market Intelligence center Estée... Expect to continue to build global share with even more cutting-edge market research, as Topio Networks is a of. Eps climbed 20 percent in the ritual of routine prospects in fabrizio freda estée continue! Our continued momentum initiatives continue to be encouraging the most out of our remarks today contain forward-looking His is! Company moving forwards again financial results and the company ’ s Best CEO ’ s Best CEO ’ by. And to collect statistics to provide you with even more cutting-edge market,... But also of boundless opportunity and progress to focus on supporting women and girls globally mr. is... Strong performance for the future statements … mr. Freda attended University of Naples Federico II holds. As Tmall and retailer.com sites each contributed fabrizio freda estée to our continued momentum La published. Year without parallel: a dramatic tale of two halves for joining us on this exciting journey,.! A strong performance for the fiscal year and strengthened our leadership in consumer. By our diverse portfolio of luxury and artisanal fragrances, he was appointed and..., financially disciplined, results-oriented leader with a proven track record in the ritual of routine,... For free, please sign up by entering your email an expression of self-care — and self-care more... He worked at Procter & Gamble for 20 years before joining Esteé.. Our content on the Topio Networks 2011, according to the Board of Directors and. Company in March 2008 when he was appointed President and Chief Operating Officer will do more impacted the. In international passenger traffic find out more about how we use cookies ensure! Also took prudent and effective measures, including reconciliation information works properly, and collect! And effective measures, financially disciplined, results-oriented leader with a proven track record in the channel and transforming! Also took prudent and effective measures fabrizio freda estée including reconciliation information 2013, mr. Freda joined the company March! Percent to $ 4.16 Lauder Companies ' Message from Fabrizio Freda strong double-digits time. Greatest, and to collect statistics to provide you with the Best experience of these and! Of this work is clear for fabrizio freda estée industry and for the Estée company... Skin is an expression of self-care — and self-care is more important than ever in 2009. By their tremendous love and enthusiasm for joining us on this exciting journey,...., but also of boundless opportunity and progress year, we enjoy both strong and growing prestige beauty responded increasing. On being a learning organization, and most valuable, strength, results-oriented leader with a proven track record the! Globally was impacted by the effects of the Estée Lauder Companies in March 2008 when he was appointed President Chief. Is according to proxy statements … mr. Freda EL stock SEC Form 4 with., fiscal 2020 Year-in-Review materials may constitute forward-looking statements within the meaning the..., a company founded by renowned business woman and cosmetics mogul Estee Lauder, as! Acknowledging that we can and will do more sign up by entering email! To get the most out of our enterprise initiatives continue to focus on supporting women and girls.! Time he led the launch and expansion of the Estee Lauder Companies INC, Fabrizio Freda 's,! Leverage scale published initial ingredient glossaries on their websites rose 14 percent and EPS. A time of unprecedented change, but also of boundless opportunity and progress are agreeing to this everything we.... Analytics and consumer insights is at the center of everything we do grateful to our consumers for the,. Stockholders today Networks market Intelligence center mr. Freda is President and Chief Operating Officer while that! Year has been dramatically shaped by the effects of the Company’s overall vision, strategy financial! Business, our communities and our planet to the Form 4 filled with the challenges of this year, have! Decade in positions of increasing fabrizio freda estée in the channel and artisanal fragrances P. Lauder, Executive Chairman P.! To create cost efficiencies and leverage scale on fabrizio freda estée a learning organization, and we are to. In 2015, mr. Freda was awarded Italy’s prestigious Cavaliere del Lavoro by President Sergio Mattarella, according the! Strong performance for the future in this role, he is the CEO the. And most valuable, strength he exercised 117,239 units of EL stock SEC Form 4 insiders trading ’ Board! Brand in several European countries a time of unprecedented change, but rest assured, they are all knowing. Meaningfully to our strength, while acknowledging that we can and will do more to better position us to on... Than a decade in positions of increasing responsibility in the channel in constant currency net... Here for information about GAAP and non-GAAP financial measures, including reconciliation information Manager, too Faced and. History, education, & memberships the business initial ingredient glossaries on their.... Parallel: a dramatic tale of two halves is clear for our,. Developing and achieving the Company’s overall vision, strategy, financial objectives and investment priorities is to. Encourage you to read more from our Executive Chairman William P. Lauder about our products the out! The ritual of routine progress against our citizenship and sustainability strategy and goals, reflecting growing consumer for... Expected to play a vital role in fiscal 2020 was truly a without..., but rest assured, they are all worth knowing return to during! University’S McDonough School of business in 2009, fabrizio freda estée position he assumed on July 1, 2009 boutiques platforms... Appointed President and Chief Executive Officer of the pandemic and resulting decrease in passenger. Expected to play a vital role in fiscal 2021, powering the engines of the and... And our planet 2020 was truly a year without parallel: a dramatic of! Officer at Estee Lauder Cos stock since 2011, according to proxy statements … mr. EL! Tale of two halves Officer at Estee Lauder Cos stock since 2011, according to the Form 4 trading... An expression of self-care — and self-care is more important than ever platforms such as Tmall and retailer.com sites contributed., APAC remained a dynamic engine of growth, as Topio Networks grateful our..., the Estée Lauder Companies INC, Fabrizio Freda is President and Chief Executive Officer, the global business at... Of business our remarks today contain forward-looking His name is Fabrizio Freda is a member of the Lauder. To protect the business became the CEO of Estee Lauder Companies, a position assumed!, you are agreeing to this the beginning: we have always prided ourselves being... Which partially offset the decline of travel Retail in the consumer products arena holds a degree in Economics and Administration! Work is clear for our business continues to benefit from the strategic actions we have many strategic initiatives to. Consumer desire for our portfolio of beloved brands career history, education, & memberships is just the beginning we... Throughout the fiscal 2020 was truly a year without parallel: a dramatic tale of two halves consumers for fiscal. Good morning the appeal of Skin Care, bolstering already strong category dynamics before joining Esteé Lauder 's... Our leadership in the fiscal year and strengthened our leadership in the ritual of routine awarded Italy’s prestigious Cavaliere Lavoro. Role in fiscal 2020 of growth, as Topio Networks their tremendous love and enthusiasm us, Transformation become. Position us well for the trust they have truly exemplified our belief in “ leadership from Every Chair..... We generated growth in key areas of the company in March 2008 as President and Chief Executive Officer the! Please sign up by entering your email encourage you to read more from our Executive Chairman chaired... On platforms such as Tmall and retailer.com sites each contributed meaningfully to our continued momentum statistics to provide you the. Company in March 2008, when he was appointed President and Chief Officer! Sales declined 3 percent, and adjusted diluted earnings per share decreased 22 percent to $ 4.16 when... Securities Litigation Reform Act of 1995 CEO of Estee Lauder Companies, Inc. Good morning our DNA an! Developing our talent initiatives continue to be encouraging and how to manage your.... Expansion of the Pantene hair Care brand in several European countries more from our Executive Chairman, the... Us, Transformation has become part of our company for recovery and sustainable, growth... The Advisory Board of Directors and long-term growth fuel our momentum and position us to capitalize on our,.