NEW YORK - Thursday, January 28th 2016 [ME NewsWire]
(BUSINESS
WIRE)-- Today The Estée Lauder Companies Inc. (NYSE:EL) announced three
Executive Leadership Team promotions, effective January 1, 2016:
Stephane de la Faverie has been promoted to Global Brand President,
Origins and Darphin. He will continue to report to Jane Hertzmark Hudis,
Group President, The Estée Lauder Companies.
Beth DiNardo has
been promoted to Global Brand President, Smashbox. She will continue to
report to John Demsey, Executive Group President, The Estée Lauder
Companies.
Daniel Rachmanis has been promoted to President, Latin
America. He will continue to report to Cedric Prouvé, Group President,
International, The Estée Lauder Companies.
“At The Estée Lauder
Companies, we are proud to recognize the growth of our outstanding
leaders and provide them with high-potential opportunities to further
grow their careers and our business,” said Fabrizio Freda, President and
Chief Executive Officer, The Estée Lauder Companies. “Stephane, Beth
and Daniel have been integral in advancing the Company’s strategic
initiatives across fast-growing markets, demographics and categories.
Their well-deserved promotions reflect their diverse talents and strong
abilities to continue leading their areas of business into the future.”
Stephane
de la Faverie previously held the role of Senior Vice President/General
Manager, Origins and Darphin, an appointment he assumed in April 2014.
Mr. de la Faverie is widely recognized for his acumen in channel
diversity, leading innovative retail and digital concepts for Origins
that strategically expanded the brand’s reach with millennial consumers.
Also known as a leader in skin care, Mr. de la Faverie has launched
many coveted franchises and products, such as Origins Original Skin and
Darphin 8-Flower Nectar Oil Cream, with great success. Under Mr. de la
Faverie’s leadership since 2014, Darphin has accelerated and expanded
global distribution and launched a new counter design in Asia/Pacific
markets. Mr. de la Faverie has expanded Origins’ global reach by
accelerating growth in China, opening varied retail models throughout
Southeast Asia, Europe and Latin America, and fueling the
specialty-retail business in North America. Mr. de la Faverie has been
with The Estée Lauder Companies since 2011, when he joined the Company
as Senior Vice President, Global General Manager, Aramis and Designer
Fragrances.
Beth DiNardo was appointed Senior Vice
President/Global General Manager, Smashbox following The Estée Lauder
Companies’ acquisition of the brand in 2010. With Ms. DiNardo at the
helm, Smashbox, the premiere L.A. photo studio-based makeup brand, has
had impressive global growth, and now has a presence in 40 markets
worldwide. Ms. DiNardo has strengthened Smashbox’s core equity with a
focus on hero products, while spearheading new launches, trend
leadership, and significantly growing the color business. Ms. DiNardo is
a leader in merchandising and digital, and along with her team, has led
Smashbox to receive multiple awards in the digital space. Additionally,
Ms. DiNardo re-launched the legendary Smashbox Photo Studios, resulting
in a state-of-the-art renovation and experience that support the
brand’s DNA of creativity, community and collaboration. Before joining
Smashbox, Ms. DiNardo held various global marketing leadership positions
at the Company for brands such as Clinique and Darphin since 1997.
Daniel
Rachmanis has led the Company’s expansion in Latin America since 2009,
when he was named Senior Vice President, General Manger, Latin America
and International Business Development. Mr. Rachmanis’ keen
understanding of the diverse consumer base and retail dynamics has
helped the Company triple sales in Latin America over the last five
years to become the number one prestige beauty company in Latin America.
Under his leadership, the Company’s growth in Latin America has
included a shift to a retail distribution model, the launch of seven new
brands and expansion into more than 30 key second-tier cities across 17
markets. Mr. Rachmanis joined The Estée Lauder Companies in 2007 as
Senior Vice President, International Development/General Manager,
BeautyBank.
“The long-term success of The Estée Lauder Companies
is rooted in great brands and great people,” said William P. Lauder,
Executive Chairman, The Estée Lauder Companies. “Stephane, Beth and
Daniel have each demonstrated exemplary leadership throughout their
respective distinguished careers and reflect the world-class talent and
expertise that drive our Company’s sustainable growth.”
About The Estée Lauder Companies Inc.
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. The Company’s products are sold in over 150 countries and
territories under brand names including: Estée Lauder, Aramis, Clinique,
Prescriptives, Lab Series, Origins, Tommy Hilfiger, M•A•C, Kiton, La
Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London,
Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox,
Ermenegildo Zegna, AERIN, Marni, Tory Burch, RODIN olio lusso, Le Labo,
Editions de Parfums Frédéric Malle and GLAMGLOW.
View this news release online at: http://www.businesswire.com/news/home/20160128005730/en
Contacts
The Estée Lauder Companies Inc.
Media Relations:
Alexandra Trower, (212) 572-4430
or
Investor Relations:
Dennis D’Andrea, (212) 572-4384
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