Current Group President of The Estée Lauder Companies (NYSE:EL) (“ELC”) Cedric Prouvé, will retire in June 2022 after an exceptional career. More key leadership changes at the Estée Lauder Companies are to be effective February 1, 2022:
- Peter Jueptner, currently President, Europe, Middle East, and Africa (EMEA) will succeed Cedric, and will be named President, International, reporting directly to Fabrizio Freda, President and Chief Executive Officer. Peter will be based in New York and will join our Executive Leadership Team Alignment (ELTA), while remaining a member of our Executive Leadership Team (ELT).
- Nadine Graf, currently Vice President, General Manager, EMEA Markets will succeed Peter, and will be named Senior Vice President, General Manager, EMEA, reporting directly to Peter. She will be based in Paris and will join the company’s ELT.
“We are proud of the exceptional depth and quality of internal talent across our organization and ELC remains committed to investing in and growing our talent around the world. As Cedric steps into his well-deserved retirement, we are pleased to elevate Peter and Nadine – two dynamic, internally-trained, and highly experienced leaders into these roles of greater responsibility,” said Fabrizio Freda. “Peter and Nadine each possess extensive first-hand leadership experiences in our regions and affiliates and deep global expertise across all aspects of prestige beauty, making them uniquely qualified to lead our winning International and EMEA businesses, respectively.”
About The Estée Lauder Companies Inc.
The Estée Lauder Companies Inc. is one of the world’s leading manufacturers, marketers and sellers of quality skin care, makeup, fragrance and hair care products. The Company’s products are sold in approximately 150 countries.
Source: MiddleEastFranchise.com
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