Estée Lauder CEO Fabrizio Freda Announces Retirement: A Legacy of Transformation and Growth
In a significant move that marks the end of an era for one of the beauty industry’s titans, Fabrizio Freda, the esteemed President and CEO of the Estée Lauder Companies (ELC), has revealed his plans to step down from his role at the close of fiscal year 2025 in June.
A Seamless Transition and Continued Leadership
Freda’s commitment to ELC’s success remains unwavering during this transition period. He will continue to spearhead the company’s strategic initiatives, financial operations, and investment strategies, with a particular focus on revitalizing profitability and stimulating growth. Once his successor is named, Freda will work closely with the incoming leader to ensure a smooth handover of responsibilities. Furthermore, he will remain available in an advisory capacity throughout fiscal year 2026, demonstrating his dedication to the company’s long-term prosperity.
A Legacy of Transformation and Excellence
William P. Lauder, Executive Chairman, expressed profound gratitude for Freda’s contributions, stating, “On behalf of the entire Board of Directors and the Lauder family, we wish to extend our sincere gratitude to Fabrizio for over sixteen years of devoted service to the Company.” Lauder highlighted Freda’s exceptional partnership with the family and his deep understanding of the unique nature of their family business, praising his ability to leverage the company’s long-term focus and principle of patient capital to drive transformation and meet evolving consumer demands.
From Procter & Gamble to Estée Lauder: A Journey of Leadership
Freda’s journey with ELC began in 2008 when he joined the company as President and Chief Operating Officer after a distinguished career at Procter & Gamble. In July 2009, he assumed the role of CEO, marking the beginning of a transformative era for the cosmetics giant.
Reflections on a Remarkable Tenure
Reflecting on his time at ELC, Freda expressed, “Leading The Estée Lauder Companies for sixteen years, is and has been, a true honor and privilege.” He conveyed immense pride in the company’s achievements and the exceptional team he has built. Freda emphasized his ongoing commitment to executing the strategic reset and the Profit Recovery and Growth Plan, addressing current challenges while paving the way for future success.
Looking to the Future
As ELC prepares for this significant leadership transition, the beauty world eagerly anticipates the next chapter in the company’s storied history. Freda’s legacy of innovation, growth, and adaptability sets a high bar for his successor, ensuring that the Estée Lauder Companies will continue to be a dominant force in the global beauty industry for years to come.