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“Great organisations are dynamic, evolving as markets change and as skills of the organisation grow.“ |
Fabrizio Freda President and CEO The Estée Lauder Companies |
The Estée Lauder Companies has expanded its number of Group Presidents, from two to four, adding two new senior positions to its top management. The move is said to be part of an “organisational evolution” which reflects the outstanding global growth of the group.
President and Chief Executive Officer Fabrizio Freda commented: “Great organisations are dynamic, evolving as markets change and as skills of the organisation grow. In 2009, we strengthened our Company by creating roles that enabled our leaders to best leverage their expertise. The results have been far-reaching. Today, we work even more collaboratively and decisively, and this evolution will drive our future success.”
Effective 1 January 2013, Thia Breen has been named Group President North America (a new position), building on her outstanding success leading the Company’s home market while continuing to develop the Company’s strong retailer partnerships within the region. Breen will oversee both the US and Canadian affiliates, to further drive growth in these markets.
Lynne Greene has also been named Group President, continuing to oversee the Clinique, Origins and Ojon global brands, with the addition of the Aveda and Darphin brands. The strategic regrouping of these brands under her leadership will further develop their innovation synergies while continuing to deliver growth in their respective priority channels, the group maintains.
In addition, Greene will join the Company’s Investment and Development Committee (IDC) to help guide global M&A strategy. Both Breen and Greene will continue to report to Freda.
“We owe the success of our Company to our great leaders and people,” added Executive Chairman William P. Lauder. “The redesign we are announcing today expands the roles of several of our most senior executives and positions our Company for sustained profitable growth. I am confident that given their new responsibilities, this team will continue to deliver superior results, further inspiring and motivating our dynamic culture.”
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