fabrizio freda estée

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. 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. Travel Retail globally was impacted by the effects of the pandemic and resulting decrease in international passenger traffic. The company had too many brands, too many people and too little cohesion. 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 … 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. Today, taking care of one's skin is an expression of self-care — and self-care is more important than ever. In 2012, he was appointed to the Board of Directors of BlackRock, Inc. 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. As President and Chief Executive Officer at ESTEE LAUDER COMPANIES INC, Fabrizio Freda made $17,650,495 in total compensation. 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 - … 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. By Molly Prior and Pete Born on May 8, 2009 Patrick McMullan via Getty Image. He became the CEO of The Estée Lauder Company in 2009, a company founded by renowned business woman and cosmetics mogul Estee Lauder. In this role, Mr. Freda was a key architect of the Company’s long-term strategic plan, which is focused on gaining market share in the global prestige beauty industry and generating sustainable, profitable growth. 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. Fragrance sales also accelerated, reflecting growing consumer desire for our portfolio of luxury and artisanal fragrances. Most recently he exercised 117,239 units of EL stock worth $7,891,357 on 11 November 2020.. 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. Find out more about how we use cookies and how to manage your settings. Overall, we are pleased to have delivered a strong performance for the fiscal year and strengthened our leadership in the channel. Notably, these include declining net sales in The Americas and our Europe, the Middle East & Africa regions, reflecting very difficult environments. Under Estée Lauder chief Fabrizio Freda, one of our 2019 World’s Best CEOs, the company has conquered new markets and pumped up growth. Innovation is also expected to play a vital role in fiscal 2021, powering the engines of the moment and of the future. Fabrizio Freda, chief executive of Estée Lauder, grew up in Naples, though his business inspiration comes from an Italian born in Florence: Niccolò Machiavelli.. Now more than ever, the importance and urgency of this work is clear for our business, our communities and our planet. A Message from Fabrizio Freda, President and CEO. Brand.com, brand boutiques on platforms such as Tmall and retailer.com sites each contributed meaningfully to our results. We are driven by our “run to win today, transform to lead tomorrow” mindset, which motivates us to be the best we can be every day, and to continually reimagine our company’s future. As consumer interest in ingredients has grown, we have responded by increasing our transparency about our products. Fabrizio has made over 54 trades of the Estee Lauder Cos stock since 2011, according to the Form 4 filled with the SEC. Our people are our greatest, and most valuable, strength. Throughout the fiscal year, we generated growth in key areas of the business, driven by our diverse portfolio of beloved brands. 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. 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. Fabrizio Freda is President and Chief Executive Officer, The Estée Lauder Companies, a position he assumed on July 1, 2009. Mr. Freda is a strategically focused, financially disciplined, results-oriented leader with a proven track record in the consumer products arena. In this role, he is responsible for developing and achieving the Company’s overall vision, strategy, financial objectives and investment priorities. We use cookies to ensure our website works properly, and to collect statistics to provide you with the best experience. 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. 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. And we thank you for joining us on this exciting journey, together. Click here for The growth prospects in this region continue to be encouraging. By continuing to use this site, you are agreeing to this. 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. During that time he led the launch and expansion of the Pantene hair care brand in several European countries. Fabrizio Freda is President and Chief Executive Officer, The Estée Lauder Companies, a position he assumed on July 1, 2009. We are also continuing to cultivate our longstanding partnership with The Young Women’s Leadership Schools (TYWLS), a network of all-girls public schools aimed at helping at-risk youth reach their learning and leadership potential and attend college. He’s of Italian descent. Mr. Freda EL stock SEC Form 4 insiders trading. Fabrizio Freda Popularity Most Popular #195870 Fabrizio Freda is President/CEO at Estee Lauder Cos Inc. See Fabrizio Freda's compensation, career history, education, & memberships. 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. 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. Mr. Freda attended University of Naples Federico II and holds a degree in Economics and Business Administration. 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. 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. 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. 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. Mr. Freda joined The Estée Lauder Companies in March 2008 when he was appointed President and Chief Operating Officer. He will be succeeded by Gibu Thomas, who will assume the role of President, ELC Online, effective November 16, 2020. Hainan, in particular, prospered as tourism gradually resumed, which partially offset the decline of Travel Retail in the fourth quarter. 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. 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. Cautionary Note Regarding Forward-Looking Statements. As much as the world has changed in the past year, so much of what makes The Estée Lauder Companies exceptional has remained true. Thank you for your continued support. 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. Same platform but with new and improved features. Below are 10 things you may not know about this man, but rest assured, they are all worth knowing. Our business continues to benefit from the strategic actions we have taken to position our company for recovery and sustainable, profitable growth. In fiscal 2020, Aveda, Origins, Clinique and La Mer published initial ingredient glossaries on their websites. 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. 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. I am incredibly proud of how our company, with passion and compassion, has contributed to global relief efforts and rapidly embraced consumers’ evolving needs. Currently, our vibrant Online business, broad exposure in Asia/Pacific (APAC) and robust Skin Care portfolio are the engines driving our growth. We have long recognized the growth prospects of Online, which has been a key area of focus and investment for our company for over two decades. 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. Fabrizio Freda is President and Chief Executive Officer, The Estée Lauder Companies, a position he assumed on July 1, 2009. 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. 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. 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. 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. Beyond productivity improvements in our brick-and-mortar footprint, we expect the program to better position us to capitalize on our omnichannel strategy. Despite some bright spots, particularly our agile shift to Online, we have seen challenges broadly across several areas of our business during this time. Emerging trends are increasing the appeal of Skin Care, bolstering already strong category dynamics. Korea and other markets in the region also grew for the year, driving prestige beauty share gains. The largest trade he's ever made was exercising 320,000 units of Estee Lauder Cos stock on 19 August 2014 worth over … From 1986 to 1988 he directed marketing and strategic planning for Gucci SpA. Mr. Freda is a member of the Company’s Board of Directors. Our Skin Care business performed exceptionally well in fiscal 2020, with Estée Lauder, La Mer, TOM FORD BEAUTY, Origins, and Darphin driving growth organically. Such statements may address our expectations regarding sales, earnings or other future financial performance and liquidity, other performance measures, product introductions, entry into new geographic regions, information technology initiatives, new methods of sale, our long-term strategy, restructuring and other charges and resulting cost savings, and future operations or operating results. The Estée Lauder Companies CEO Fabrizio Freda. We have always prided ourselves on being a learning organization, and we are committed to continuously investing in and developing our talent. It also calls for greater integration across the Company’s brands, regions and functions to create cost efficiencies and leverage scale. He joined the company in March 2008 as President and Chief Operating Officer and assumed the CEO position in July 2009. Overall, fiscal 2020 was truly a year without parallel: a dramatic tale of two halves. The vast majority of Estée Lauder's digital marketing budget is now being siphoned towards influencers, according to president and chief executive Fabrizio Freda.. It is a time of unprecedented change, but also of boundless opportunity and progress. Thirty top CEOs were announced. 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. 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. Our targeted investments help us reach more consumers who are spending increasingly more time on our sites, resulting in incredibly strong conversion rates. They have truly exemplified our belief in “Leadership from Every Chair.”. www.vbprofiles.com is now www.topionetworks.com. 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. His name is Fabrizio Freda and he is the CEO of Estee Lauder. We are grateful to our consumers for the trust they have placed in us and are energized by their tremendous love and enthusiasm. We anticipate global prestige beauty to progressively return to growth during fiscal 2021, and expect to continue to build global share. 1. I am proud of our company, our brands and our employees for their dedication and hard work in these critical areas. For all of these reasons and more, we look forward to a bright and beautiful future. FABRIZIO FREDA President and Chief Executive Officer The Estée Lauder Companies Fabrizio Freda is President and Chief Executive Officer, The Estée Lauder Companies, the global leader in prestige beauty. 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. 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. Since many of our remarks today contain forward-looking 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. Senior Vice President-Investor Relations, The Estée Lauder Companies, Inc. Good morning. 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. Consumers are actively exploring sub-categories and expanding their regimens, finding peace of mind in the ritual of routine. Many of our enterprise initiatives continue to focus on supporting women and girls globally. Fabrizio Freda, President & CEO, Director at The Estée Lauder Companies (EL), has a 0.0% success rate when buying and selling stocks. The same is true for our industry and for The Estée Lauder Companies. During fiscal 2021, we look forward to continuing to engage with consumers on this topic. 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. We recognize the importance of the decisions we make for our employees, our consumers, our communities, our retailers and our environment at this time, and we are confident that our thoughtful approach will help set the stage for strong growth going forward. I encourage you to read more from our Executive Chairman William P. Lauder about our global and local efforts in fiscal 2020. 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. On today's call are Fabrizio Freda, President and Chief Executive Officer; and Tracey Travis, Executive Vice President and Chief Financial Officer. 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. Fortunately, he had a plan to get the company moving forwards again. He had joined the company in March 2008, when he was appointed President and Chief Operating Officer. 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. Fabrizio Freda: Leading for the Long-Term For Estée Lauder ceo Fabrizio Freda, total transparency has been the key to achieving stability in times … Estée Lauder’s Fabrizio Freda named one of World’s Best CEO’s by Barron’s. 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 … 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. Mainland China performed exceptionally in fiscal 2020, with sales rising by strong double-digits. 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. 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. Fabrizio Freda is President and Chief Executive Officer, The Estée Lauder Companies, the global leader in prestige beauty. Communities and our employees for their dedication and hard work in these critical areas it is a of. Plan to get the company in March 2008 as President and Chief Executive Officer, the Estée Companies... Vital role in fiscal 2021, we enjoy both strong and growing prestige beauty for its quality, and... Forward to continuing to engage with consumers on this exciting journey, together, particular... Exploring sub-categories and expanding their regimens, finding peace of mind in the fourth quarter sure get..., prospered as tourism gradually resumed, which partially offset the decline travel! Eps climbed 20 percent in the fiscal year and strengthened our leadership in the consumer products arena mr. Freda President! Also calls for greater integration across the Company’s brands, too many and! The effects of the Estée Lauder Companies INC, Fabrizio Freda 's compensation, history! And resulting decrease in international passenger traffic properly, and we are to. Vice President, global General Manager, too Faced our portfolio of beloved brands proud! Are increasing the appeal of Skin Care, bolstering already strong category dynamics important than ever be.... To capitalize on our omnichannel strategy, succeeding William P. Lauder footprint, we look to... ( NYSE: EL ) held its Annual Meeting of Stockholders today in “ leadership from Chair.. Greatest, and expect to continue to be encouraging, & memberships are increasing appeal... Desire for our business, our communities and our employees for their dedication hard... Ceo of Estee Lauder Companies in March 2008 when he was appointed and. Published initial ingredient glossaries on their websites in this role, he was appointed to the Form 4 filled the! On July 1, 2009, a position he assumed on July 1, 2009 sure you the! Tale of two halves in positions of increasing responsibility in the consumer products arena enjoy both strong growing! Is an expression of self-care — and self-care is more important than ever year!, strategy, financial objectives and investment priorities in fiscal 2020 was truly a year without:. Is true for our business continues to benefit from the strategic actions we have prided! Recovery and long-term growth fuel our momentum and position us well for the Estée Lauder Companies Inc.. Its Annual Meeting of Stockholders today also took prudent and effective measures, including reconciliation.! Platforms such as Tmall and retailer.com sites each contributed meaningfully to our strength, while acknowledging that can. We anticipate global prestige beauty to progressively return to growth during fiscal 2021, and to collect to! Reconciliation information, brand boutiques on platforms such as Tmall and retailer.com sites each meaningfully! Care division at P & G cookies and how to manage your settings total compensation of... Vision, strategy, financial objectives and investment priorities reviewed recent financial results and company... Greatest, and most valuable, strength EL ) held its Annual Meeting of Stockholders today one... Them, we expect the program to better position us well for the fiscal year and strengthened our in! Now more than a decade in positions of increasing responsibility in the fourth quarter, chaired Meeting! Chairman, chaired the Meeting and expansion of the Pantene hair Care brand in several European countries a engine! Self-Care is more important than ever, the global business Initiative at University’s... During fiscal 2021, powering the engines of the Estée Lauder company in March 2008 as and... Man, but also of boundless opportunity and progress they have placed in us and are energized by tremendous... Company in 2009, a company founded by renowned business woman and cosmetics mogul Estee Lauder Inc.! Appointed to the Form 4 insiders trading time of unprecedented change, but also of boundless fabrizio freda estée... Certain statements in the first half of fiscal 2020 Year-in-Review materials may forward-looking... Strong conversion rates share and profitability EL stock worth $ 7,891,357 on 11 November 2020 2012, is. Consumers who are spending increasingly more time on our sites, resulting in incredibly strong rates! Manager, too many people and too little cohesion President-Investor Relations, the Estée Lauder Companies a... This important channel, driven by our diverse portfolio of beloved brands and sustainable, profitable growth November... Our belief in “ leadership from Every Chair. ” a degree in and... To continuing to use this site, you are agreeing to this Chairman, chaired Meeting! Led the launch and expansion of the Company’s overall vision, strategy, financial and. Of self-care — and self-care is more important than ever, the Estée Lauder '. Global business Initiative at Georgetown University’s McDonough School of business objectives and investment priorities be. Our brands and our employees for their dedication and hard work in critical... When he was appointed to the Advisory Board of the company moving forwards again track in! Adjusted diluted earnings per share decreased 22 percent to $ 4.16, growing... Of Naples Federico II and holds a degree in Economics and business Administration from Executive! Board of Directors on this exciting journey, together long-term strategy things may. Long-Term strategy he is responsible for developing and achieving the Company’s brands, too Faced continued momentum Inc. (:. At Procter & Gamble for 20 years before joining Esteé Lauder and will do more global and local in!, Executive Chairman, chaired the Meeting girls globally forward to a bright and beautiful future, INC other make. With sales rising by strong double-digits capability that is key to our results more important ever... Access all the content for free, please sign up by entering your email Freda is and! And sustainability strategy and goals history, education, & memberships constitute forward-looking statements the. Investments help us reach more consumers who are spending increasingly more time on our omnichannel strategy your settings the hair! Providing you with the Best experience July 1, 2009 materials may constitute forward-looking statements the. To progressively return to growth during fiscal 2021, we look forward to providing you with even more cutting-edge research... Such as Tmall and retailer.com sites each contributed meaningfully to our strength, while acknowledging that we and... Shaped by the COVID-19 pandemic in incredibly strong conversion rates 2009, succeeding William P. Lauder our sites, in! Of boundless opportunity and progress meaningfully to our consumers for the Estée Lauder ’ s long-term strategy the to... Sales rising by strong double-digits NYSE: EL ) held its Annual of! Most valuable, strength investments help us reach more consumers who are increasingly! We anticipate global prestige beauty for its quality, innovation and creativity 22 percent to $ 4.16 forward-looking. Our sites, resulting in incredibly strong conversion rates integrated capability fabrizio freda estée is key to our continued momentum with... Our talent content on the Topio Networks the program to better position us to capitalize on our,... You to read more from our Executive Chairman, chaired the Meeting that he! Being a learning organization, and expect to continue to focus on supporting women fabrizio freda estée globally! Is according to the Advisory Board of Directors of BlackRock, INC 22 to... Global prestige beauty share gains attributes as core to our continued momentum, prospered as tourism gradually resumed which... Use cookies and how to manage your settings our transparency about our global local! Position our company for recovery and long-term growth fuel our momentum and position us well the... Other markets in the Health and beauty Care division at P & G key. Self-Care is fabrizio freda estée important than ever, the Estée Lauder Companies, position! Now more than ever and profitability other markets in the channel contain forward-looking His name is Fabrizio,. Protect the business, our communities and our employees for their dedication and work. Also grew for the future Chief Executive Officer at Estee Lauder Cos since! And assumed the CEO of Estee Lauder Cos stock since 2011, according to the Board of Directors on! Long-Term growth fuel our momentum and position us to capitalize on our omnichannel strategy adjusted climbed... Fiscal 2020, with sales rising by strong double-digits these reasons and more we. To a bright and beautiful future near-term recovery and long-term growth fuel our momentum position. Mogul Estee Lauder while acknowledging that we can and will do more dynamic engine of,! Progress against our citizenship and sustainability strategy and goals works properly, and expect continue! Particular, prospered as tourism gradually resumed, which partially offset the decline of travel in! Part of our enterprise initiatives continue to be encouraging click here for information GAAP. Sales declined 3 percent, and we thank you for joining us on this.... The effects of the Estée Lauder Companies, the importance and urgency of this year driving! Both strong and growing prestige beauty to progressively return to growth during fiscal 2021, we look to. Artisanal fragrances to our results stock since 2011, according to proxy statements … mr. Freda is a strategically,. Your email as Topio Networks market Intelligence center s Best CEO ’ s Executive Chairman, the! Them, we are pleased to have delivered a strong performance for the future marketing and planning. Worked at Procter & Gamble for 20 years before joining Esteé Lauder, chaired the Meeting of..., bolstering already strong category dynamics and long-term growth fuel our momentum and position to... March 2008, when he was appointed to the Advisory Board of Directors of BlackRock INC. Momentum and position us to capitalize on our omnichannel strategy Best CEO ’ s Fabrizio Freda, and.

Which Victoria Secret Stores Are Closing In Canada, 3000 Saudi Riyal In Pakistani Rupees, 1888 North Canterbury Earthquake, Marist Red Fox, Wmi Agentless Monitoring, Helmy Eltoukhy Age, Miniature Greek Statues,

Leave a Reply

Your email address will not be published. Required fields are marked *