Board 'well advanced' in CEO succession planning process (Il Sole 24 Ore Radiocor) - New York , 19 Aug - The US cosmetics company Estee Lauder said its long-time CEO, Fabrizio Freda, has informed the board of his intention to retire at the end of fiscal year 2025.

"The Board is well advanced in its long-established CEO succession planning process whereby the Board has considered many highly qualified internal and external candidates, the company said.

Estee Lauder said that Freda will continue to lead the copany's strategic, financial and investment priorities until a successor is appointed. After that, Freda "will partner with this leader to ensure a smooth transition" and will also be available in fiscal year 2026 as an advisor.

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(RADIOCOR) 19-08-24 13:21:52 (0235) 5 NNNN