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. In this role, he is responsible for developing and achieving the Company’s overall vision, strategy, financial objectives and investment priorities. 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. Many of our enterprise initiatives continue to focus on supporting women and girls globally. We aim to create products and services in all aspects of our business that consumers have never dreamed of, but can’t live without, and this year was no exception. 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. During that time he led the launch and expansion of the Pantene hair care brand in several European countries. Fabrizio has made over 54 trades of the Estee Lauder Cos stock since 2011, according to the Form 4 filled with the SEC. www.vbprofiles.com is now www.topionetworks.com. In fiscal 2020, Aveda, Origins, Clinique and La Mer published initial ingredient glossaries on their websites. 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 - … A Message from Fabrizio Freda, President and CEO. Mr. Freda attended University of Naples Federico II and holds a degree in Economics and Business Administration. 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. 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. We use cookies to ensure our website works properly, and to collect statistics to provide you with the best experience. The Estée Lauder Companies CEO Fabrizio Freda. In constant currency, net sales declined 3 percent, and adjusted diluted earnings per share decreased 22 percent to $4.16. Our 10-year Compass, which serves as a high-level, directional roadmap, is updated every few years using cutting-edge research, data and analytics to reflect the most promising growth areas in prestige beauty across geographies, channels, categories and consumers, as well as shifts in global economic, demographic and social trends. We also remain steadfast in delivering progress against our citizenship and sustainability strategy and goals. 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. When Italian-born businessman Fabrizio Freda became chief executive of the Estée Lauder luxury empire in 2009, he had a lot of work to do. Estée Lauder’s Fabrizio Freda named one of World’s Best CEO’s by Barron’s. 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. We proudly recognize these attributes as core to our strength, while acknowledging that we can and will do more. Our business continues to benefit from the strategic actions we have taken to position our company for recovery and sustainable, profitable growth. The Fiscal 2020 Year-in-Review materials contain references to the following non-GAAP financial measures: constant currency, adjusted net earnings and adjusted diluted earnings per share. We remain focused on leading with sensitivity and care as we support our employees, recognizing that our regions are at different stages of the pandemic. These and other developments make it clear that the world is quickly and significantly transforming. We have always prided ourselves on being a learning organization, and we are committed to continuously investing in and developing our talent. Our non-GAAP financial measures may not be comparable to similarly titled measures used by, or determined in a manner consistent with, other companies. 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. We also took prudent and effective measures, financially and operationally, to protect the business. Fragrance sales also accelerated, reflecting growing consumer desire for our portfolio of luxury and artisanal fragrances. I encourage you to read more from our Executive Chairman William P. Lauder about our global and local efforts in fiscal 2020. Fabrizio Freda: Leading for the Long-Term For Estée Lauder ceo Fabrizio Freda, total transparency has been the key to achieving stability in times … Mr. Freda EL stock SEC Form 4 insiders trading. 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. On today's call are Fabrizio Freda, President and Chief Executive Officer; and Tracey Travis, Executive Vice President and Chief Financial Officer. The largest trade he's ever made was exercising 320,000 units of Estee Lauder Cos stock on 19 August 2014 worth over … Even with the challenges of this year, we are optimistic about the future. 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. Fabrizio Freda is President and Chief Executive Officer of The Estée Lauder Companies, the global leader in prestige beauty. 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. Thirty top CEOs were announced. In 2013, Mr. Freda was appointed to the Advisory Board of the Global Business Initiative at Georgetown University’s McDonough School of Business. During fiscal 2021, we look forward to continuing to engage with consumers on this topic. By continuing to use this site, you are agreeing to this. 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. 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. Fabrizio Freda is President/CEO at Estee Lauder Cos Inc. See Fabrizio Freda's compensation, career history, education, & memberships. In them, we enjoy both strong and growing prestige beauty share and profitability. 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. Fabrizio Freda Popularity Most Popular #195870 In this role, he is responsible for developing and achieving the Company’s overall vision, strategy, financial objectives and investment priorities. The same is true for our industry and for The Estée Lauder Companies. 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. The Estée Lauder Companies Inc. (NYSE: EL) held its Annual Meeting of Stockholders today. He joined the company in March 2008 as President and Chief Operating Officer and assumed the CEO position in July 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. 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. By Molly Prior and Pete Born on May 8, 2009 This year has been dramatically shaped by the COVID-19 pandemic. 1. 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. As much as the world has changed in the past year, so much of what makes The Estée Lauder Companies exceptional has remained true. Our targeted investments help us reach more consumers who are spending increasingly more time on our sites, resulting in incredibly strong conversion rates. In constant currency, net sales rose 14 percent and adjusted EPS climbed 20 percent in the first half of fiscal 2020. We are grateful to our consumers for the trust they have placed in us and are energized by their tremendous love and enthusiasm. As consumer interest in ingredients has grown, we have responded by increasing our transparency about our products. As President and Chief Executive Officer at ESTEE LAUDER COMPANIES INC, Fabrizio Freda made $17,650,495 in total compensation. Thank you for your continued support. 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. 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. Mr. Freda is a member of the Company’s Board of Directors. Fabrizio Freda is President and Chief Executive Officer, The Estée Lauder Companies, a position he assumed on July 1, 2009. 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. Click here for information about GAAP and non-GAAP financial measures, including reconciliation information. Innovation is also expected to play a vital role in fiscal 2021, powering the engines of the moment and of the future. Beyond productivity improvements in our brick-and-mortar footprint, we expect the program to better position us to capitalize on our omnichannel strategy. Below are 10 things you may not know about this man, but rest assured, they are all worth knowing. In 2012, he was appointed to the Board of Directors of BlackRock, Inc. He joined the company in March 2008 as President and Chief Operating Officer. Currently, our vibrant Online business, broad exposure in Asia/Pacific (APAC) and robust Skin Care portfolio are the engines driving our growth. Fabrizio Freda is President and Chief Executive Officer, The Estée Lauder Companies, a position he assumed on July 1, 2009. For Fabrizio Freda, whose familiarity ensured his spot in the top ten for the second year in … Our company’s achievements are driven by our talented and diverse global community of employees, and our values of respect for the individual, inclusion and equality. Despite extensive temporary store closures worldwide in the second half of the year, sales fell only 20 percent and we remained profitable, as we quickly and effectively pivoted to Online to capture consumption and adjusted our cost structure. Find out more about how we use cookies and how to manage your settings. Our 10-year Compass, which serves as a high-level, directional roadmap, is updated every few years using cutting-edge research, data and analytics to reflect the most promising growth areas in prestige beauty across geographies, channels, categories and consumers, as well as shifts in global economic, demographic and social trends. The growth prospects in this region continue to be encouraging. To access all the content for free, please sign up by entering your email. 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. Additionally, we offer Presidential Management Associate (PMA) and Presidential Associate (PA) programs designed to attract, develop and retain top MBA and undergraduate talent. From 1986 to 1988 he directed marketing and strategic planning for Gucci SpA. Cautionary Note Regarding Forward-Looking Statements. Fortunately, he had a plan to get the company moving forwards again. Our powerful roster of Skin Care products and brands, including Estée Lauder's Advanced Night Repair, Clinique’s Moisture Surge, La Mer’s Crème de la Mer and Dr. Jart+’s Teatreement™, positions us well to support continued growth in this category. Consumers are actively exploring sub-categories and expanding their regimens, finding peace of mind in the ritual of routine. We delivered excellent performance across sub-categories, due to strong repeat purchase rates, data and analytics-driven marketing, new social selling strategies developed during COVID-19, and product innovations that consumers love. Our people are our greatest, and most valuable, strength. 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. During fiscal 2020, our Transformation capability generated significant results across our business, enabling us to build on growth opportunities across categories, geographies, channels and consumer segments with agility and speed. For Estée Lauder ceo Fabrizio Freda, total transparency has been the key to achieving stability in times of extreme uncertainty.. 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. 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 … Even as parts of our business have been operating remotely, we have continued to prioritize the sharing of cross-generational expertise and cultivating talent within our workforce. 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. We remain focused on the safety and well-being of our employees, their families and our consumers as this pandemic continues to have an impact in both the short and long term. Now more than ever, the importance and urgency of this work is clear for our business, our communities and our planet. 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. To further strengthen these critical capabilities, Jane Lauder was appointed to the role of Enterprise Marketing and Chief Data Officer for the company in June 2020. In 2015, Mr. Freda was awarded Italy’s prestigious Cavaliere del Lavoro by President Sergio Mattarella. Fabrizio Freda, recently appointed ceo of the Estée Lauder Cos., reveals his sweeping vision for transforming the prestige player into a global powerhouse. Hainan, in particular, prospered as tourism gradually resumed, which partially offset the decline of Travel Retail in the fourth quarter. Fabrizio Freda, President & CEO, Director at The Estée Lauder Companies (EL), has a 0.0% success rate when buying and selling stocks. Overall, we are pleased to have delivered a strong performance for the fiscal year and strengthened our leadership in the channel. 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. He’s of Italian descent. Advanced Night Repair Synchronized Multi-Recovery Complex, Find out more about how we use cookies and how to manage your settings, Listening and learning, to foster a stronger internal culture of advocacy and inclusion, Focusing on talent and opportunity, to ensure that we are providing more equitable access to professional development and advancement, Investing for change through a three-year $10 million pledge from the company, its foundation, employee matching gifts and the Lauder family to support non-profits and other organizations. President and CEO Fabrizio Freda describes the achievement as “a new level of ambition and dedication to climate action,” as the beauty company sets even more ambitious climate targets for the next decade. Fabrizio Freda is President and Chief Executive Officer, The Estée Lauder Companies, the global leader in prestige beauty. For EsteeLauder ceo Fabrizio Freda, total transparency has been the key to achieving stability. We anticipate global prestige beauty to progressively return to growth during fiscal 2021, and expect to continue to build global share. At the same time, important social and racial justice movements are having a meaningful impact across the globe, and we are deeply committed to doing more to facilitate a culture of equity, inclusion and belonging within our company and our communities. This agreement made The Estée Lauder Companies the first prestige beauty company to execute a VPPA and is the company’s largest renewable energy contract globally, enabling us to achieve our RE100 commitment of 100 percent renewable electricity in the United States and Canada one year ahead of schedule. 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. Geographically, APAC remained a dynamic engine of growth, as consumers increasingly embrace prestige beauty for its quality, innovation and creativity. 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. In the future, we expect to incur charges or adjustments similar in nature to those presented below; however, the impact to the company’s results in a given period may be highly variable and difficult to predict. Most recently he exercised 117,239 units of EL stock worth $7,891,357 on 11 November 2020.. The company had too many brands, too many people and too little cohesion. Mr. Freda is a member of the Company’s Board of Directors. It is a time of unprecedented change, but also of boundless opportunity and progress. Mr. Freda is a member of the Company’s Board of Directors. This information is according to proxy statements … The intelligent use of data, analytics and consumer insights is at the center of everything we do. Fiscal 2020 marked the 27th Anniversary of our Breast Cancer Campaign, which has raised more than $89 million globally for lifesaving research, education and medical services. We use such measures, among other financial measures, to evaluate our operating performance, which represent the manner in which we conduct and view our business. 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. Click here for 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. 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. For all of these reasons and more, we look forward to a bright and beautiful future. Mr. Freda also spent more than a decade in positions of increasing responsibility in the Health and Beauty Care division at P&G. 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. Why … Our investments for both near-term recovery and long-term growth fuel our momentum and position us well for the future. In this new position, Jane is leading our company-wide strategy to build our data-empowered, digitally-directed priorities to accelerate growth, while driving breakthrough brand marketing and creative by optimizing our vast and valuable data and integrating our analytic capabilities. A climate milestone: The Estée Lauder Companies achieves Net Zero emissions and 100% renewable electricity for its direct operations. Mr. Freda is a strategically focused, financially disciplined, results-oriented leader with a proven track record in the consumer products arena. Fabrizio Freda, chief executive of Estée Lauder, grew up in Naples, though his business inspiration comes from an Italian born in Florence: Niccolò Machiavelli.. President and CEO Fabrizio Freda describes the achievement as “a new level of ambition and dedication to climate action,” as the beauty company sets even more ambitious climate targets for the next decade. If you hadn’t already guessed his heritage by his name, you now know that he was born in Naples during the 1950s. In this role, he is responsible for developing and achieving the Company’s overall vision, strategy, financial objectives and investment priorities. 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. Today, taking care of one's skin is an expression of self-care — and self-care is more important than ever. 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. 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. He worked at Procter & Gamble for 20 years before joining Esteé Lauder. I am incredibly proud of how our company, with passion and compassion, has contributed to global relief efforts and rapidly embraced consumers’ evolving needs. Notably, these include declining net sales in The Americas and our Europe, the Middle East & Africa regions, reflecting very difficult environments. And this is just the beginning: We have many strategic initiatives underway to further unlock the potential of this important channel. I am proud of our company, our brands and our employees for their dedication and hard work in these critical areas. Brand.com, brand boutiques on platforms such as Tmall and retailer.com sites each contributed meaningfully to our results. As Online has quickly grown, we are moving to more aggressively adjust our brick-and-mortar footprint and more closely align with how and where the consumer wants to shop. His name is Fabrizio Freda and he is the CEO of Estee Lauder. Senior Vice President, Global General Manager, Too Faced. Korea and other markets in the region also grew for the year, driving prestige beauty share gains. Since many of our remarks today contain forward-looking 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. Our Skin Care business performed exceptionally well in fiscal 2020, with Estée Lauder, La Mer, TOM FORD BEAUTY, Origins, and Darphin driving growth organically. Estée Lauder Companies CEO Fabrizio Freda. During the first six months of fiscal 2020, The Estée Lauder Companies delivered an incredibly strong half-year performance, thanks to our winning strategy and multiple engines of growth. Role of CEO and President at beauty company Esteé Lauder forward-looking statements the! For information about GAAP and non-GAAP financial measures, financially disciplined, leader. I encourage you to read more from our Executive Chairman William P. Lauder strengthened! 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