Jane Lauder, whose grandmother founded Estée Lauder and who was seen as a contender to become its next CEO, is set to depart the company. Lauder joined the family-run company in 1996.

Jane Lauder, whose grandmother founded Estée Lauder and who was seen as a contender to become its next CEO, is set to depart the company. Lauder joined the family-run company in 1996.

Photo: Alessio Marini/LPS/Zuma Press The succession drama at Estée Lauder EL -1.21% is ending with an insider getting the top job, but it isn’t a member of the fractious founding family.

This week, The Estée Lauder Companies (NYSE:EL) announced that Jane Hertzmark Hudis has been promoted to Executive Group President, effective July 1, 2020. S ...

In early September, some board members at Estée Lauder EL-3.90%decrease; red down pointing triangle received a private letter calling for a shake-up: Longtime executive chairman William Lauder ...

Cosmetics giant Estee Lauder has picked senior executive Stéphane de La Faverie to take over as its CEO, the Wall Street Journal reported Monday, citing people familiar with the matter.

Jane Lauder subsequently departed day-to-day operations to focus on her duties as a board member. Her cousin William Lauder followed suit, departing his role as executive chairman.

In addition to this, Lauder announced plans to ramp up its restructuring program, part of the so-called profit recovery plan, and will eliminate between 5,800 to 7,000 positions.

NEW YORK and REDMOND, Wash., April 26, 2024 /PRNewswire/ -- The Estée Lauder Companies (ELC) and Microsoft Corp. (MSFT) on Friday announced the creation of an AI Innovation Lab as an expansion of ...