The Estée Lauder Companies Inc. (NYSE:EL) today announces that
after more than 28 years with the Company, Mark Loomis, Group
President, North America, will retire at the end of fiscal year
2025. He will be succeeded by Tara Simon, who will assume the role
of President, North America, and Amber English, who will assume the
role of President, Digital and Online, North America. Ms. Simon and
Ms. English will assume their new roles beginning January 1, 2025
to ensure a seamless transition ahead of Mr. Loomis’ retirement.
Ms. Simon will report directly to Fabrizio Freda, President and
Chief Executive Officer, and Ms. English will jointly report to
Fabrizio Freda and Gibu Thomas, Executive Vice President,
Online.
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Mark Loomis, Group President, North
America, will retire at the end of fiscal year 2025 (Photo:
Business Wire)
“Mark is a visionary leader who has driven meaningful impact
through nearly three decades at the Company, promoting greater
integration across our portfolio and regions, championing a
commitment to our people and values, and inspiring excellence and
creativity every day,” said Fabrizio Freda. “He guided the business
strategy in North America, maintaining a steadfast focus on the
consumer amid the shifting beauty landscape, and while leading our
Asia/Pacific region, he oversaw regional strategies that supported
business acceleration and commercial operations to drive growth. We
are grateful for his contributions and dedication to the
Company.”
Mr. Freda continued, “As we embark on the next phase of growth
for North America, Tara and Amber bring incredible experience that
make them uniquely well-suited to capture the promise of this
evolving market while advancing our strategy and ambitions.
Together, their leadership marks a new chapter of growth in North
America, by launching new products and taking existing ones to new
audiences, fueled by relevant, compelling and differentiated
marketing, and serving our customers wherever they prefer to
shop.”
Ms. Simon will focus on executing the Company’s North America
brick-and-mortar channel strategy, including specialty-multi,
department stores, and free-standing stores. She joined The Estée
Lauder Companies in 2020 as Senior Vice President, Global Manager,
Too Faced, and was promoted to Global Brand President, California
Brands, which includes oversight of Too Faced and Smashbox, where
she focused on driving product and consumer engagement innovations.
Ms. Simon is a recognized brand builder, focused on creating brand
love and loyalty with a range of diverse consumers. A bold,
authentic and highly collaborative leader, her energy and passion
for fostering a culture of bravery drives agility, ingenuity and
creativity within teams. Furthermore, her experience in achieving
strategic gains specifically within the specialty-multi prestige
beauty space, make her uniquely suited for this North America
leadership role.
A successor to Ms. Simon’s role leading the Company’s
California-based brands will be announced at a later date.
Ms. Simon joined The Estée Lauder Companies from Ulta Beauty,
where she served most recently as Senior Vice President of
Merchandising, Prestige Beauty. In this role, Ms. Simon was
responsible for the successful business model evolution and
elevation of Ulta Beauty’s prestige brands. As the leader of Ulta
Beauty’s Prestige Merchandising Team, Merchandising Strategy Team,
and Emerging Brands Team, Ms. Simon dramatically increased the
number of prestige brands sold through the retailer by attracting
exclusive launches from well-established powerhouse brands like
M·A·C and Clinique, while also aggressively pursuing and
successfully launching smaller start-up brands, resulting in
increased consumer engagement and loyalty. Prior to her time at
Ulta Beauty, Ms. Simon served as Divisional Merchandise Manager of
Color at Sephora.
“I look forward to galvanizing the incredible North America team
and leading a strategic framework to accelerate our iconic brands’
consumer reach and impact in beauty and culture,” said Ms. Simon.
“As someone who is growth obsessed, I understand the industry is
fiercely competitive, and evolving to continually engage a wide
range of consumers for increased prestige beauty share is more
important than ever. I look forward to working closely with Amber
to identify and capture fast-growing distribution opportunities
while bringing to market accelerated product innovations, scaling
our hero products and responding to trends faster.”
In her new role as President, Digital and Online, North America,
Ms. English will oversee the continued acceleration of the
Company’s digital-first transformation and omni-capabilities for
North America, fueled by Online. She will drive a best-in-class
strategy that supports consumer acquisition, retention and
differentiated, exceptional brand experiences while leading all
eCommerce activities in the region, including across the Company’s
owned Brand.com properties, Retailer.com, and pure play Online
retailers. Most recently, Ms. English has played an instrumental
role in leading the Company’s initial brand launches in the U.S.
Amazon Premium Beauty store, and has led the North America digital
transformation focused on developing best-in-class digital
experiences for consumers across owned Brand.com properties,
Retailer.com and Amazon.
Ms. English joined The Estée Lauder Companies in 2022 from
Amazon, where she most recently led the global Amazon Fashion
Private Brands business, developing exclusive-to-Amazon brands and
products across Apparel, Shoes, and Accessories. During her time at
Amazon, she spent 14 years serving in various roles across Amazon
Fashion, Beauty, and Consumables.
“We have a new chapter ahead of us, and I am excited to
collaborate with Tara to advance the strategic direction of our
North America business,” said Ms. English. “We will continue to
prioritize recruiting new consumers, engaging consumers with
captivating products, and approaching improvements and distribution
with an eye towards scaling growth.”
“Mark has done a terrific job of leading the Company’s North
America business throughout a highly complex, competitive, and
fast-evolving landscape,” said William P. Lauder, Executive
Chairman, The Estée Lauder Companies. “He has guided the business
strategy and innovation agenda across brands and channels for the
region, with a focus on unlocking emerging, granular opportunities.
He will be greatly missed across the organization.”
Mr. Lauder continued: “I am thrilled to welcome Tara and Amber
to these leadership roles. Tara’s deep experience within
specialty-multi prestige beauty, coupled with her commitment and
passion for consumer-focused brand building will enable our teams
to push boundaries to grow and win. Amber is a dynamic eCommerce
leader with a strong track record of developing bold strategies to
attract and retain consumers. I know they will both leverage their
extensive backgrounds in prestige beauty and commercial expertise
to help drive our business in the dynamic North America
region.”
About The Estée Lauder Companies Inc.
The Estée Lauder Companies Inc. is one of the world’s leading
manufacturers, marketers, and sellers of quality skin care, makeup,
fragrance, and hair care products, and is a steward of luxury and
prestige brands globally. The company’s products are sold in
approximately 150 countries and territories under brand names
including: Estée Lauder, Aramis, Clinique, Lab Series, Origins,
M·A·C, La Mer, Bobbi Brown Cosmetics, Aveda, Jo Malone London,
Bumble and bumble, Darphin Paris, TOM FORD, Smashbox, AERIN Beauty,
Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, KILIAN
PARIS, Too Faced, Dr.Jart+, the DECIEM family of brands, including
The Ordinary and NIOD, and BALMAIN Beauty.
Cautionary Note Regarding Forward-Looking Statements
Statements in this press release may constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Such statements include those in the various
quotations. Although the Company believes that its expectations are
based on reasonable assumptions within the bounds of its knowledge
of its business and operations, actual results may differ
materially from the Company’s expectations. Factors that could
cause actual results to differ from expectations include the
ability to successfully implement the Company’s North America
strategy and its profit recovery and growth plan and those
described in the Company’s filings with the Securities and Exchange
Commission, including its most recent Annual Report on Form 10-K.
The Company assumes no responsibility to update forward-looking
statements made herein or otherwise.
ELC-C ELC-L
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Investor Relations: Rainey Mancini (212) 284-3049
Media Relations: Jill Marvin (212) 572-4438
Estee Lauder Companies (NYSE:EL)
過去 株価チャート
から 10 2024 まで 11 2024
Estee Lauder Companies (NYSE:EL)
過去 株価チャート
から 11 2023 まで 11 2024
