Estée Lauder Appoints Stéphane de La Faverie as New CEO Amidst Strategic Leadership Shift

Estée Lauder announces Stéphane de La Faverie as its new CEO, effective January 1, alongside William P. Lauder stepping down as executive chair but continuing as chair of the board. This leadership transition occurs as the company faces financial challenges, with a focus on a strategic turnaround to revitalize its business amidst declining sales and profits, particularly in the crucial Chinese market.

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