Share |

Estee Lauder promotes next-gen

The granddaughter of Estee Lauder, who founded the eponymous cosmetics giant, has been promoted as part of the company’s “strategic organisational redesign”, continuing the tradition of family control of the firm.

The granddaughter of Estee Lauder, who founded the eponymous cosmetics giant, has been promoted as part of the company’s “strategic organisational redesign”, continuing the tradition of family control of the firm.

On 29 November, the company, which is majority owned by the Lauder family, said Jane Lauder, is to become the global president and general manager of Darphin – one of the firm’s skincare brands – in the new year.

The 39-year-old – who already serves as global president and general manager of Origins and Ogons, and sits on the family business's board of directors – has been instrumental in a number of the Lauder empire’s recent successes, including the launches of Acne Solutions and Almost Powder Makeup, and turning around struggling brands such as Beauty Bank into a profitable product range.

“Jane is intelligent, focused, tenacious and determined to lead her teams to success. She has done a brilliant job with her brands, especially with Origins around the world,” said non-family member Lynne Green.

Meanwhile, non-family member Peter Lichtenthal, who is president of the company’s hair care brand Bumble and Bumble, is to oversee Smashbox from 1 January.

“Both Jane and Peter possess the outstanding strengths and leadership skills that define us as a brand-led, strategic organisation that is creativity driven and consumer inspired,” added family member and executive chairman William Lauder.

Estee Lauder, which was founded in 1946 when Joseph Lauder and his wife Estee began producing cosmetics in New York, reported a 3% rise in revenues to $2.55 billion (€2 billion) for the first fiscal quarter ending 30 September.

Click here >>
Close