The Estée Lauder Companies Inc. (NYSE:EL) today announced that Ronald S.
Lauder has retired from the Company’s Board of Directors. He joined the
Board in 1968 and continued to serve as a director when the Company went
public in 1995. The Board has elected his daughter, Jane Lauder, 36, to
fill the vacancy on the Board. Ms. Lauder is currently Senior Vice
President/General Manager of the Company’s Origins brand. Ronald Lauder,
65, will continue to serve as Chairman, Clinique Laboratories, LLC and
as an officer of The Estée Lauder Companies.
Jane Lauder was appointed Senior Vice President/General Manager of the
Origins brand in July 2008. Prior to joining Origins, she was Senior
Vice President, Global Marketing for the Company’s Clinique brand from
July 2006. In this role, she was responsible for the brand’s overall
strategic marketing and positioning, including developing products and
expanding the brand into new channels and categories globally. Before
joining Clinique, Ms. Lauder was Vice President of Marketing for
BeautyBank, the Company’s entrepreneurial think tank, a role she took on
in 2003. There she spearheaded the creation and launch of the skin care
and cosmetics line American Beauty as well as Flirt!, the color
cosmetics brand. Previously, she worked as Vice President of Marketing
for the Stila brand from 2001 to 2003. A graduate of Stanford
University, Ms. Lauder joined The Estée Lauder Companies in 1996 after
working in the advertising industry. She is a granddaughter of Estée
Lauder, the founder of The Estée Lauder Companies.
The Estée Lauder Companies’ Board of Directors consists of 13 Directors,
four of which are members of the Lauder family and will now include:
William P. Lauder, Chairman of the Board and Executive Chairman of The
Estée Lauder Companies Inc., Leonard A. Lauder, Chairman Emeritus of the
Board, Aerin Lauder, Senior Vice President, Creative Director of the
Estée Lauder brand, and Jane Lauder.
“I am proud that the next generation of our family will continue to help
lead this great Company,” said Ronald S. Lauder. “This is an important
opportunity for my daughter Jane to continue to evolve as a leader and
help the Company carry out the next phase of its growth. It has been an
honor to serve with my fellow Directors on our Board and I look forward
to continuing my work as an officer of the Company.”
“We are very pleased that Jane has joined our Board of Directors,” said
William P. Lauder. “Jane’s innovative marketing sense, longstanding
commitment to our Company and proven talent has earned her the respect
of our Directors.
