Fabrizio Freda, chief executive of Estée Lauder, grew up in Naples, though his business inspiration comes from an Italian born in Florence: Niccolò Machiavelli.. The growth prospects in this region continue to be encouraging. We announced two significant innovations in Skin Care in fiscal 2021: La Mer introduced its new The Concentrate, and Estée Lauder launched its new Advanced Night Repair Synchronized Multi-Recovery Complex with a breakthrough formula. Our business continues to benefit from the strategic actions we have taken to position our company for recovery and sustainable, profitable growth. This year has been dramatically shaped by the COVID-19 pandemic. In this role, he is responsible for developing and achieving the Company’s overall vision, strategy, financial objectives and investment priorities. Management believes that excluding certain items that are not comparable from period to period, or reflect the company’s underlying ongoing business, provides transparency for such items and helps investors and others compare and analyze our operating performance from period to period. In 2012, he was appointed to the Board of Directors of BlackRock, Inc. Currently, our vibrant Online business, broad exposure in Asia/Pacific (APAC) and robust Skin Care portfolio are the engines driving our growth. We have long recognized our responsibility to safeguard the health and beauty of our planet and our communities, but today, the urgency and importance is clearer than ever. Estée Lauder CEO Fabrizio Freda on Big Earnings, China, and Complex Beauty Routines . Prior to joining The Estée Lauder Companies, Mr. Freda had an outstanding 20-year career at Procter & Gamble (P&G), where he was responsible for various operating, marketing and strategic efforts. Senior Vice President-Investor Relations, The Estée Lauder Companies, Inc. Good morning. The pandemic has advanced many of the trends identified through our Compass, which has created a need to accelerate the execution of our strategy. To further strengthen these critical capabilities, Jane Lauder was appointed to the role of Enterprise Marketing and Chief Data Officer for the company in June 2020. Our Online business surged worldwide in fiscal 2020, delivering nearly triple-digit organic sales growth in the fourth quarter, which is a testament to the capabilities and scale we have built. The company had too many brands, too many people and too little cohesion. Fabrizio Freda is President and Chief Executive Officer of The Estée Lauder Companies, the global leader in prestige beauty. He joined the company in March 2008 as President and Chief Operating Officer and assumed the CEO position in July 2009. For Fabrizio Freda, whose familiarity ensured his spot in the top ten for the second year in … During the first six months of fiscal 2020, The Estée Lauder Companies delivered an incredibly strong half-year performance, thanks to our winning strategy and multiple engines of growth. Below are 10 things you may not know about this man, but rest assured, they are all worth knowing. Our 10-year Compass, which serves as a high-level, directional roadmap, is updated every few years using cutting-edge research, data and analytics to reflect the most promising growth areas in prestige beauty across geographies, channels, categories and consumers, as well as shifts in global economic, demographic and social trends. In them, we enjoy both strong and growing prestige beauty share and profitability. Estée Lauder’s Fabrizio Freda named one of World’s Best CEO’s by Barron’s. We are proud of the accomplishments we have achieved, well-equipped to face the challenges of today, and even better positioned to embrace the opportunities of tomorrow. Mainland China performed exceptionally in fiscal 2020, with sales rising by strong double-digits. His name is Fabrizio Freda and he is the CEO of Estee Lauder. He joined the company in March 2008 as President and Chief Operating Officer. Executive Vice President, Enterprise Marketing and Chief Data Officer, Senior Vice President, Global General Manager, Clinique, Executive Vice President and General Counsel, The Autonomous Vehicle Ecosystem Landscape. We remain focused on leading with sensitivity and care as we support our employees, recognizing that our regions are at different stages of the pandemic. For EsteeLauder ceo Fabrizio Freda, total transparency has been the key to achieving stability. Beyond productivity improvements in our brick-and-mortar footprint, we expect the program to better position us to capitalize on our omnichannel strategy. If you hadn’t already guessed his heritage by his name, you now know that he was born in Naples during the 1950s. Emerging trends are increasing the appeal of Skin Care, bolstering already strong category dynamics. Fabrizio Freda is President/CEO at Estee Lauder Cos Inc. See Fabrizio Freda's compensation, career history, education, & memberships. In this role, he is responsible for developing and achieving the Company’s overall vision, strategy, financial objectives and investment priorities. A climate milestone: The Estée Lauder Companies achieves Net Zero emissions and 100% renewable electricity for its direct operations. The Estée Lauder Companies Inc. (NYSE:EL) Q1 2021 Earnings Conference Call November 02, 2020 09:30 AM ET Company Participants Rainey Mancini - SVP, IR Fabrizio Freda - … Overall, fiscal 2020 was truly a year without parallel: a dramatic tale of two halves. We use cookies to ensure our website works properly, and to collect statistics to provide you with the best experience. We continue to believe that strong consumer demand for our high-quality products remains, despite the ongoing challenges and disruptions related to the global pandemic. Fabrizio Freda, recently appointed ceo of the Estée Lauder Cos., reveals his sweeping vision for transforming the prestige player into a global powerhouse. Cautionary Note Regarding Forward-Looking Statements. We are committed to doing more as allies at our company and in our communities, and I encourage you to read more about our specific actions and progress here. Such statements may address our expectations regarding sales, earnings or other future financial performance and liquidity, other performance measures, product introductions, entry into new geographic regions, information technology initiatives, new methods of sale, our long-term strategy, restructuring and other charges and resulting cost savings, and future operations or operating results. From 1986 to 1988 he directed marketing and strategic planning for Gucci SpA. The Fiscal 2020 Year-in-Review materials contain references to the following non-GAAP financial measures: constant currency, adjusted net earnings and adjusted diluted earnings per share. Fabrizio Freda is President and Chief Executive Officer, The Estée Lauder Companies, a position he assumed on July 1, 2009. As much as the world has changed in the past year, so much of what makes The Estée Lauder Companies exceptional has remained true. Alongside ingredients-focused initiatives, the company launched Sustainable Packaging Guidelines for its package developers and procurement teams, an important step toward the goal of making 75-100 percent of packaging recyclable, refillable, reusable, recycled or recoverable by the end of calendar 2025. The Estée Lauder Companies' Message from Fabrizio Freda. To facilitate our ability to change and quickly capitalize on areas of opportunity, we have a dedicated strategic program and cross-functional team focused solely on Transformation. During fiscal 2020, our Transformation capability generated significant results across our business, enabling us to build on growth opportunities across categories, geographies, channels and consumer segments with agility and speed. In this new position, Jane is leading our company-wide strategy to build our data-empowered, digitally-directed priorities to accelerate growth, while driving breakthrough brand marketing and creative by optimizing our vast and valuable data and integrating our analytic capabilities. Innovation is fundamental to our strategy, and despite the challenges in late fiscal 2020, new products once again represented over 25 percent of sales for the fiscal year. Most recently he exercised 117,239 units of EL stock worth $7,891,357 on 11 November 2020.. President and CEO Fabrizio Freda describes the achievement as “a new level of ambition and dedication to climate action,” as the beauty company sets even more ambitious climate targets for the next decade. At the same time, important social and racial justice movements are having a meaningful impact across the globe, and we are deeply committed to doing more to facilitate a culture of equity, inclusion and belonging within our company and our communities. Our continued outperformance yielded strong global prestige beauty share gains, and we were well on our way to a third fiscal year of double-digit sales and adjusted EPS growth. There is no doubt that we are living and working in a moment unlike any other, and yet, we have never been more confident in our strategy and our diversified portfolio of brands. In fiscal 2020, we delivered net sales of $14.3 billion, adjusted net earnings of $1.5 billion and adjusted diluted earnings per share of $4.12. William, our entire leadership team and I are committed to doing the enduring work necessary to make equity a reality at The Estée Lauder Companies. Despite some bright spots, particularly our agile shift to Online, we have seen challenges broadly across several areas of our business during this time. As Online has quickly grown, we are moving to more aggressively adjust our brick-and-mortar footprint and more closely align with how and where the consumer wants to shop. The strategy includes prioritizing resources to the most promising opportunities, making further investments in consumer knowledge, driving innovation and creativity through products and services, and expanding the Company’s distribution and geographic penetration. Patrick McMullan via Getty Image. Notably, these include declining net sales in The Americas and our Europe, the Middle East & Africa regions, reflecting very difficult environments. This information is according to proxy statements … Of this total $1,833,333 was received as a salary, $2,445,250 was received as a bonus, $4,375,020 was received in stock options, $8,750,030 was awarded as stock and $246,862 came from other types of compensation. FABRIZIO FREDA President and Chief Executive Officer The Estée Lauder Companies Fabrizio Freda is President and Chief Executive Officer, The Estée Lauder Companies, the global leader in prestige beauty. President and CEO Fabrizio Freda describes the achievement as “a new level of ambition and dedication to climate action,” as the beauty company sets even more ambitious climate targets for the next decade. He joined the company in March 2008 as President and Chief Operating Officer. Innovation is also expected to play a vital role in fiscal 2021, powering the engines of the moment and of the future. We remain focused on the safety and well-being of our employees, their families and our consumers as this pandemic continues to have an impact in both the short and long term. Mr. Freda is a strategically focused, financially disciplined, results-oriented leader with a proven track record in the consumer products arena. His last position at P&G was President, Global Snacks, where he restructured the business, orchestrated its successful turnaround and managed employees, factories and research and development centers around the world. Why … We recognize the importance of the decisions we make for our employees, our consumers, our communities, our retailers and our environment at this time, and we are confident that our thoughtful approach will help set the stage for strong growth going forward. Despite the ongoing challenges of the current environment, we remain steadfast in delivering progress against our citizenship and sustainability strategy, goals and targets. Our targeted investments help us reach more consumers who are spending increasingly more time on our sites, resulting in incredibly strong conversion rates. www.vbprofiles.com is now www.topionetworks.com. In constant currency, net sales declined 3 percent, and adjusted diluted earnings per share decreased 22 percent to $4.16. Fabrizio has made over 54 trades of the Estee Lauder Cos stock since 2011, according to the Form 4 filled with the SEC. Fragrance sales also accelerated, reflecting growing consumer desire for our portfolio of luxury and artisanal fragrances. By Molly Prior and Pete Born on May 8, 2009 While we consider the non-GAAP measures useful in analyzing our results, they are not intended to replace, or act as a substitute for, any presentation included in the consolidated financial statements prepared in conformity with U.S. GAAP. He will be succeeded by Gibu Thomas, who will assume the role of President, ELC Online, effective November 16, 2020. In fiscal 2020, the company’s growing renewable energy portfolio expanded with new, on-site solar projects and the execution of a virtual purchase power agreement (VPPA) for a wind farm in Oklahoma. President and Chief Executive Officer Fabrizio Freda outlined the goals which will allow the company to continue to advance its legacy of responsible corporate citizenship. Now more than ever, the importance and urgency of this work is clear for our business, our communities and our planet. Find out more about how we use cookies and how to manage your settings. Fabrizio Freda is President and Chief Executive Officer, The Estée Lauder Companies, a position he assumed on July 1, 2009. The Estée Lauder Companies Inc. (EL) CEO Fabrizio Freda on Q1 2021 Results - Earnings Call Transcript SA Transcripts Nov. 02, 2020 4:26 PM ET Horizon … Fabrizio Freda, President and Chief Executive Officer, The Estée Lauder Companies, has been named to the highly prestigious Barron’s list of the World’s Best CEOs in 2018. Mr. Freda also spent more than a decade in positions of increasing responsibility in the Health and Beauty Care division at P&G. A climate milestone: The Estée Lauder Companies achieves Net Zero emissions and 100% renewable electricity for its direct operations. Our ability to identify growth segments and trends across categories, geographies and consumer segments allows us to maximize value by delivering innovative, high-quality products and experiences. Our powerful roster of Skin Care products and brands, including Estée Lauder's Advanced Night Repair, Clinique’s Moisture Surge, La Mer’s Crème de la Mer and Dr. Jart+’s Teatreement™, positions us well to support continued growth in this category. Mr. Freda is a member of the Company’s Board of Directors. In this role, Mr. Freda was a key architect of the Company’s long-term strategic plan, which is focused on gaining market share in the global prestige beauty industry and generating sustainable, profitable growth. In 2013, Mr. Freda was appointed to the Advisory Board of the Global Business Initiative at Georgetown University’s McDonough School of Business. Nearly 10,000 employees participate in learning opportunities offered each year, including development and training programs, and even more have access to resources and education platforms that enhance their knowledge and experience. We look forward to providing you with even more cutting-edge market research, as Topio Networks. 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