Estée Lauder Says President & CEO Fabrizio Freda Informed Board Of His Intention To Retire At End Of FY25
Portfolio Pulse from Benzinga Newsdesk
Estée Lauder's President & CEO Fabrizio Freda has announced his intention to retire at the end of FY25. The Board is advanced in its CEO succession planning, considering both internal and external candidates. Freda will continue to lead the company until a successor is appointed and will assist in the transition process.
August 19, 2024 | 10:32 am
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Estée Lauder's CEO Fabrizio Freda has announced his intention to retire at the end of FY25. The Board is advanced in its CEO succession planning, considering both internal and external candidates. Freda will continue to lead the company until a successor is appointed and will assist in the transition process.
The announcement of a CEO's retirement can create uncertainty, but the well-advanced succession planning and Freda's continued leadership until a successor is appointed should mitigate immediate concerns. The impact on stock price is likely neutral in the short term.
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