Leading Beauty Executive Advances in Role
- Estée Lauder Companies promotes Stéphane de La Faverie to group president
- La Faverie will continue as global brand president of Estée Lauder and Aerin
- He will report directly to Fabrizio Freda, president and CEO of Estée Lauder
- Responsible for Jo Malone London, Aramis, Designer Fragrances, Le Labo, Darphin, Lab Series, By Kilian, Editions de Parfums Frédéric Malle, Rodin Olio Lusso and Prescriptives
- La Faverie will oversee the company’s third brand cluster focused on artisanal and luxury fragrances
Estée Lauder Companies has promoted Stéphane de La Faverie to the position of group president. De La Faverie, who was named global brand president of Estée Lauder and Aerin in July 2016, will continue in his role as global brand president following the promotion. He will report directly to Fabrizio Freda, president and CEO of Estée Lauder, in his new position and will also continue to work alongside Jane Hertzmark Hudis, executive group president. In his new role, de La Faverie will be responsible for a portfolio of brands including Jo Malone London, Aramis, Designer Fragrances, Le Labo, Darphin, Lab Series, By Kilian, Editions de Parfums Frédéric Malle, Rodin Olio Lusso and Prescriptives. Freda praised de La Faverie’s expertise in leading brands, stating that his promotion reflects his excellent track record of building and leading global brands, as well as his understanding of local relevance. As group president, de La Faverie will oversee the company’s third brand cluster focused on artisanal and luxury fragrances.
Factuality Level: 10
Factuality Justification: The article provides accurate information about Stéphane de La Faverie’s promotion, his previous roles, and the responsibilities he will have in his new position. It also includes a quote from Fabrizio Freda that supports the decision to promote him.
Noise Level: 3
Noise Justification: The article provides relevant information about a promotion within a company, but lacks in-depth analysis or exploration of long-term trends or consequences. It does not offer actionable insights or new knowledge for the reader.
Financial Relevance: Yes
Financial Markets Impacted: Estée Lauder Companies’ stock price may be impacted by the promotion of Stéphane de La Faverie
Financial Rating Justification: The promotion of a key executive can potentially affect the company’s performance and its stock price in financial markets.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There are no extreme events mentioned in the article.
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