Estee Lauder announces organizational redesign
NEW YORK — Estée Lauder — whose brands include American Beauty, Flirt!, Aveda and Origins — has announced an organizational restructuring that includes the expansion in the number of group presidents.
Specifically, under the enhanced organizational design, the company will expand its number of group presidents, from two to four, adding two new senior positions to top management. The company will also further realign its brands to leverage additional innovations and strategic synergies, increasing its ability to become even more locally relevant and ensuring sharp focus on the greatest opportunities globally, the beauty company stated.
Key highlights of the reorganization, effective Jan. 1, 2013, include the following:
Thia Breen has been named to the new position of group president North America. Breen will oversee both the United States and Canadian affiliates, to further drive growth in these markets.
Lynne Greene has been named to the new position of group pesident, continuing to oversee the Clinique, Origins and Ojon global brands, with the addition of the Aveda and Darphin brands. Greene also will join the company’s Investment and Development Committee to help guide global M&A strategy.
Breen and Greene will continue to report to president and CEO Fabrizio Freda.
The company also announced the realignment of several global brand positions and increased responsibilities of other leaders in the company.
“We owe the success of our company to our great leaders and people. The redesign we are announcing today expands the roles of several of our most senior executives and positions our company for sustained profitable growth. I am confident that given their new responsibilities, this team will continue to deliver superior results, further inspiring and motivating our dynamic culture,” stated executive chairman William P. Lauder.