Estée Lauder Cos. names new EVP, CFO
NEW YORK — The Estée Lauder Cos. — whose brand portfolio includes Bumble and Bumble, American Beauty, Aveda and La Mer — has appointed Tracey Travis as EVP and CFO.
She will jointly report to executive chairman William Lauder and Fabrizio Freda, president and CEO. Travis will assume her new position on Aug. 20.
Travis has worked for a number of Fortune 500 consumer product companies in a variety of industries during her career. Since 2005, Travis has been SVP and CFO of Ralph Lauren. Previously, she was SVP of finance and CFO of Intimate Brands for Limited Brands from 2001 to 2004. She also spent a decade at PepsiCo and the Pepsi Bottling Group, where she held operations management and finance roles. She began her career as an engineer and a senior financial analyst at General Motors Co.
Travis will succeed Richard Kunes, a 26-year veteran of the company. In August 2011, Kunes announced his plans to retire and stated his intention to continue to serve as EVP and CFO until such time as his successor began to serve in such capacity. Kunes will become EVP, senior adviser to the CEO, working on special projects and will assist Travis during a transition period.