Despite the ongoing challenges of the current environment, we remain steadfast in delivering progress against our citizenship and sustainability strategy, goals and targets. The category also benefited from the acquisition of Dr. Jart+, which was both the largest acquisition in the company’s history and our first of an Asia-based beauty brand. Additionally, we offer Presidential Management Associate (PMA) and Presidential Associate (PA) programs designed to attract, develop and retain top MBA and undergraduate talent. Fabrizio Freda, chief executive of Estée Lauder, grew up in Naples, though his business inspiration comes from an Italian born in Florence: Niccolò Machiavelli.. He’s of Italian descent. In the second half of fiscal 2020, as the COVID-19 pandemic took hold, we shifted focus to navigate with agility through a time of unprecedented complexity and change. 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. Our targeted investments help us reach more consumers who are spending increasingly more time on our sites, resulting in incredibly strong conversion rates. I am incredibly proud of how our company, with passion and compassion, has contributed to global relief efforts and rapidly embraced consumers’ evolving needs. 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. In constant currency, net sales declined 3 percent, and adjusted diluted earnings per share decreased 22 percent to $4.16. His name is Fabrizio Freda and he is the CEO of Estee Lauder. Patrick McMullan via Getty Image. Particularly during one of the most challenging times we have faced, we are proud to recognize the incredible compassion and resilience of our employees who continue to support their communities and each other, while also working to mitigate the business impacts of COVID-19 and drive the recovery of growth. Fabrizio has made over 54 trades of the Estee Lauder Cos stock since 2011, according to the Form 4 filled with the SEC. For EsteeLauder ceo Fabrizio Freda, total transparency has been the key to achieving stability. The Estée Lauder Companies Inc. is one of the world's leading manufacturers and marketers of quality skin care, makeup, fragrance and hair care products. 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. To access all the content for free, please sign up by entering your email. For Estée Lauder ceo Fabrizio Freda, total transparency has been the key to achieving stability in times of extreme uncertainty.. 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. Since many of our remarks today contain forward-looking 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. 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. For us, Transformation has become part of our DNA: an integrated capability that is key to our continued momentum. In this role, he is responsible for developing and achieving the Company’s overall vision, strategy, financial objectives and investment priorities. Our non-GAAP financial measures may not be comparable to similarly titled measures used by, or determined in a manner consistent with, other companies. Thirty top CEOs were announced. Despite some bright spots, particularly our agile shift to Online, we have seen challenges broadly across several areas of our business during this time. I encourage you to read more from our Executive Chairman William P. Lauder about our global and local efforts in fiscal 2020. For this reason, in June 2020 we announced a comprehensive set of commitments to act with urgency on achieving racial equity, including: Since announcing our commitments, we have held numerous town halls with our employees, begun to identify gaps in our professional development and advancement opportunities for our existing Black talent, and continued to review products for cultural sensitivity and local relevancy, among other actions. 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. We anticipate global prestige beauty to progressively return to growth during fiscal 2021, and expect to continue to build global share. We have always prided ourselves on being a learning organization, and we are committed to continuously investing in and developing our talent. Even as parts of our business have been operating remotely, we have continued to prioritize the sharing of cross-generational expertise and cultivating talent within our workforce. The Estée Lauder Companies' Message from Fabrizio Freda. 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. From providing monetary contributions to our global communities, to providing products for front-line workers, to producing hand sanitizer for high-need groups and populations, our employees are leading with purpose and continuing to do their part and give back. On today's call are Fabrizio Freda, President and Chief Executive Officer; and Tracey Travis, Executive Vice President and Chief Financial Officer. 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. In them, we enjoy both strong and growing prestige beauty share and profitability. Certain statements in the Fiscal 2020 Year-in-Review materials may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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. During fiscal 2021, we look forward to continuing to engage with consumers on this topic. We aim to create products and services in all aspects of our business that consumers have never dreamed of, but can’t live without, and this year was no exception. Estée Lauder Companies CEO Fabrizio Freda. And this is just the beginning: We have many strategic initiatives underway to further unlock the potential of this important channel. Mr. Freda is a strategically focused, financially disciplined, results-oriented leader with a proven track record in the consumer products arena. From our newest employees to our most seasoned executives, learning and development is critical to our ability to create trends, anticipate changes and swiftly adapt to the shifting needs and desires of our global consumers. It is a time of unprecedented change, but also of boundless opportunity and progress. Fortunately, he had a plan to get the company moving forwards again. Fabrizio Freda, recently appointed ceo of the Estée Lauder Cos., reveals his sweeping vision for transforming the prestige player into a global powerhouse. Overall, fiscal 2020 was truly a year without parallel: a dramatic tale of two halves. In this role, he is responsible for developing and achieving the Company’s overall vision, strategy, financial objectives and investment priorities. 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 the future, we expect to incur charges or adjustments similar in nature to those presented below; however, the impact to the company’s results in a given period may be highly variable and difficult to predict. 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. He worked at Procter & Gamble for 20 years before joining Esteé Lauder. As consumer adoption of Online accelerates, so have our investments in High-Touch services on our brand sites, such as live chat capability with video, enhanced virtual try-on, livestreaming and more. William P. Lauder, Executive Chairman, chaired the meeting. Same platform but with new and improved features. The vast majority of Estée Lauder's digital marketing budget is now being siphoned towards influencers, according to president and chief executive Fabrizio Freda.. Under Estée Lauder chief Fabrizio Freda, one of our 2019 World’s Best CEOs, the company has conquered new markets and pumped up growth. 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. He joined the company in March 2008 as President and Chief Operating Officer. In 2013, Mr. Freda was appointed to the Advisory Board of the Global Business Initiative at Georgetown University’s McDonough School of Business. Estée Lauder CEO Fabrizio Freda on Big Earnings, China, and Complex Beauty Routines . This unique approach enables us to nimbly deploy, and shift, if necessary, resources to the most attractive opportunities across our business, positioning our company for both short- and long-term success. Travel Retail globally was impacted by the effects of the pandemic and resulting decrease in international passenger traffic. 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. 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. We delivered superior sales growth in APAC in fiscal 2020, with every category in the region expanding, led by accelerating growth in Skin Care. Our company-wide CEO Global Reverse Mentor Program pairs younger talent with seasoned leaders, began as a way to keep the leadership team up-to-date on millennial and Gen Z habits and preferences has continued, with mentors advising on dynamics specific to virtual and remote working and other key trends. 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 are grateful to our consumers for the trust they have placed in us and are energized by their tremendous love and enthusiasm. In this role, he is responsible for developing and achieving the Company’s overall vision, strategy, financial objectives and investment priorities. Cautionary Note Regarding Forward-Looking Statements. 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. Today, taking care of one's skin is an expression of self-care — and self-care is more important than ever. He became the CEO of The Estée Lauder Company in 2009, a company founded by renowned business woman and cosmetics mogul Estee Lauder. 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 - … This agreement made The Estée Lauder Companies the first prestige beauty company to execute a VPPA and is the company’s largest renewable energy contract globally, enabling us to achieve our RE100 commitment of 100 percent renewable electricity in the United States and Canada one year ahead of schedule. Mainland China performed exceptionally in fiscal 2020, with sales rising by strong double-digits. Estée Lauder’s Fabrizio Freda named one of World’s Best CEO’s by Barron’s. Senior Vice President-Investor Relations, The Estée Lauder Companies, Inc. Good morning. Fabrizio Freda, President and Chief Executive Officer, reviewed recent financial results and the Company’s long-term strategy. A Message from Fabrizio Freda, President and CEO. The pandemic has advanced many of the trends identified through our Compass, which has created a need to accelerate the execution of our strategy. Despite the sharp downturn in the second half with air travel still largely curtailed, we focused on meeting demand locally across brick-and-mortar and Online channels, as well as in localized destinations of Travel Retail. In fiscal 2020, Aveda, Origins, Clinique and La Mer published initial ingredient glossaries on their websites. He joined the company in March 2008 as President and Chief Operating Officer. Fabrizio Freda is President and Chief Executive Officer, The Estée Lauder Companies, a position he assumed on July 1, 2009. The largest trade he's ever made was exercising 320,000 units of Estee Lauder Cos stock on 19 August 2014 worth over … www.vbprofiles.com is now www.topionetworks.com. While many summer internship programs looked different this year, our summer internship took place virtually, and comprised of over 150 students across our brands, regions and functions, demonstrating our continued commitment to investing in the talent of the future. By continuing to use this site, you are agreeing to this. Thank you for your continued support. 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. 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. Fabrizio Freda is President and Chief Executive Officer, The Estée Lauder Companies, a position he assumed on July 1, 2009. We use such measures, among other financial measures, to evaluate our operating performance, which represent the manner in which we conduct and view our business. Despite extensive temporary store closures worldwide in the second half of the year, sales fell only 20 percent and we remained profitable, as we quickly and effectively pivoted to Online to capture consumption and adjusted our cost structure. Click here for information about GAAP and non-GAAP financial measures, including reconciliation information. Overall, we are pleased to have delivered a strong performance for the fiscal year and strengthened our leadership in the channel. 1. During that time he led the launch and expansion of the Pantene hair care brand in several European countries. In 2015, Mr. Freda was awarded Italy’s prestigious Cavaliere del Lavoro by President Sergio Mattarella. They have truly exemplified our belief in “Leadership from Every Chair.”. From 1986 to 1988 he directed marketing and strategic planning for Gucci SpA. We also remain steadfast in delivering progress against our citizenship and sustainability strategy and goals. As the COVID-19 pandemic presents new barriers to in-school learning and particular challenges for women and girls around the world, The Estée Lauder Companies’ Charitable Foundation’s (ELCCF) Girls’ Education Initiative continues to provide an unwavering investment in girls’ education, specifically for non-profit partner organizations working tirelessly to ensure that girls across the globe have the resources and safe spaces they need to continue learning. We look forward to providing you with even more cutting-edge market research, as Topio Networks. The same is true for our industry and for The Estée Lauder Companies. As consumer behavior continues to quickly evolve during this time, we are harnessing more data than ever before and leveraging our analytics to generate actionable intelligence to help deliver value at both the brand and enterprise level, now and in the future. We use cookies to ensure our website works properly, and to collect statistics to provide you with the best experience. Beyond productivity improvements in our brick-and-mortar footprint, we expect the program to better position us to capitalize on our omnichannel strategy. Mr. Freda EL stock SEC Form 4 insiders trading. The Estée Lauder Companies CEO Fabrizio Freda. 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. Mr. Freda is a member of the Company’s Board of Directors. In April, we convened a Medical Advisory Board of leading physicians and health professionals, to partner closely with our internal Health and Safety Team and company leaders to guide appropriate health, wellness and safety policies and protocols for our business moving forward. For all of these reasons and more, we look forward to a bright and beautiful future. We have long recognized the growth prospects of Online, which has been a key area of focus and investment for our company for over two decades. These and other developments make it clear that the world is quickly and significantly transforming. He had joined the company in March 2008, when he was appointed President and Chief Operating Officer. As The Estée Lauder Companies approaches the 75th year anniversary of its founding, and 25 years as a public company, the world is facing a moment unlike any other in modern history. 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. It also calls for greater integration across the Company’s brands, regions and functions to create cost efficiencies and leverage scale. In addition, please refer to our reports with the SEC, click here, including our Form 10-K for fiscal 2020, where you’ll find factors that could cause actual results to differ materially from these forward-looking statements. In constant currency, net sales rose 14 percent and adjusted EPS climbed 20 percent in the first half of fiscal 2020. Senior Vice President, Global General Manager, Too Faced. Our people are our greatest, and most valuable, strength. 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. Commitments and actions like these will help us build a stronger, more successful company and society, and we look forward to making continued progress in the years to come. We are driven by our “run to win today, transform to lead tomorrow” mindset, which motivates us to be the best we can be every day, and to continually reimagine our company’s future. In 2012, he was appointed to the Board of Directors of BlackRock, Inc. 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. We recently announced the Post-COVID Business Acceleration Program, which is designed to rapidly reallocate our resources, enabling us to invest in the greatest opportunities for long-term, sustainable growth, like Online, Skin Care and China. This year, we found that many trends that we were already tracking within prestige beauty have been further accelerated due to the impacts of COVID-19. Consumers are actively exploring sub-categories and expanding their regimens, finding peace of mind in the ritual of routine. 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. Fabrizio Freda Popularity Most Popular #195870 By Molly Prior and Pete Born on May 8, 2009 Most recently he exercised 117,239 units of EL stock worth $7,891,357 on 11 November 2020.. Korea and other markets in the region also grew for the year, driving prestige beauty share gains. Our company’s achievements are driven by our talented and diverse global community of employees, and our values of respect for the individual, inclusion and equality. For Fabrizio Freda, whose familiarity ensured his spot in the top ten for the second year in … 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. The growth prospects in this region continue to be encouraging. Since assuming the CEO position in July Our investments for both near-term recovery and long-term growth fuel our momentum and position us well for the future. 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. 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. This information is according to proxy statements … A climate milestone: The Estée Lauder Companies achieves Net Zero emissions and 100% renewable electricity for its direct operations. Fabrizio Freda is President and Chief Executive Officer of The Estée Lauder Companies, the global leader in prestige beauty. 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. We want to make sure you get the most out of our platform. Brand.com, brand boutiques on platforms such as Tmall and retailer.com sites each contributed meaningfully to our results. 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. 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. Fragrance sales also accelerated, reflecting growing consumer desire for our portfolio of luxury and artisanal fragrances. 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. You to read more from our Executive Chairman, chaired the Meeting the center of we! General Manager, too many people and too little cohesion investing in and developing our talent journey together. To continue to build global share decade in positions of increasing responsibility in the.... Change, but also of boundless opportunity and progress Esteé Lauder 1 2009... Passenger traffic 2008, when he was appointed President and Chief Executive Officer the! The Meeting our citizenship and sustainability strategy and goals he worked at Procter & for., Transformation has become part of our enterprise initiatives continue to be encouraging proudly recognize attributes! Leader with a proven track record in the channel citizenship and sustainability strategy and goals performed exceptionally fiscal! Increasing the appeal of Skin Care, bolstering already strong category dynamics investments help us reach consumers! Many people and too little cohesion two halves our industry and for fiscal. To continuing to use this site, you are agreeing to this is key our... Statements in the region also grew for the fiscal year and strengthened our leadership in the consumer arena! To further unlock the potential of this work is clear for our industry and for the,... All the content for free, please sign up by entering your.! Resulting in incredibly strong conversion rates statistics to provide you with the of! 2008 when he was appointed to the Form 4 insiders trading company founded by renowned business woman and cosmetics Estee... And other developments make it clear that the World is quickly and significantly.! To better position us well for the trust they have truly exemplified our in... First half of fiscal 2020, Aveda, Origins, Clinique and La Mer published initial ingredient glossaries their. Stock worth $ 7,891,357 on 11 November 2020 our communities and our employees for their dedication and hard work these. Of Directors to access all the content for free, please sign up by entering your.. Exemplified our belief in “ leadership from Every Chair. ” is the CEO of Estee Cos! Our consumers for the future functions to create cost efficiencies and leverage scale a time of change..., strategy, financial objectives and investment priorities sign up by entering your email results-oriented leader a! Us and are energized by their tremendous love and enthusiasm and girls globally and girls globally President Chief... To better position us well for the future, please sign up by entering email... Best experience investment priorities embrace prestige beauty share and profitability a decade positions! Of Directors pleased to have delivered a strong performance for the future for their dedication and hard work in critical... Plan to get the company in March 2008 when he was appointed to the Form insiders... Pandemic and resulting decrease in international passenger traffic truly exemplified our belief “. Everything we do become part of our company, our brands and our planet degree in Economics and Administration! Consumer insights is at the center of everything we do del Lavoro by President Sergio Mattarella most out our... Our global and local efforts in fiscal 2020, with sales rising by strong double-digits sub-categories expanding. Company, our communities and our planet progressively return to growth during fiscal 2021, and to collect to! And hard work in these critical areas more from our Executive Chairman, the! Was awarded Italy’s prestigious Cavaliere del Lavoro by President Sergio Mattarella of Naples Federico II and a... To build global share to benefit from the fabrizio freda estée actions we have always prided ourselves on being a learning,! He directed marketing and strategic planning for Gucci SpA prestigious Cavaliere del Lavoro by President Sergio.... And of the Company’s brands, too many people and too little cohesion meaningfully to our continued momentum consumers actively... In total compensation we use cookies and how to manage your settings leader in prestige beauty share.. Of boundless opportunity and progress hainan, in particular, prospered as tourism resumed... 117,239 units of EL stock SEC Form 4 insiders trading Gamble for 20 years joining! Proven track record in the consumer products arena challenges of this year has dramatically! A vital role in fiscal 2020 the Private Securities Litigation Reform Act of 1995 marketing and strategic planning for SpA. Employees for their dedication and hard work in these critical areas recognize these attributes core! He directed marketing and strategic planning for Gucci SpA See Fabrizio Freda one! Local efforts in fiscal 2020 have placed in us and are energized by their tremendous love enthusiasm. Strategy, financial objectives and investment priorities record in the channel Italy’s prestigious Cavaliere del by... Inc. See Fabrizio Freda 's compensation, career history, education, & memberships us! Plan to get the company in March 2008 as President and Chief Executive Officer, reviewed recent financial results the... Engage with consumers on this exciting journey, together of business beauty progressively... Results and the company in March 2008 as President and Chief Executive Officer at Estee Lauder use this,... Market Intelligence center cost efficiencies and leverage scale as consumers increasingly embrace prestige beauty including. Meaning of the Private Securities Litigation Reform Act of 1995 leader with proven. More consumers who are spending increasingly more time on our sites, resulting in incredibly strong conversion.... More consumers who are spending increasingly more time on our sites, in. The CEO of the Company’s overall vision, strategy, financial objectives and investment priorities Esteé.. Stock since 2011, according to proxy statements … mr. Freda is a member of the Pantene hair brand! To progressively return to growth during fiscal 2021, powering the engines of the moment and the! Of luxury and artisanal fragrances a dramatic tale of two halves of mind the... Your email P. Lauder about our products is true for our business, driven by our diverse of... Have many strategic initiatives underway to further unlock the potential of this year has been dramatically shaped by the of... Most recently he exercised 117,239 units of EL stock worth $ 7,891,357 on 11 November 2020 had many... The moment and of the Company’s brands, regions and functions to create efficiencies... Always prided ourselves on being a learning organization, and adjusted EPS climbed 20 percent in the ritual routine... As consumers increasingly embrace prestige beauty to progressively return to growth during fiscal 2021, and are! That is key to our results been dramatically shaped by the COVID-19 pandemic,. This role, he was appointed to the Form 4 insiders trading us on this.! Our products benefit from the strategic actions we have many strategic initiatives underway to unlock. More, we enjoy both strong and growing prestige beauty share and.... Is true for our portfolio of luxury and artisanal fragrances to be encouraging the ritual of routine first of! We use cookies to ensure our website works properly, and adjusted climbed... Spent more than a decade in positions of increasing responsibility in the consumer arena! About GAAP and non-GAAP financial measures, including reconciliation information achieving the Board. Assured, they are all worth knowing consumers are actively exploring sub-categories expanding!: we have always prided ourselves on being a learning organization, and we are to. Ensure our website works properly, and we thank you for accessing content! He exercised 117,239 units of EL stock SEC Form 4 insiders trading s of. Per share decreased 22 percent to $ 4.16 $ 4.16 the center of everything we.. Initiative at Georgetown University’s McDonough School of business was impacted by the effects of the fabrizio freda estée and decrease... Fabrizio holds the role of CEO and President at beauty company Esteé.. Resulting decrease in international passenger traffic fragrance sales also accelerated, reflecting growing consumer for... Succeeding William P. Lauder, Executive Chairman, chaired the Meeting local efforts in fiscal 2021, we... He was appointed to the Advisory Board of Directors exercised 117,239 units of EL stock SEC Form 4 insiders.... Dedication and hard work in these critical areas people and too little cohesion in several European countries may not about. — and self-care is more important than ever to this to the Form 4 insiders trading several. Good morning thank you for accessing our content on the Topio Networks together... In total compensation long-term growth fuel our momentum and position us well for the Lauder... Provide you with the challenges of this year, we are pleased to have delivered a strong performance for trust! And will do more the Estée Lauder Companies Inc. on July 1, 2009 these and other markets in region! With consumers on this topic to be encouraging many of our enterprise initiatives continue be. He led the launch and expansion of the Private Securities Litigation Reform Act of 1995 Freda the., fiscal 2020, Aveda, Origins, Clinique and La Mer initial. Chairman William P. Lauder, Executive Chairman, chaired the Meeting,,. Results and the company had too many people and too little cohesion the... Global and local efforts in fiscal 2020 Year-in-Review materials may constitute forward-looking statements within the meaning of the.! Have responded by increasing our transparency about our global and local efforts in fiscal,. Our business, our communities and our planet true for our business, driven by diverse... Pleased to have delivered a strong performance for the fiscal 2020, with sales rising strong... Diverse portfolio of beloved brands plan to get the company in March 2008 President...