Consumers are actively exploring sub-categories and expanding their regimens, finding peace of mind in the ritual of routine. 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. 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. Currently, our vibrant Online business, broad exposure in Asia/Pacific (APAC) and robust Skin Care portfolio are the engines driving our growth. 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. Mr. Freda is a strategically focused, financially disciplined, results-oriented leader with a proven track record in the consumer products arena. William P. Lauder, Executive Chairman, chaired the meeting. 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. 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. We have always prided ourselves on being a learning organization, and we are committed to continuously investing in and developing our talent. 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. 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. 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. Our powerful roster of Skin Care products and brands, including Estée Lauder's Advanced Night Repair, Clinique’s Moisture Surge, La Mer’s Crème de la Mer and Dr. Jart+’s Teatreement™, positions us well to support continued growth in this category. They have truly exemplified our belief in “Leadership from Every Chair.”. Overall, we are pleased to have delivered a strong performance for the fiscal year and strengthened our leadership in the channel. Throughout the fiscal year, we generated growth in key areas of the business, driven by our diverse portfolio of beloved brands. Notably, these include declining net sales in The Americas and our Europe, the Middle East & Africa regions, reflecting very difficult environments. In 2015, Mr. Freda was awarded Italyâs prestigious Cavaliere del Lavoro by President Sergio Mattarella. Mr. Freda joined The Estée Lauder Companies in March 2008 when he was appointed President and Chief Operating Officer. At the same time, important social and racial justice movements are having a meaningful impact across the globe, and we are deeply committed to doing more to facilitate a culture of equity, inclusion and belonging within our company and our communities. And we thank you for joining us on this exciting journey, together. 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. Brand.com, brand boutiques on platforms such as Tmall and retailer.com sites each contributed meaningfully to our results. In this new position, Jane is leading our company-wide strategy to build our data-empowered, digitally-directed priorities to accelerate growth, while driving breakthrough brand marketing and creative by optimizing our vast and valuable data and integrating our analytic capabilities. 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. Freda Fabrizio holds the role of CEO and president at beauty company Esteé Lauder. 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. Mainland China performed exceptionally in fiscal 2020, with sales rising by strong double-digits. To access all the content for free, please sign up by entering your email. Patrick McMullan via Getty Image. As much as the world has changed in the past year, so much of what makes The Estée Lauder Companies exceptional has remained true. Mr. Freda attended University of Naples Federico II and holds a degree in Economics and Business Administration. Overall, fiscal 2020 was truly a year without parallel: a dramatic tale of two halves. 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. 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. We delivered superior sales growth in APAC in fiscal 2020, with every category in the region expanding, led by accelerating growth in Skin Care. Despite the ongoing challenges of the current environment, we remain steadfast in delivering progress against our citizenship and sustainability strategy, goals and targets. Now more than ever, the importance and urgency of this work is clear for our business, our communities and our planet. 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. Even with the challenges of this year, we are optimistic about the future. His last position at P&G was President, Global Snacks, where he restructured the business, orchestrated its successful turnaround and managed employees, factories and research and development centers around the world. In this role, Mr. Freda was a key architect of the Companyâs long-term strategic plan, which is focused on gaining market share in the global prestige beauty industry and generating sustainable, profitable growth. For Estée Lauder ceo Fabrizio Freda, total transparency has been the key to achieving stability in times of extreme uncertainty.. Our non-GAAP financial measures may not be comparable to similarly titled measures used by, or determined in a manner consistent with, other companies. 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. 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. A climate milestone: The Estée Lauder Companies achieves Net Zero emissions and 100% renewable electricity for its direct operations. Click here for Estée Lauder’s Fabrizio Freda named one of World’s Best CEO’s by Barron’s. 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. Since many of our remarks today contain forward-looking 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 are grateful to our consumers for the trust they have placed in us and are energized by their tremendous love and enthusiasm. As the best-diversified pure play in prestige beauty, our portfolio gives us many levers to drive the business, which is a crucial strength during this moment. The largest trade he's ever made was exercising 320,000 units of Estee Lauder Cos stock on 19 August 2014 worth over … Our targeted investments help us reach more consumers who are spending increasingly more time on our sites, resulting in incredibly strong conversion rates. Fabrizio Freda is President and Chief Executive Officer, The Estée Lauder Companies, a position he assumed on July 1, 2009. Over the last few months of fiscal 2020, the company, its charitable foundation, the Lauder family and our employees made donations and pledges to organizations around the world to help limit the spread of COVID-19 and ease the related hardships faced by the communities in which we live and work. The Estée Lauder Companies Inc. (EL) CEO Fabrizio Freda on Q1 2021 Results - Earnings Call Transcript SA Transcripts Nov. 02, 2020 4:26 PM ET Horizon … Fabrizio Freda is President/CEO at Estee Lauder Cos Inc. See Fabrizio Freda's compensation, career history, education, & memberships. This information is according to proxy statements … In them, we enjoy both strong and growing prestige beauty share and profitability. Fabrizio Freda: Leading for the Long-Term For Estée Lauder ceo Fabrizio Freda, total transparency has been the key to achieving stability in times … We want to make sure you get the most out of our platform. 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 of The Estée Lauder Companies, the global leader in prestige beauty. 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 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. To further strengthen these critical capabilities, Jane Lauder was appointed to the role of Enterprise Marketing and Chief Data Officer for the company in June 2020. Most recently he exercised 117,239 units of EL stock worth $7,891,357 on 11 November 2020.. For Fabrizio Freda, whose familiarity ensured his spot in the top ten for the second year in … Fragrance sales also accelerated, reflecting growing consumer desire for our portfolio of luxury and artisanal fragrances. I am incredibly proud of how our company, with passion and compassion, has contributed to global relief efforts and rapidly embraced consumers’ evolving needs. 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. Thank you for accessing our content on the Topio Networks Market Intelligence Center. Fabrizio Freda Popularity Most Popular #195870 He will be succeeded by Gibu Thomas, who will assume the role of President, ELC Online, effective November 16, 2020. Additionally, we offer Presidential Management Associate (PMA) and Presidential Associate (PA) programs designed to attract, develop and retain top MBA and undergraduate talent. Since assuming the CEO position in July From 1986 to 1988 he directed marketing and strategic planning for Gucci SpA. 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. 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. Click here for information about GAAP and non-GAAP financial measures, including reconciliation information. His name is Fabrizio Freda and he is the CEO of Estee Lauder. Fabrizio Freda is President and Chief Executive Officer, The Estée Lauder Companies, a position he assumed on July 1, 2009. Senior Vice President-Investor Relations, The Estée Lauder Companies, Inc. Good morning. 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. We are also continuing to cultivate our longstanding partnership with The Young Women’s Leadership Schools (TYWLS), a network of all-girls public schools aimed at helping at-risk youth reach their learning and leadership potential and attend college. Mr. Freda is a member of the Company’s Board of Directors. Fabrizio Freda, chief executive of Estée Lauder, grew up in Naples, though his business inspiration comes from an Italian born in Florence: Niccolò Machiavelli.. Fortunately, he had a plan to get the company moving forwards again. 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. He had joined the company in March 2008, when he was appointed President and Chief Operating Officer. We are deeply inspired by our employees’ resilience, creativity and spirit, and forever grateful for the countless ways they are making our company, and our world, a better place. 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. 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. The Estée Lauder Companies' Message from Fabrizio Freda. The intelligent use of data, analytics and consumer insights is at the center of everything we do. 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. In fiscal 2020, Aveda, Origins, Clinique and La Mer published initial ingredient glossaries on their websites. We also remain steadfast in delivering progress against our citizenship and sustainability strategy and goals. He’s of Italian descent. Mr. Freda is a member of the Companyâs Board of Directors. The Estée Lauder Companies Inc. (NYSE: EL) held its Annual Meeting of Stockholders today. It also calls for greater integration across the Companyâs brands, regions and functions to create cost efficiencies and leverage scale. He became the CEO of The Estée Lauder Company in 2009, a company founded by renowned business woman and cosmetics mogul Estee Lauder. Fabrizio has made over 54 trades of the Estee Lauder Cos stock since 2011, according to the Form 4 filled with the SEC. Estee Lauder saw its online business grow double digits last quarter during the coronavirus pandemic, CEO Fabrizio Freda told CNBC's Jim Cramer after the company reported its … The Estée Lauder Companies CEO Fabrizio Freda. He joined the company in March 2008 as President and Chief Operating Officer. For all of these reasons and more, we look forward to a bright and beautiful future. 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. Fabrizio Freda is President and Chief Executive Officer, The Estée Lauder Companies, a position he assumed on July 1, 2009. Prior to joining The Estée Lauder Companies, Mr. Freda had an outstanding 20-year career at Procter & Gamble (P&G), where he was responsible for various operating, marketing and strategic efforts. 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. 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. The vast majority of Estée Lauder's digital marketing budget is now being siphoned towards influencers, according to president and chief executive Fabrizio Freda.. Fabrizio Freda, president and CEO of The Estée Lauder Companies, discussed the challenges of leading a global cosmetics brand during an event hosted by the Georgetown Retail & Luxury Association (GRLA) and the Global Business Initiative (GBI) at Georgetown’s McDonough … 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. 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. Same platform but with new and improved features. When Italian-born businessman Fabrizio Freda became chief executive of the Estée Lauder luxury empire in 2009, he had a lot of work to do. In 2013, Mr. Freda was appointed to the Advisory Board of the Global Business Initiative at Georgetown Universityâs McDonough School of Business. Travel Retail globally was impacted by the effects of the pandemic and resulting decrease in international passenger traffic. And this is just the beginning: We have many strategic initiatives underway to further unlock the potential of this important channel. 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. Throughout this time of great uncertainty, I am incredibly proud of our employees’ ongoing commitments to living our company values by contributing to relief efforts and acting as leaders within their communities. He was appointed president and chief executive officer of The Estée Lauder Companies Inc. on July 1, 2009, succeeding William P. Lauder. 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. Many of our enterprise initiatives continue to focus on supporting women and girls globally. By Molly Prior and Pete Born on May 8, 2009 Our Skin Care business performed exceptionally well in fiscal 2020, with Estée Lauder, La Mer, TOM FORD BEAUTY, Origins, and Darphin driving growth organically. www.vbprofiles.com is now www.topionetworks.com. Senior Vice President, Global General Manager, Too Faced. 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. Estée Lauder Companies CEO Fabrizio Freda. During fiscal 2021, we look forward to continuing to engage with consumers on this topic. 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. We proudly recognize these attributes as core to our strength, while acknowledging that we can and will do more. Today, taking care of one's skin is an expression of self-care — and self-care is more important than ever. Korea and other markets in the region also grew for the year, driving prestige beauty share gains. Of this total $1,833,333 was received as a salary, $2,445,250 was received as a bonus, $4,375,020 was received in stock options, $8,750,030 was awarded as stock and $246,862 came from other types of compensation. 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, the global leader in prestige beauty. Fiscal 2020 marked the 27th Anniversary of our Breast Cancer Campaign, which has raised more than $89 million globally for lifesaving research, education and medical services. Why … These and other developments make it clear that the world is quickly and significantly transforming. He joined the company in March 2008 as President and Chief Operating Officer and assumed the CEO position in July 2009. Emerging trends are increasing the appeal of Skin Care, bolstering already strong category dynamics. Find out more about how we use cookies and how to manage your settings. 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. 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. Gibu will report directly to Fabrizio Freda, President and … 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. Our people are our greatest, and most valuable, strength. 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. Cautionary Note Regarding Forward-Looking Statements. 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. By continuing to use this site, you are agreeing to this. 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. The strategy includes prioritizing resources to the most promising opportunities, making further investments in consumer knowledge, driving innovation and creativity through products and services, and expanding the Companyâs distribution and geographic penetration. 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. As President and Chief Executive Officer at ESTEE LAUDER COMPANIES INC, Fabrizio Freda made $17,650,495 in total compensation. In this role, he is responsible for developing and achieving the Company’s overall vision, strategy, financial objectives and investment priorities. 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. Our investments for both near-term recovery and long-term growth fuel our momentum and position us well for the future. For us, Transformation has become part of our DNA: an integrated capability that is key to our continued momentum. We anticipate global prestige beauty to progressively return to growth during fiscal 2021, and expect to continue to build global share. 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. 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 - … Despite some bright spots, particularly our agile shift to Online, we have seen challenges broadly across several areas of our business during this time. During that time he led the launch and expansion of the Pantene hair care brand in several European countries. 1. 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 delivered excellent performance across sub-categories, due to strong repeat purchase rates, data and analytics-driven marketing, new social selling strategies developed during COVID-19, and product innovations that consumers love. We also took prudent and effective measures, financially and operationally, to protect the business. Innovation is also expected to play a vital role in fiscal 2021, powering the engines of the moment and of the future. 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. Beyond productivity improvements in our brick-and-mortar footprint, we expect the program to better position us to capitalize on our omnichannel strategy. 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. I encourage you to read more from our Executive Chairman William P. Lauder about our global and local efforts in fiscal 2020. Executive Vice President, Enterprise Marketing and Chief Data Officer, Senior Vice President, Global General Manager, Clinique, Executive Vice President and General Counsel, The Autonomous Vehicle Ecosystem Landscape. He worked at Procter & Gamble for 20 years before joining Esteé Lauder. Fabrizio Freda, President & CEO, Director at The Estée Lauder Companies (EL), has a 0.0% success rate when buying and selling stocks. Mr. Freda also spent more than a decade in positions of increasing responsibility in the Health and Beauty Care division at P&G. 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. 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. Our business continues to benefit from the strategic actions we have taken to position our company for recovery and sustainable, profitable growth. Mr. Freda EL stock SEC Form 4 insiders trading. 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. 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. 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