Estee Lauder names new CEO — passing over heiress Jane Lauder

Cosmetics giant Estee Lauder has picked senior executive Stéphane de La Faverie to take over as its CEO, the Wall Street Journal reported Monday, citing people familiar with the matter. In August, the company said CEO Fabrizio Freda was retiring next year and would remain as an advisor to his successor in fiscal year 2026. La Faverie is currently the executive group president at the company, with brands such as Estée Lauder, Jo Malone London, Le Labo and Kilian Paris under his portfolio. He joined the compa ...