Estée Lauder(US:EL) The Motley Fool·2024-10-28 22:57Core Viewpoint - Estée Lauder's stock rose nearly 2% following reports of a new CEO selection, indicating positive market sentiment regarding the leadership change [1]. Group 1: Leadership Change - Estée Lauder's board has reportedly selected Stéphane de la Faverie as the new CEO, replacing Fabrizio Freda, who has held the position since 2009 and announced his retirement earlier this year [2]. - The Lauder family was divided on the CEO succession, with some preferring an insider and others favoring an external candidate, as well as differing opinions on the urgency of the appointment [3]. Group 2: Insider Advantage - Stéphane de la Faverie has nearly 14 years of experience at Estée Lauder, which may allow for a smoother transition into the CEO role compared to an outsider who would require time to acclimate to the company's culture [5]. - The selection of an insider is seen as a relief for shareholders, as it avoids potential conflicts or complications associated with an external succession process [5].