The Estée Lauder Cos. Taps PepsiCo’s René Lammers as Chief Research & Innovation Officer

Core Insights - The appointment of René Lammers as executive vice president and chief research and innovation officer is a strategic move to enhance Estée Lauder's R&D capabilities and align with consumer-centric innovation [1][4][5] Group 1: Executive Team and Leadership - Stéphane de La Faverie has completed his executive team with the appointment of René Lammers, who will report directly to him [1][6] - Lammers joins from PepsiCo, where he was responsible for global R&D, and has prior experience at Unilever [2][5] - Other key appointments in the executive team include Jane Hertzmark Hudis as chief brand officer, Tara Simon as president of The Americas, and Amber English as president of digital and online for The Americas [5] Group 2: Strategic Vision and Innovation - The company aims to create transformative innovation as part of its strategic vision, "Beauty Reimagined," with Lammers expected to elevate product development capabilities [4][5] - Lammers will oversee global R&D, focusing on product and clinical innovation, scientific affairs, regulatory strategy, and upstream technologies [4] - The emphasis on boosting innovation and speed is crucial, as analysts have noted a lack of meaningful new products as a barrier to the company's growth [5]