Group 1: Executive Appointment - Estée Lauder Companies announced the appointment of René Lammers as Executive Vice President and Chief Research and Innovation Officer, effective October 1, 2025 [1] - Lammers will report directly to Stéphane de La Faverie, the Group President and CEO, and will be part of the executive team [1] - Prior to joining Estée Lauder, Lammers served as Executive Vice President and Chief Scientist at PepsiCo, managing a global R&D team of 3,000 employees [1] Group 2: Responsibilities and Strategic Focus - As Chief Research and Innovation Officer, Lammers will lead the strategic upgrade of Estée Lauder's global R&D innovation system [1] - His responsibilities include product and clinical innovation, scientific affairs, regulatory strategy, and upstream technology development for the brand portfolio [1] - Lammers aims to enhance high-end customized innovation through disruptive technologies and new scientific platforms, improving product efficacy, quality, safety, and sustainability [1] Group 3: Financial Performance - For the fiscal year 2025 (July 1, 2024, to June 30, 2025), Estée Lauder reported net sales of $14.33 billion, a year-over-year decline of 8% [2] - The company recorded a net loss of $1.13 billion [2] - Sales in mainland China amounted to $2.741 billion, reflecting a 6% decrease year-over-year [2]