New structure announced at Estee Lauder

4-Oct-2002

Estée Lauder has announced that group president William Lauder will become chief operating officer

In a series of related moves, the company also named Philip Shearer as group president for Clinique, Origins and Online. Cedric Prouve moves to group president international and Christopher Wood is appointed to the position of president and general manager of The Estée Lauder Companies' affiliate in Japan. William Lauder will report to the company's president and ceo Fred Langhammer. All of the appointments are effective January 1 2003.

In his new position Prouve - who has been president and general manager of The Estée Lauder Companies' Japanese affiliate since 2000 - will be responsible for sales and profits for the company in all markets outside of North America and for all activities of its sales affiliates and distributor relationships worldwide. He will also oversee Estée Lauder's travel-retail business reporting directly to William Lauder.

Lauder commented: "Cedric brings a keen understanding of the strategic balance between strong global brands and the expert application of localised marketing and sales initiatives to his new role as group president international."

Dan Brestle - currently group president in charge of the company's portfolio of speciality brands, Ed Straw - president of global operations, Cedric Prouve in his new role as group president international, Andrew Cavanaugh - senior vice president of global human resources and Ken Stone - vice president of retail store development will all report to Willliam Lauder. Philip Shearer presently group president international will become group president for The Estée Lauder Companies, succeeding William Lauder.

 

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(15-Oct-2002) - Estée Lauder Companies group president William Lauder is to take over as chief operating officer as part of a company restructure.