NEW YORK - Thursday, January 28th 2016 [ME NewsWire]
(BUSINESS WIRE)-- Today The Estée Lauder Companies Inc. (NYSE:EL) announced three Executive Leadership Team promotions, effective January 1, 2016:
Stephane de la Faverie has been promoted to Global Brand President, Origins and Darphin. He will continue to report to Jane Hertzmark Hudis, Group President, The Estée Lauder Companies.
Beth DiNardo has been promoted to Global Brand President, Smashbox. She will continue to report to John Demsey, Executive Group President, The Estée Lauder Companies.
Daniel Rachmanis has been promoted to President, Latin America. He will continue to report to Cedric Prouvé, Group President, International, The Estée Lauder Companies.
“At The Estée Lauder Companies, we are proud to recognize the growth of our outstanding leaders and provide them with high-potential opportunities to further grow their careers and our business,” said Fabrizio Freda, President and Chief Executive Officer, The Estée Lauder Companies. “Stephane, Beth and Daniel have been integral in advancing the Company’s strategic initiatives across fast-growing markets, demographics and categories. Their well-deserved promotions reflect their diverse talents and strong abilities to continue leading their areas of business into the future.”
Stephane de la Faverie previously held the role of Senior Vice President/General Manager, Origins and Darphin, an appointment he assumed in April 2014. Mr. de la Faverie is widely recognized for his acumen in channel diversity, leading innovative retail and digital concepts for Origins that strategically expanded the brand’s reach with millennial consumers. Also known as a leader in skin care, Mr. de la Faverie has launched many coveted franchises and products, such as Origins Original Skin and Darphin 8-Flower Nectar Oil Cream, with great success. Under Mr. de la Faverie’s leadership since 2014, Darphin has accelerated and expanded global distribution and launched a new counter design in Asia/Pacific markets. Mr. de la Faverie has expanded Origins’ global reach by accelerating growth in China, opening varied retail models throughout Southeast Asia, Europe and Latin America, and fueling the specialty-retail business in North America. Mr. de la Faverie has been with The Estée Lauder Companies since 2011, when he joined the Company as Senior Vice President, Global General Manager, Aramis and Designer Fragrances.
Beth DiNardo was appointed Senior Vice President/Global General Manager, Smashbox following The Estée Lauder Companies’ acquisition of the brand in 2010. With Ms. DiNardo at the helm, Smashbox, the premiere L.A. photo studio-based makeup brand, has had impressive global growth, and now has a presence in 40 markets worldwide. Ms. DiNardo has strengthened Smashbox’s core equity with a focus on hero products, while spearheading new launches, trend leadership, and significantly growing the color business. Ms. DiNardo is a leader in merchandising and digital, and along with her team, has led Smashbox to receive multiple awards in the digital space. Additionally, Ms. DiNardo re-launched the legendary Smashbox Photo Studios, resulting in a state-of-the-art renovation and experience that support the brand’s DNA of creativity, community and collaboration. Before joining Smashbox, Ms. DiNardo held various global marketing leadership positions at the Company for brands such as Clinique and Darphin since 1997.
Daniel Rachmanis has led the Company’s expansion in Latin America since 2009, when he was named Senior Vice President, General Manger, Latin America and International Business Development. Mr. Rachmanis’ keen understanding of the diverse consumer base and retail dynamics has helped the Company triple sales in Latin America over the last five years to become the number one prestige beauty company in Latin America. Under his leadership, the Company’s growth in Latin America has included a shift to a retail distribution model, the launch of seven new brands and expansion into more than 30 key second-tier cities across 17 markets. Mr. Rachmanis joined The Estée Lauder Companies in 2007 as Senior Vice President, International Development/General Manager, BeautyBank.
“The long-term success of The Estée Lauder Companies is rooted in great brands and great people,” said William P. Lauder, Executive Chairman, The Estée Lauder Companies. “Stephane, Beth and Daniel have each demonstrated exemplary leadership throughout their respective distinguished careers and reflect the world-class talent and expertise that drive our Company’s sustainable growth.”
About The Estée Lauder Companies Inc.
The Estée Lauder Companies Inc. is one of the world’s leading manufacturers and marketers of quality skin care, makeup, fragrance and hair care products. The Company’s products are sold in over 150 countries and territories under brand names including: Estée Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, M•A•C, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Marni, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frédéric Malle and GLAMGLOW.
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The Estée Lauder Companies Inc.
Alexandra Trower, (212) 572-4430
Dennis D’Andrea, (212) 572-4384