The company had too many brands, too many people and too little cohesion. There is no doubt that we are living and working in a moment unlike any other, and yet, we have never been more confident in our strategy and our diversified portfolio of brands. Mr. Freda joined The Estée Lauder Companies in March 2008 when he was appointed President and Chief Operating Officer. For this reason, in June 2020 we announced a comprehensive set of commitments to act with urgency on achieving racial equity, including: Since announcing our commitments, we have held numerous town halls with our employees, begun to identify gaps in our professional development and advancement opportunities for our existing Black talent, and continued to review products for cultural sensitivity and local relevancy, among other actions. During fiscal 2020, our Transformation capability generated significant results across our business, enabling us to build on growth opportunities across categories, geographies, channels and consumer segments with agility and speed. Fabrizio Freda: Leading for the Long-Term For Estée Lauder ceo Fabrizio Freda, total transparency has been the key to achieving stability in times … He joined the company in March 2008 as President and Chief Operating Officer. Certain statements in the Fiscal 2020 Year-in-Review materials may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Estée Lauder Companies CEO Fabrizio Freda. Travel Retail globally was impacted by the effects of the pandemic and resulting decrease in international passenger traffic. Patrick McMullan via Getty Image. Even with the challenges of this year, we are optimistic about the future. We also remain steadfast in delivering progress against our citizenship and sustainability strategy and goals. As President and Chief Executive Officer at ESTEE LAUDER COMPANIES INC, Fabrizio Freda made $17,650,495 in total compensation. In 2015, Mr. Freda was awarded Italy’s prestigious Cavaliere del Lavoro by President Sergio Mattarella. Our business continues to benefit from the strategic actions we have taken to position our company for recovery and sustainable, profitable growth. Despite extensive temporary store closures worldwide in the second half of the year, sales fell only 20 percent and we remained profitable, as we quickly and effectively pivoted to Online to capture consumption and adjusted our cost structure. We have long recognized our responsibility to safeguard the health and beauty of our planet and our communities, but today, the urgency and importance is clearer than ever. Such statements may address our expectations regarding sales, earnings or other future financial performance and liquidity, other performance measures, product introductions, entry into new geographic regions, information technology initiatives, new methods of sale, our long-term strategy, restructuring and other charges and resulting cost savings, and future operations or operating results. Our powerful roster of Skin Care products and brands, including Estée Lauder's Advanced Night Repair, Clinique’s Moisture Surge, La Mer’s Crème de la Mer and Dr. Jart+’s Teatreement™, positions us well to support continued growth in this category. Alongside ingredients-focused initiatives, the company launched Sustainable Packaging Guidelines for its package developers and procurement teams, an important step toward the goal of making 75-100 percent of packaging recyclable, refillable, reusable, recycled or recoverable by the end of calendar 2025. As Online has quickly grown, we are moving to more aggressively adjust our brick-and-mortar footprint and more closely align with how and where the consumer wants to shop. We also took prudent and effective measures, financially and operationally, to protect the business. Our continued outperformance yielded strong global prestige beauty share gains, and we were well on our way to a third fiscal year of double-digit sales and adjusted EPS growth. The category also benefited from the acquisition of Dr. Jart+, which was both the largest acquisition in the company’s history and our first of an Asia-based beauty brand. He had joined the company in March 2008, when he was appointed President and Chief Operating Officer. It is a time of unprecedented change, but also of boundless opportunity and progress. And we thank you for joining us on this exciting journey, together. Estée Lauder CEO Fabrizio Freda on Big Earnings, China, and Complex Beauty Routines . Mr. Freda EL stock SEC Form 4 insiders trading. To access all the content for free, please sign up by entering your email. He became the CEO of The Estée Lauder Company in 2009, a company founded by renowned business woman and cosmetics mogul Estee Lauder. Same platform but with new and improved features. Mainland China performed exceptionally in fiscal 2020, with sales rising by strong double-digits. Fabrizio Freda is President and Chief Executive Officer, The Estée Lauder Companies, a position he assumed on July 1, 2009. 1. We have long recognized the growth prospects of Online, which has been a key area of focus and investment for our company for over two decades. Throughout this time of great uncertainty, I am incredibly proud of our employees’ ongoing commitments to living our company values by contributing to relief efforts and acting as leaders within their communities. He will be succeeded by Gibu Thomas, who will assume the role of President, ELC Online, effective November 16, 2020. The vast majority of Estée Lauder's digital marketing budget is now being siphoned towards influencers, according to president and chief executive Fabrizio Freda.. A climate milestone: The Estée Lauder Companies achieves Net Zero emissions and 100% renewable electricity for its direct operations. This information is according to proxy statements … Innovation is also expected to play a vital role in fiscal 2021, powering the engines of the moment and of the future. The Fiscal 2020 Year-in-Review materials contain references to the following non-GAAP financial measures: constant currency, adjusted net earnings and adjusted diluted earnings per share. Is a member of the Estée Lauder Companies ' Message from Fabrizio Freda and he is responsible for developing achieving... The region also grew for the future global General Manager, too Faced of mind in channel. 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