Andrew Ross Joins The Estée Lauder Companies to Lead Strategy and New Business Development
August 25 2016 - 08:00AM
Business Wire
The Estée Lauder Companies Inc. (NYSE:EL) announced today the
appointment of Andrew Ross to the role of Senior Vice President,
Strategy and New Business Development, effective September 1, 2016.
Mr. Ross succeeds Peter Jueptner, who, as previously announced, has
been appointed President, Europe, the Middle East and Africa. Mr.
Ross will join the Company’s Executive Leadership Team and report
jointly to Fabrizio Freda, President and Chief Executive Officer,
and Tracey T. Travis, Chief Financial Officer and Executive Vice
President, Global Finance and Strategy.
In this important strategic role for the Company, Mr. Ross will
lead the ongoing development and implementation of the Company’s
strategy and 10-year Strategic Compass. Mr. Ross will also lead the
Company’s mergers, acquisitions, licensing and alliance activities
worldwide, identifying strategic opportunities to complement the
Company’s brand portfolio and capabilities. Mr. Ross’s additional
responsibilities will include creating alignment opportunities
across the Company, generating breakthrough industry and global
insights that impact the Company’s strategic direction and
providing leadership and guidance for a variety of key strategic
priorities. Central to Mr. Ross’s role will be mobilizing and
tracking the execution of enterprise-wide projects to enable the
Company to continue to achieve its long-term vision.
“Our sound corporate strategy has driven us to achieve seven
years of consecutive growth,” said Mr. Freda. “Andrew’s
widely-recognized industry leadership along with his depth of
expertise in retail strategy, merchandising, format renewal and
marketing will help us to continue to drive long-term profitable
growth and remain a global leader in prestige beauty.”
For the past five years, Mr. Ross served as Executive Vice
President and Chief Strategy Officer at ConAgra Foods, Inc., where
he led the formulation of ConAgra’s corporate strategy, including
oversight of their portfolio strategy, mergers and acquisitions.
Previously, Mr. Ross was a Principal at McKinsey & Company,
Inc., where he led the global retail and consumer goods pillar for
nearly a decade. In this role, Mr. Ross was widely known for
shaping global and national growth strategies for leading retail
and consumer companies.
“Andrew brings a wealth of global strategic experience across
the consumer goods, retail and consulting sectors. Andrew’s
significant track record of shaping global growth, coupled with his
proven ability to translate opportunities and challenges from ideas
into actionable global strategies, positions him well to take on
this very important role for our Company,” said Ms. Travis.
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, Tory Burch,
RODIN olio lusso, Le Labo, Editions de Parfums Frédéric Malle,
GLAMGLOW and By Kilian.
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version on businesswire.com: http://www.businesswire.com/news/home/20160825005131/en/
The Estée Lauder Companies Inc.Media Relations:Alexandra
Trower, 212-572-4430orInvestor Relations:Dennis
D’Andrea, 212-572-4384
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