The Estée Lauder Companies Names John Demsey Executive Group President; Jane Hertzmark Hudis Promoted to Group President
November 20 2015 - 08:30AM
Business Wire
The Estée Lauder Companies Inc. (NYSE:EL) today announced the
following executive appointments, effective January 1, 2016:
- John Demsey will expand his
responsibilities and become Executive Group President, The
Estée Lauder Companies. Mr. Demsey will add Clinique and the
Men’s Skincare Group to his portfolio while continuing to oversee
Aramis and Designer Fragrances, Prescriptives, M•A•C Cosmetics
(“M•A•C”), Bobbi Brown, Jo Malone London, Bumble and bumble, Tom
Ford, Smashbox, RODIN olio lusso, Le Labo, Editions de Parfums
Frédéric Malle and GLAMGLOW. In his role, Mr. Demsey will also lead
a newly created Center of Excellence for Creative, continuing to
advance capabilities, processes and talent development in this
important area for the Company.
- Jane Hertzmark Hudis will become
Group President, The Estée Lauder Companies. Ms. Hudis will
continue to lead the Company’s Estée Lauder and AERIN brands while
adding La Mer, Darphin, Origins and Aveda to her portfolio. Ms.
Hudis will also join several leadership committees within the
Company.
Both executives will report directly to Fabrizio Freda,
President and Chief Executive Officer. These appointments follow
the previously announced retirement of Lynne Greene, Group
President, and are part of the Company’s continuous organizational
evolution to further align its expanding portfolio of brands while
providing key leaders with increased opportunities. Ms. Greene will
work closely with Mr. Demsey and Ms. Hudis to help ensure a
seamless transition of responsibilities, as Ms. Greene prepares to
retire on June 30, 2016.
Mr. Freda said, “These appointments for John and Jane recognize
their strong leadership and unparalleled ability to drive the
continued future success of our diverse portfolio of prestige
brands. They also have a keen understanding of our key strategic
initiatives, including Creativity, Innovation, Digital and Emerging
Market growth, and have demonstrated relentless commitment and
leadership to advancing our business in these areas. I look forward
to continuing to work closely with Jane and John on their increased
responsibilities.”
Mr. Demsey has served as Group President, The Estée Lauder
Companies, since July 2006. After joining the Company in 1991, Mr.
Demsey held numerous positions of increasing responsibility,
including his appointment in 1998 to President of M•A•C which,
under his leadership, grew from a small, niche makeup artist brand
to a global cosmetics powerhouse distributed in more than 100
countries/territories worldwide. Mr. Demsey has overseen the
continued success and expansion of many brands in the Company’s
portfolio, including several of the Company’s fastest growing
brands, such as Tom Ford, Jo Malone London and Smashbox. He has
also been an integral enterprise leader on many organizational
transformation activities, including the Company’s recent
acquisitions.
“John is well-known across the industry as a strong business
leader and a creative visionary. His extraordinary creative taste
makes him an ideal fit to also become be the leader of an
enterprise-wide Creative Center of Excellence, helping to drive our
renowned competitive advantage in this area through the advancement
of Creative capabilities, processes and talent development,” Mr.
Freda added.
Ms. Hudis was appointed Global Brand President, Estée Lauder, in
July 2009. She has been dedicated to building on Estee Lauder's
rich heritage to bring the brand to a new generation of global
consumers. Under her leadership, the brand's net sales have grown
more than 40 percent. Additionally, Ms. Hudis’ extraordinary
insights and knowledge of the Asian consumer helped drive Estée
Lauder to be the number one prestige brand in its distribution in
Asia. Before assuming her current role, Ms. Hudis served as
President of the Company’s Origins brand as well as BeautyBank, a
division she founded in 2003 to develop innovative new brand
concepts for The Estée Lauder Companies.
Mr. Freda continued, “Jane’s expanded portfolio of brands will
strongly benefit from her best-in-class leadership as an excellent
brand marketer with a strong commitment to quality. She is also
widely recognized for her expertise in local relevance − tailoring
product innovation and marketing to our consumers − and her
excellent ability to grow brand appeal across multiple generations,
from ageless consumers to millennials.”
“Throughout his outstanding career, John has overseen the
continued success and expansion of many brands in the Company’s
portfolio. The new additions to John’s portfolio, Clinique and the
Men’s Skincare Group, will benefit from his unique business talent
and world-class creativity,” said William P. Lauder, Executive
Chairman. “Jane has a longstanding tenure of leading both small and
big brands with deep heritage, authenticity, and unique brand
positioning. The addition of La Mer, Darphin, Origins and Aveda to
her portfolio is a natural fit for Jane to leverage her brand
building expertise to further elevate and grow these brands.”
“I had the unique pleasure of bringing both John and Jane into
the Company early on in their careers, and I’m proud to see them
taking on even more leadership responsibilities. They bring
innovation, creativity, style and a distinctly modern approach to
our Company—all of which are vital to our business as they lead our
brands into the future,” said Leonard A. Lauder, Chairman
Emeritus.
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.Media Relations:Alexandra Trower,
212-572-4430orInvestor Relations:Dennis D’Andrea, 212-572-4384
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