JOURNAL ARTICLE

Estée Lauder Cousins Leave Daily Roles as Shares Tumble.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Neumann, Jeannette 3 of 3

Abstract

The Lauder cousins are stepping down from their daily roles at Estée Lauder Cos., marking the first time in 75 years that the company will not have a family member in day-to-day management. This decision comes as the company faces challenges, with shares plummeting due to uncertainty in China and changes in leadership. Jane and William Lauder will focus on their roles as board members, with the company appointing Stéphane de La Faverie as the new CEO. The company's stock has fallen significantly in the past two years, reflecting ongoing challenges. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/10, pN.PAG
  • Document Type:Article
  • Subject Area:Biography
  • Publication Date:2024
  • Accession Number:180634688
  • Copyright Statement:Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Looking to go deeper into this topic? Look for more articles on EBSCOhost.