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. This agreement made The Estée Lauder Companies the first prestige beauty company to execute a VPPA and is the company’s largest renewable energy contract globally, enabling us to achieve our RE100 commitment of 100 percent renewable electricity in the United States and Canada one year ahead of schedule. He was appointed president and chief executive officer of The Estée Lauder Companies Inc. on July 1, 2009, succeeding William P. Lauder. Click here for In constant currency, net sales rose 14 percent and adjusted EPS climbed 20 percent in the first half of fiscal 2020. It also calls for greater integration across the Company’s brands, regions and functions to create cost efficiencies and leverage scale. Fabrizio Freda: Leading for the Long-Term For Estée Lauder ceo Fabrizio Freda, total transparency has been the key to achieving stability in times … If you hadn’t already guessed his heritage by his name, you now know that he was born in Naples during the 1950s. He’s of Italian descent. Fabrizio Freda, chief executive of Estée Lauder, grew up in Naples, though his business inspiration comes from an Italian born in Florence: Niccolò Machiavelli.. Commitments and actions like these will help us build a stronger, more successful company and society, and we look forward to making continued progress in the years to come. As much as the world has changed in the past year, so much of what makes The Estée Lauder Companies exceptional has remained true. Mr. Freda is a member of the Company’s Board of Directors. 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. Fabrizio Freda, President and Chief Executive Officer, The Estée Lauder Companies, has been named to the highly prestigious Barron’s list of the World’s Best CEOs in 2018. Throughout the fiscal year, we generated growth in key areas of the business, driven by our diverse portfolio of beloved brands. www.vbprofiles.com is now www.topionetworks.com. We aim to create products and services in all aspects of our business that consumers have never dreamed of, but can’t live without, and this year was no exception. Travel Retail globally was impacted by the effects of the pandemic and resulting decrease in international passenger traffic. 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. 1. During fiscal 2021, we look forward to continuing to engage with consumers on this topic. Notably, these include declining net sales in The Americas and our Europe, the Middle East & Africa regions, reflecting very difficult environments. We are committed to doing more as allies at our company and in our communities, and I encourage you to read more about our specific actions and progress here. A climate milestone: The Estée Lauder Companies achieves Net Zero emissions and 100% renewable electricity for its direct operations. Now more than ever, the importance and urgency of this work is clear for our business, our communities and our planet. On today's call are Fabrizio Freda, President and Chief Executive Officer; and Tracey Travis, Executive Vice President and Chief Financial Officer. Mr. Freda EL stock SEC Form 4 insiders trading. The Estée Lauder Companies Inc. (NYSE:EL) Q1 2021 Earnings Conference Call November 02, 2020 09:30 AM ET Company Participants Rainey Mancini - SVP, IR Fabrizio Freda - … From providing monetary contributions to our global communities, to providing products for front-line workers, to producing hand sanitizer for high-need groups and populations, our employees are leading with purpose and continuing to do their part and give back. A Message from Fabrizio Freda, President and CEO. Cautionary Note Regarding Forward-Looking Statements. In the future, we expect to incur charges or adjustments similar in nature to those presented below; however, the impact to the company’s results in a given period may be highly variable and difficult to predict. Brand.com, brand boutiques on platforms such as Tmall and retailer.com sites each contributed meaningfully to our results. As President and Chief Executive Officer at ESTEE LAUDER COMPANIES INC, Fabrizio Freda made $17,650,495 in total compensation. We have always prided ourselves on being a learning organization, and we are committed to continuously investing in and developing our talent. We recently announced the Post-COVID Business Acceleration Program, which is designed to rapidly reallocate our resources, enabling us to invest in the greatest opportunities for long-term, sustainable growth, like Online, Skin Care and China. In this role, he is responsible for developing and achieving the Company’s overall vision, strategy, financial objectives and investment priorities. Thirty top CEOs were announced. We are proud of the accomplishments we have achieved, well-equipped to face the challenges of today, and even better positioned to embrace the opportunities of tomorrow. As The Estée Lauder Companies approaches the 75th year anniversary of its founding, and 25 years as a public company, the world is facing a moment unlike any other in modern history. In fiscal 2020, the company’s growing renewable energy portfolio expanded with new, on-site solar projects and the execution of a virtual purchase power agreement (VPPA) for a wind farm in Oklahoma. He joined the company in March 2008 as President and Chief Operating Officer and assumed the CEO position in July 2009. Fragrance sales also accelerated, reflecting growing consumer desire for our portfolio of luxury and artisanal fragrances. Even with the challenges of this year, we are optimistic about the future. Below are 10 things you may not know about this man, but rest assured, they are all worth knowing. As consumer adoption of Online accelerates, so have our investments in High-Touch services on our brand sites, such as live chat capability with video, enhanced virtual try-on, livestreaming and more. We remain focused on the safety and well-being of our employees, their families and our consumers as this pandemic continues to have an impact in both the short and long term. We are also continuing to cultivate our longstanding partnership with The Young Women’s Leadership Schools (TYWLS), a network of all-girls public schools aimed at helping at-risk youth reach their learning and leadership potential and attend college. Gibu will report directly to Fabrizio Freda, President and … And we thank you for joining us on this exciting journey, together. Prior to joining The Estée Lauder Companies, Mr. Freda had an outstanding 20-year career at Procter & Gamble (P&G), where he was responsible for various operating, marketing and strategic efforts. 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. Over the last few months of fiscal 2020, the company, its charitable foundation, the Lauder family and our employees made donations and pledges to organizations around the world to help limit the spread of COVID-19 and ease the related hardships faced by the communities in which we live and work. The growth prospects in this region continue to be encouraging. Fabrizio Freda is President and Chief Executive Officer of The Estée Lauder Companies, the global leader in prestige beauty. In 2015, Mr. Freda was awarded Italy’s prestigious Cavaliere del Lavoro by President Sergio Mattarella. We want to make sure you get the most out of our platform. Many of our enterprise initiatives continue to focus on supporting women and girls globally. Our multiple engines of growth strategy, which is based on insights from our Compass, has powered our success for over a decade and continues to be highly effective. Senior Vice President-Investor Relations, The Estée Lauder Companies, Inc. Good morning. Of this total $1,833,333 was received as a salary, $2,445,250 was received as a bonus, $4,375,020 was received in stock options, $8,750,030 was awarded as stock and $246,862 came from other types of compensation. In 2013, Mr. Freda was appointed to the Advisory Board of the Global Business Initiative at Georgetown University’s McDonough School of Business. Fabrizio Freda, President and Chief Executive Officer, reviewed recent financial results and the Company’s long-term strategy. In addition, please refer to our reports with the SEC, click here, including our Form 10-K for fiscal 2020, where you’ll find factors that could cause actual results to differ materially from these forward-looking statements. From 1986 to 1988 he directed marketing and strategic planning for Gucci SpA. Geographically, APAC remained a dynamic engine of growth, as consumers increasingly embrace prestige beauty for its quality, innovation and creativity. 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. A dramatic tale of two halves published initial ingredient glossaries on their websites our people are our greatest, expect. Beauty Care division at P & G responsibility in the channel us to on. 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