Estee Lauder completes senior management succession
NEW YORK The Estee Lauder Co., whose brands include American Beauty, Flirt!, MAC and Clinique, has completed its previously announced senior management succession plan, the company stated.
The appointments will be effective July 1, the start of the company’s fiscal year 2010. The succession plan was first announced in November 2007. The company’s board of directors last week approved the completion of the plan.
As president, CEO, Fabrizio Freda, who is currently president, COO, will be responsible for developing the company’s overall vision, strategy, financial objectives and investment priorities. He will be accountable for the achievement of the company’s overall corporate performance objectives, including revenue, profit and return on invested capital goals. Freda will also become a member of the company’s board of directors as of July 1.
William Lauder, the company’s current CEO, will become executive chairman and will serve as chairman of The Estee Lauder Companies’ board of directors. As executive chairman, Lauder will partner with Freda to create long-term shareholder value for the company’s investors. Together with Freda, Lauder will help drive and support the company’s brand and global expansion opportunities in addition to his day-to-day management responsibilities.
Leonard Lauder, the current chairman of the board, will remain on the board and become chairman emeritus.
Tyra Banks Show features ‘Best of Beauty’ giveaway
NEW YORK The Tyra Banks Show is once again featuring its “Best of Beauty” prize giveaway, which includes a wide array of beauty products from such brands as CoverGirl, Goody and ThermaClear.
In the “Best of Beauty” giveaway, eight prized packages valued at $4,000 each will be awarded to contestants who complete an online entry by March 31. To register, beauty mavens can visit www.tyrashow.com.
“A generation of young women is tuned in to Tyra’s beauty and lifestyle advice,” stated Sandra Lawrence, president and CEO of Therative, which makes the ThermaClear device for the treatment of mild to moderate acne. “We’re proud that ThermaClear was selected as a top product to feature in this blockbuster prize giveaway.”
ThermaClear, which is FDA-cleared and clinically proven to clear pimples in as little as 24 hours, uses targeted heat to attack acne at its source.
According to the company, the device does not cause drying, irritation or skin hyper pigmentation. It is safe on all skin types and tones.
The giveaway also includes, but is not limited to: CoverGirl WetSlicks Fruit Spritzers in Guava Splash, CoverGirl Professional Natural Lash Mascara, Goody Ouchless Thick Elastics for hair, PedEgg and Bare Escentuals Rocker Eye and Foil Eye kits.
Revlon set to kick off annual run/walk May 2
NEW YORK The 12th Annual EIF Revlon Run/Walk For Women to be held in May will kick off with an all-star show in Times Square that will feature a celebrity host and special guests.
Jimmy Fallon, a Saturday Night Live veteran and the new host of NBC’s Late Night, will host the 2009 opening ceremonies the morning of May 2.
Revlon has also welcomed back from the 2003 Run/Walk, Oscar nominee for A Beautiful Mind and Revlon brand ambassador, Jennifer Connelly. This year’s event will also feature Revlon brand ambassador and actress Jessica Alba from the Fantastic Four series.
Created in 1993 through the committed and efforts of the Entertainment Industry Foundation, Lilly Tartikoff, Revlon chairman Ronald O. Perelman and Rehage Entertainment, the EIF Revlon Run/Walk For Women has grown to become one of the nation’s largest 5K fundraising events. To date, the Run/Walks (LA/NY) have distributed nearly $55 million for cancer research, treatment, counseling and outreach programs.