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Peter Jueptner, the international group president of Estée Lauder Companies, will step down from his role on April 1 and depart the company on June 30, ELC confirmed on Friday.
Jueptner joined the company in 2009 as a senior vice president working on new business development, later progressing to become international group president in 2022. He lead the company’s acquisitions of brands including the fragrance lines Le Labo and Editions de Parfums Frédéric Malle, as well as the Korean skincare brand Dr Jart.
Against a backdrop of sales decline and a lagging share price, 2024 was a year of upheaval for ELC. A new chief executive officer, Stéphane de La Faverie, was announced in October, while the company’s longstanding chief financial and chief digital officers departed.
In November, the company withdrew its 2025 fiscal outlook for, cut dividend payments by 47 percent and reported a 4 percent drop in net sales to $3.36 billion. ELC is set to report second-quarter earnings on February 4.
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A First-Day Agenda for Estée Lauder’s New CEO
From cutting costs, rebuilding brand equity and right-sizing its exposure to volatile markets, incoming chief executive Stéphane de La Faverie has a lot to accomplish if he wants to reassure investors that the company’s best days are still to come.
