Estée Lauder Companies has announced the promotion of Stéphane de La Faverie to the position of group president.
La Faverie was named global brand president of Estée Lauder and Aerin in July 2016 and will continue in his role of global brand president following the promotion.
He will report directly to Fabrizio Freda, president and chief executive officer of Estée Lauder in his new position and will continue to Jane Hertzmark Hudis, executive group president, in his global brand president role.
In his new position, La Faverie will be responsible for a new portfolio of brand, which include, Jo Malone London, Aramis and Designer Fragrances, Le Labo, Darphin, Lab Series, By Kilian, Editions de Parfums Frédéric Malle, Rodin Olio Lusso and Prescriptives.
Fredia said: “Stéphane has extensive expertise leading brands, making him well suited to the significant leadership responsibilities of the group president role.
“As global brand president, Estée Lauder and Aerin, he has been the ideal leader to bring our company’s iconic namesake brand into an incredible phase of broad-based growth. His well-deserved promotion reflects his excellent track record of building and leading global brands, his expertise across categories and channels, and a keen understanding of local relevance.”
As group president, La Faverie will oversee and drive the company’s recently-announced third brand cluster, which is focused primarily on artisanal and luxury fragrances.