Fabrizio Freda, the Estée Lauder Companies longtime chief executive officer, intends to retire at the end of the 2025 fiscal year, the company announced today.
According to a statement, no successor has yet been appointed, but the board of directors is “well advanced” in its CEO succession plan, and has considered internal and external candidates. Freda will lead the company until a successor is appointed, and remain on as an advisor…