{"id":450398,"date":"2021-03-04T07:03:36","date_gmt":"2021-03-04T12:03:36","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=450398"},"modified":"2021-03-04T07:03:36","modified_gmt":"2021-03-04T12:03:36","slug":"the-estee-lauder-companies-announces-new-equity-and-engagement-center-of-excellence","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-estee-lauder-companies-announces-new-equity-and-engagement-center-of-excellence\/","title":{"rendered":"The Est\u00e9e Lauder Companies Announces New Equity and Engagement Center of Excellence"},"content":{"rendered":"

<\/p>\n

The Est\u00e9e Lauder Companies Announces New Equity and Engagement Center of Excellence<\/span><\/b><\/p>\n

Nicole Monson Appointed to Lead COE as Senior Vice President, Equity and Engagement <\/i><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nThe Est\u00e9e Lauder Companies (NYSE:EL) announced today that it has established a new Equity and Engagement Center of Excellence<\/b> (COE). The creation of this new capability underscores The Est\u00e9e Lauder Companies\u2019 (ELC) core values and commitments to build greater equity and representation within every aspect of its business, from its employees to its consumers.\n<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210304005218\/en\/<\/a><\/p>\n

\"Nicole<\/p>\n

Nicole Monson Appointed to Lead COE as Senior Vice President, Equity and Engagement (Photo: Business Wire)<\/p>\n<\/div>\n

\nThe Equity and Engagement COE will be led by Nicole Monson<\/b>, who has been appointed Senior Vice President, Equity and Engagement. Nicole will report directly to Michael O\u2019Hare, Executive Vice President, Global Human Resources.\n<\/p>\n

\nThe events of 2020 and the movement around racial equality have placed a necessary spotlight on every company\u2019s responsibility to take action to advance equal representation, advocacy and inclusion across their organizations. From examining and evolving how the company engages with employees around the world, to enabling greater collaboration across its brands, regions and functions, ELC remains dedicated to purposeful, strategic and accelerated action to drive lasting change.\n<\/p>\n

\nBuilding upon ELC\u2019s existing Commitment to Act on Racial Equity<\/b><\/a>, actions on pay equity and other activities to date, the creation of the Equity and Engagement COE signals ELC\u2019s investment in a focused and holistic approach to drive sustainable progress and advance the company\u2019s diverse talent through deep engagement, career advancement, development programs, hiring practices and beyond.\n<\/p>\n

\n\u201cOur collective vision is to be the most inclusive, equitable and diverse global prestige beauty company for our employees and consumers alike. This important new capability will enhance employee engagement and build greater equity across the business today, while also providing a strategic platform to expand and scale this work into the future,\u201d said Fabrizio Freda, President and Chief Executive Officer<\/b>. \u201cWe know that authentic change takes time, dedication and a clear strategy, and we will continue to devote focused and meaningful resources toward accelerating this goal.\u201d\n<\/p>\n

\n\u201cSince our company\u2019s founding, our talented employees have been at the center of our business and the most important driver of our success. While we are proud of the progress we have made as a company thus far, we are committed to driving equity and engagement for the long-term,\u201d said William P. Lauder, Executive Chairman<\/b>. \u201cNicole\u2019s deep experience and extensive knowledge of Human Resources and the global legal environment, combined with her demonstrated ability to positively influence ELC\u2019s culture, have been invaluable to the company. I look forward to her continued leadership at the helm of this new Center of Excellence.\u201d\n<\/p>\n

\nAs Senior Vice President, Equity and Engagement, Nicole will be an important member of ELC\u2019s Senior Leadership Team and she will work across all areas of the business to develop the company\u2019s long-term Equity and employee Engagement strategy and enterprise-wide capabilities. She will lead the development and implementation of proactive Equity and Engagement initiatives to create a workforce that is more representative and responsive to people of all backgrounds, where all have an opportunity to succeed.\n<\/p>\n

\nThe Equity and Engagement COE was designed to be a strategic and complementary enterprise-wide partner to ELC\u2019s other leaders and business units focused on ESG-related matters, including Human Resources, the Inclusion, Diversity & Equity (IDE) COE, Global Communications, Global Citizenship and Sustainability (GCCS), Global Public Affairs, and beyond. In this spirit, Nicole will collaborate closely with Human Resources leaders and the IDE COE to develop programs designed to ensure fair, inclusive, and equitable treatment of employees around the world with emphasis on addressing conflict and implementing support systems for employees of color, ensuring equitable compensation, application of policies and access to career paths and ensuring the execution of ELC\u2019s equity and engagement vision and strategy. Additionally, Nicole will lead the company\u2019s Racial Equity Initiative, which includes finalizing and implementing a strategy to ensure ELC achieves its Racial Equity Commitments.\n<\/p>\n

\nNicole has an extensive proven track record of providing business partners with strategic legal counsel on a wide range of employment and compliance topics, a background that will serve her well in her new role. In her most recent position as Senior Vice President, Deputy General Counsel, Global Employment, Ethics and Legal Privacy, Nicole oversaw the Employment Law, Ethics and Legal Privacy teams and worked to advance the Legal strategy for employment, ethics and privacy globally to protect the company\u2019s interests and mitigate risks associated with new laws and regulations, growth of digital platforms, new global acquisitions and an increased regulatory environment. Since joining the company in 2014 as Vice President, Employment Counsel, her role has continuously expanded and evolved with new responsibilities.\n<\/p>\n

\nNicole\u2019s influence on ELC\u2019s organizational culture has extended far beyond her official role and responsibilities. As a member of ELC\u2019s Diversity Council, as well as ELC\u2019s \u2018Network of Black Leaders & Executives\u2019 and \u2018Women\u2019s Leadership Network\u2019 Employee Resource Groups, Nicole has long been passionate about promoting a culture of respect, inclusivity and belonging. Recently, she became Executive Sponsor of She\u2019s Howard: Own Your Power<\/i>, ELC\u2019s partnership with Howard University to support the success of the University\u2019s alumnae through experiential learning, career coaching, professional training and self-empowering mentorship opportunities.\n<\/p>\n

\nIn addition to her many contributions to ELC, Nicole is a highly regarded expert and thought leader. She has been a guest speaker for numerous local and national organizations. Notably, Nicole was also selected for inclusion into the National Black Lawyers Top 100<\/i>, an elite network of successful and influential lawyers with reputations for providing excellent legal representation in their respective practice areas.\n<\/p>\n

\nNicole has more than 20 years of relevant experience across labor and employment law and compliance. She earned her J.D. from Howard University School of Law and her B.A. from Spelman College.\n<\/p>\n

About The Est\u00e9e Lauder Companies Inc.<\/b><\/p>\n

The Est\u00e9e Lauder Companies Inc.<\/a> is one of the world\u2019s leading manufacturers and marketers of quality skin care, makeup, fragrance and hair care products. The company\u2019s products are sold in approximately 150 countries and territories under brand names including: Est\u00e9e Lauder, Aramis, Clinique, Lab Series, Origins, Tommy Hilfiger, M\u00b7A\u00b7C, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, TOM FORD BEAUTY, Smashbox, Ermenegildo Zegna, AERIN, RODIN olio lusso, Le Labo, Editions de Parfums Fr\u00e9d\u00e9ric Malle, GLAMGLOW, KILIAN PARIS, BECCA, Too Faced and Dr. Jart+.\n<\/p>\n

\nELC-C
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ELC-L\n<\/p>\n

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View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210304005218\/en\/<\/a><\/span><\/p>\n

Investor Relations:
\n
Rainey Mancini
\n
<\/b>rmancini@estee.com<\/a><\/p>\n

Media Relations:
\n
Jill Marvin
\n
<\/b>jmarvin@estee.com<\/a><\/p>\n

KEYWORDS:<\/b> New York United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Other Philanthropy African-American Philanthropy Consumer Fashion Luxury Cosmetics Retail<\/p>\n

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Nicole Monson Appointed to Lead COE as Senior Vice President, Equity and Engagement (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

The Est\u00e9e Lauder Companies Announces New Equity and Engagement Center of Excellence Nicole Monson Appointed to Lead COE as Senior Vice President, Equity and Engagement NEW YORK–(BUSINESS WIRE)– The Est\u00e9e Lauder Companies (NYSE:EL) announced today that it has established a new Equity and Engagement Center of Excellence (COE). The creation of this new capability underscores The Est\u00e9e Lauder Companies\u2019 (ELC) core values and commitments to build greater equity and representation within every aspect of its business, from its employees to its consumers. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210304005218\/en\/ Nicole Monson Appointed to Lead COE as Senior Vice President, Equity and Engagement (Photo: Business Wire) The Equity and Engagement COE will be led by Nicole Monson, … <\/p>\n

Continue reading “The Est\u00e9e Lauder Companies Announces New Equity and Engagement Center of Excellence”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-450398","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nThe Est\u00e9e Lauder Companies Announces New Equity and Engagement Center of Excellence - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-estee-lauder-companies-announces-new-equity-and-engagement-center-of-excellence\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Est\u00e9e Lauder Companies Announces New Equity and Engagement Center of Excellence - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"The Est\u00e9e Lauder Companies Announces New Equity and Engagement Center of Excellence Nicole Monson Appointed to Lead COE as Senior Vice President, Equity and Engagement NEW YORK–(BUSINESS WIRE)– The Est\u00e9e Lauder Companies (NYSE:EL) announced today that it has established a new Equity and Engagement Center of Excellence (COE). 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The creation of this new capability underscores The Est\u00e9e Lauder Companies\u2019 (ELC) core values and commitments to build greater equity and representation within every aspect of its business, from its employees to its consumers. This press release features multimedia. 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