{"id":799419,"date":"2025-01-10T06:48:08","date_gmt":"2025-01-10T11:48:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ronald-s-lauder-to-retire-from-the-estee-lauder-companies-board-of-directors\/"},"modified":"2025-01-10T06:48:08","modified_gmt":"2025-01-10T11:48:08","slug":"ronald-s-lauder-to-retire-from-the-estee-lauder-companies-board-of-directors","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ronald-s-lauder-to-retire-from-the-estee-lauder-companies-board-of-directors\/","title":{"rendered":"Ronald S. Lauder to Retire from The Est\u00e9e Lauder Companies\u2019 Board of Directors"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b><span class=\"bwuline\">Ronald S. Lauder to Retire from The Est\u00e9e Lauder Companies\u2019 Board of Directors<\/span><\/b><\/p>\n<p class=\"bwalignc\"><b><span class=\"bwuline\">Eric Zinterhofer to join the Company\u2019s Board of Directors<\/span><\/b><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nThe Est\u00e9e Lauder Companies (NYSE: EL) announced today that Ronald S. Lauder will retire from the Company\u2019s Board of Directors (the \u201cBoard\u201d) effective immediately. Pursuant to the stockholders\u2019 agreement among Lauder family members and the Company, Mr. Lauder has the right to designate two directors of the Company. His daughter Jane Lauder will continue to serve on the Board in her current position, and he has named his son-in-law Eric Zinterhofer, who is married to his daughter Aerin Lauder, to be his second designee. In connection with Mr. Lauder\u2019s retirement from the Board and his designation of Mr. Zinterhofer as his nominee, the Board has elected Mr. Zinterhofer effective immediately. Mr. Lauder will remain Chairman of Clinique Laboratories, LLC.<\/p>\n<p>\nMr. Zinterhofer joins the Board with extensive financial, investing and global business experience, and is currently a Founding Partner of Searchlight Capital Partners. He serves on the Investment Committee, Operating Committee and Valuation Committee, and is jointly responsible for overseeing the Firm\u2019s activities with the two other Founding Partners. He serves on the boards of several portfolio companies of Searchlight including Care Advantage, Hemisphere, Liberty Latin America, and TelevisaUnivision, and serves as Chairman of the Board of Charter Communications. Prior to co-founding Searchlight, he was a senior partner at Apollo Management in New York. Mr. Zinterhofer received a BA in both honors economics and European history, cum laude, from the University of Pennsylvania and an MBA from the Harvard Business School.<\/p>\n<p>\nMr. Lauder joined the Company in 1964 and has served in various capacities. He was a member of the Board of Directors of the Company from 1968 to 1986, from 1988 to July 2009 and from 2016 through his most recent retirement.<\/p>\n<p>\n\u201cAs a member of the Lauder family and Director on the Board, Ronald has been a steadfast advocate for The Est\u00e9e Lauder Companies, our people, and our brands. His dedication and strategic vision have been integral to ensuring our company is built upon a strong foundation. On behalf of the organization, I want to express my heartfelt gratitude for his remarkable service and leadership,\u201d said William P. Lauder, Chair of the Board. He continued, \u201cI would also like to welcome Eric to the Board. As a member of the family, Eric will continue to champion the values at the heart of our company while bringing a fresh perspective at this pivotal moment. We are confident Eric\u2019s significant governance experience, strategic insight, and industry knowledge will be an asset to the company and advance our plans for long-term growth.\u201d<\/p>\n<p>\nRegarding this transition, Mr. Ronald Lauder said, \u201cFor more than 50 years, it has been an incredible honor and privilege to serve The Est\u00e9e Lauder Companies. While I may be retiring from this position on the Board, I will continue to be committed to supporting this incredible company, the next generation of the Lauder family in leadership, and our family legacy. I am confident Eric\u2019s experience and perspective will be an asset to the company\u2019s long-term vision and plans to return to growth, while maintaining the values at the heart of our work.\u201d<\/p>\n<p>\n\u201cDuring his more than 50 years of contributions to The Est\u00e9e Lauder Companies, including his service on the Board, Ronald helped build a foundation of excellence. While we will miss Ronald in his board capacity, Eric is an outstanding choice as his designee. On behalf of my fellow Directors, I thank Ronald for his leadership and many contributions and welcome Eric to the Board,\u201d said Richard F. Zannino, the Company\u2019s Lead Independent Director.<\/p>\n<p>\nIn addition to his activities with The Est\u00e9e Lauder Companies, Mr. Lauder served as Deputy Assistant Secretary of Defense for European and NATO Affairs from 1983 to 1986. From 1986 to 1987, he was U.S. Ambassador to Austria. Mr. Lauder is an Honorary Chairman of the Board of Trustees of the Museum of Modern Art and President of the Neue Galerie. He is also Chairman of the Board of Governors of the Joseph H. Lauder Institute of Management and International Studies at The Wharton School at the University of Pennsylvania and the co-founder and Co-Chairman of the Alzheimer\u2019s Drug Discovery Foundation.<\/p>\n<p><b><span class=\"bwuline\">Cautionary Note Regarding Forward-Looking Statements<br \/>\n<br \/><\/span><\/b>Statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include those in the various quotations. Although the Company believes that its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, actual results may differ materially from the Company\u2019s expectations. Factors that could cause actual results to differ from expectations include the ability to successfully implement its strategy, including the Company\u2019s profit recovery and growth plan; successfully transition its leadership; and those other factors described in the Company\u2019s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K. The Company assumes no responsibility to update forward-looking statements made herein or otherwise.<\/p>\n<p><b><span class=\"bwuline\">About The Est\u00e9e Lauder Companies<br \/>\n<br \/><\/span><\/b>The Est\u00e9e Lauder Companies Inc. is one of the world\u2019s leading manufacturers, marketers, and sellers of quality skin care, makeup, fragrance, and hair care products, and is a steward of luxury and prestige brands globally. The Company\u2019s products are sold in approximately 150 countries and territories under brand names including: Est\u00e9e Lauder, Aramis, Clinique, Lab Series, Origins, M\u00b7A\u00b7C, La Mer, Bobbi Brown Cosmetics, Aveda, Jo Malone London, Bumble and bumble, Darphin Paris, TOM FORD, Smashbox, AERIN Beauty, Le Labo, Editions de Parfums Fr\u00e9d\u00e9ric Malle, GLAMGLOW, KILIAN PARIS, Too Faced, Dr.Jart+, the DECIEM family of brands, including The Ordinary and NIOD, and BALMAIN Beauty.<\/p>\n<p>\nELC-C<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250110780748r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250110780748\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250110780748\/en\/<\/a><\/span><\/p>\n<p><b>Media Relations:<br \/>\n<\/b><br \/><b>Jill Marvin<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"mailto:jimarvin@estee.com\">jimarvin@estee.com<\/a><\/p>\n<p><b>Investor Relations:<br \/>\n<\/b><br \/><b>Rainey Mancini<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"mailto:rmancini@estee.com\">rmancini@estee.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> New York United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Cosmetics Retail Luxury<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250110780748\/en\/399480\/3\/elcompanieslogo655.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Ronald S. Lauder to Retire from The Est\u00e9e Lauder Companies\u2019 Board of Directors Eric Zinterhofer to join the Company\u2019s Board of Directors NEW YORK&#8211;(BUSINESS WIRE)&#8211; The Est\u00e9e Lauder Companies (NYSE: EL) announced today that Ronald S. Lauder will retire from the Company\u2019s Board of Directors (the \u201cBoard\u201d) effective immediately. Pursuant to the stockholders\u2019 agreement among Lauder family members and the Company, Mr. Lauder has the right to designate two directors of the Company. His daughter Jane Lauder will continue to serve on the Board in her current position, and he has named his son-in-law Eric Zinterhofer, who is married to his daughter Aerin Lauder, to be his second designee. In connection with Mr. Lauder\u2019s retirement from the Board and his &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ronald-s-lauder-to-retire-from-the-estee-lauder-companies-board-of-directors\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Ronald S. Lauder to Retire from The Est\u00e9e Lauder Companies\u2019 Board of Directors&#8221;<\/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-799419","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ronald S. Lauder to Retire from The Est\u00e9e Lauder Companies\u2019 Board of Directors - 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\/ronald-s-lauder-to-retire-from-the-estee-lauder-companies-board-of-directors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ronald S. Lauder to Retire from The Est\u00e9e Lauder Companies\u2019 Board of Directors - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Ronald S. Lauder to Retire from The Est\u00e9e Lauder Companies\u2019 Board of Directors Eric Zinterhofer to join the Company\u2019s Board of Directors NEW YORK&#8211;(BUSINESS WIRE)&#8211; The Est\u00e9e Lauder Companies (NYSE: EL) announced today that Ronald S. Lauder will retire from the Company\u2019s Board of Directors (the \u201cBoard\u201d) effective immediately. Pursuant to the stockholders\u2019 agreement among Lauder family members and the Company, Mr. Lauder has the right to designate two directors of the Company. His daughter Jane Lauder will continue to serve on the Board in her current position, and he has named his son-in-law Eric Zinterhofer, who is married to his daughter Aerin Lauder, to be his second designee. In connection with Mr. Lauder\u2019s retirement from the Board and his &hellip; Continue reading &quot;Ronald S. 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