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AI brief of an SEC Form 8-K · Estée Lauder Companies (The) (EL)

Estee Lauder names Stephane de La Faverie CEO effective January 1, 2025

Neutral Impact 4 of 5 leadership Written later

Estee Lauder's board appointed Executive Group President Stephane de La Faverie as President and Chief Executive Officer effective January 1, 2025, succeeding Fabrizio Freda, who will resign from the board on December 31, 2024 and remain as Special Advisor until June 30, 2026. William P. Lauder will step down as Executive Chairman after the November 8, 2024 annual meeting and remain on the board as Chair, retiring as an employee on March 1, 2025.

Key points

  • De La Faverie's base salary will be $1,500,000 with a target bonus opportunity of $3,000,000, prorated for fiscal 2025.
  • Freda's annual base salary remains $2,100,000 and his target bonus stays at $5,775,000 during his Special Advisor period.
  • Lauder will receive a $225,000 annual retainer as Board Chair beginning March 1, 2025.

The filing

CompanyEstée Lauder Companies (The) (EL)
Form8-K, current report
Filed with the SECNov 1, 2024, 4:30 PM ET
Accession number0001104659-24-113517

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 01, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.