NY-ESTÉE-LAUDER
The Estée Lauder Companies Inc. (NYSE: EL) today announced that Tracey T. Travis, Executive Vice President and Chief Financial Officer, has decided to retire, effective June 30, 2025, after more than twelve years of exemplary leadership and service at the company. A successor for the CFO role has been identified and will be named in the coming weeks. Tracey will work closely with this person to ensure a smooth and successful transition.
“Tracey has been an invaluable business partner and a trusted advisor to me, our executives and Board of Directors, as well as a mentor and role model to many across our organization,” said Fabrizio Freda, President and Chief Executive Officer. “She has built and led a robust, integrated Global Finance & Strategy organization that has served as a valued business partner across the company and has helped to optimize delivery of our financial plans. Her financial acumen, discipline, and operational excellence have been essential to our company’s growth, and so many areas of our organization have her valuable imprint on them.”
Since joining The Estée Lauder Companies (ELC), Tracey has led the company’s Global Finance, Accounting, Tax, Treasury, Investor Relations, Information Technology, and Strategy and New Business Development organizations. Tracey has also co-led the company’s Global Value Council and served as a member of the Executive Leadership Team and the Investment Development Committee. Tracey has also been a respected and engaging leader in her extensive work with our global investor community.
Under her guidance, the company has enhanced its financial strength and flexibility, enabling us to further invest in our long-term growth drivers, such as innovation, digital transformation, emerging markets, talent development, and M&A strategy. Additionally, Tracey has played a pivotal role in leading and advancing the financial profile of our global brand portfolio.
Over the last twelve years, Tracey built a robust, integrated Global Finance & Strategy (F&S) organization at ELC that serves as a valued business partner across the company, with a particular focus on cultivating talent across the organization to bring new perspectives to the finance function. Under her leadership, F&S has provided financial guidance throughout the enterprise while maximizing business and transformational opportunities, optimizing the capital structure, and supporting brand growth strategies and cash management. Tracey leaves the F&S function a transformed organization.
Together with ELC’s senior leadership, Tracey has deeply embedded the company’s corporate strategy throughout the organization, solidifying core planning processes with an emphasis on executional excellence. Working alongside senior leadership, Tracey and her team have implemented and driven a progressive end-to-end M&A strategy and value-driven empowerment and integration, including many important strategic acquisitions and investments such as DECIEM and TOM FORD. Tracey has also led the New Incubation Ventures (NIV) team to enable the sourcing, building, and growth of the brands and business models of tomorrow.
Tracey has helped further improve and elevate the company’s Information Technology function, strengthening its competitive edge through investments in areas such as digital tech centers around the world, embodying ELC’s global approach to technology management and innovation and enhancing the diversity of its capabilities. Tracey also served as an instrumental leader in establishing the company’s shared services capability to support the business and its growth.
Tracey played a critical role in strengthening talent development and engagement by developing and growing ELC’s Finance & Strategy Leadership Development Program (FASLEAP), and guiding the function’s approach to identifying, training, and placing top talent. Tracey has also been a committed Global Executive Sponsor of the Women’s Leadership Network (WLN) employee resource group (ERG), where she helped further a culture of recognizing women as pioneers in the beauty industry and highlighting their creativity and ingenuity in shaping trends and redefining standards. She has been a passionate advocate for the company’s efforts across philanthropy, citizenship and sustainability, and inclusion, diversity and equity, including by championing initiatives to advance racial equity and representation within the company and the beauty industry.
“An inspiring and visionary leader, Tracey has been deeply committed to exemplifying our values throughout her years of dedicated service to our company,” said William P. Lauder, Executive Chairman. “Tracey has had a remarkable impact on driving our business forward by leading our portfolio strategy, but also by developing our talent, cultivating a culture of inclusion and continued learning, and advancing initiatives to foster a more diverse and equitable workplace and marketplace.”
Tracey has been honored with numerous industry awards and accolades throughout her distinguished career. She received a Best CFO award by Institutional Investor magazine, was recognized as one of the “Top 100 African Americans in Corporate America,” as well as “The Most Powerful Women in Corporate America” by Black Enterprise magazine. In 2019, she was honored with an Achiever Award by Cosmetic Executive Women. Tracey currently serves as a director on the Board of Accenture PLC and the Board of Meta Platforms Inc. (formerly, Facebook).
ABOUT THE ESTÉE LAUDER COMPANIES
The Estée Lauder Companies Inc. is one of the world’s 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’s products are sold in approximately 150 countries and territories under brand names including: Estée Lauder, Aramis, Clinique, Lab Series, Origins, M·A·C, La Mer, Bobbi Brown Cosmetics, Aveda, Jo Malone London, Bumble and bumble, Darphin Paris, TOM FORD, Smashbox, AERIN Beauty, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, KILIAN PARIS, Too Faced, Dr.Jart+, and the DECIEM family of brands, including The Ordinary and NIOD.
For more information, visit www.elcompanies.com.
ELC-C
ELC-L
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240711879987/en/
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
ExxonMobil Announces Licensing Agreement to Expand Proprietary Rebar Processing Technology to Global Markets30.10.2024 14:00:00 CET | Press release
ExxonMobil acquires the exclusive overseas licensing rights for Neuvokas Corporation’s proprietary composite rebar manufacturing process. ExxonMobil’s Proxxima™ polyolefin thermoset resin system paired with this patented process delivers a cost-effective, corrosion free, lightweight and long-lasting rebar as an alternative to steel. ExxonMobil announced today a strategic licensing agreement with Neuvokas Corporation, producer of GatorBar®, an industry leading glass fiber reinforced polymer (GFRP) composite rebar. Under this agreement, ExxonMobil has obtained exclusive rights to sub-license Neuvokas’ proprietary manufacturing process in markets outside of North America. This collaboration marks a significant step towards expanding the global market of composite rebar within the concrete reinforcement sector. ExxonMobil’s Proxxima™ system’s ultra-low viscosity and snap cure technology, paired with Neuvokas’ innovative process, enables production speeds up to 20 times faster than traditio
Traceable Releases 2025 State of API Security Report: API Breaches Persist as Fraud, Bot Attacks, and Generative AI Increase Risks30.10.2024 13:25:00 CET | Press release
57% of Organizations Suffer API-related Breaches; Fraud, Bot Attacks, and Generative AI Applications Exploit API Vulnerabilities as Traditional Defenses Fail Traceable AI, the industry's leading API security company, today released its second annual research report—the 2025 Global State of API Security. The findings demonstrate that organizations are failing to protect their APIs despite persistent breaches and increased awareness of security risks. This comprehensive study, incorporating insights from over 1,500 IT and cybersecurity experts across the US, UK, and EMEA, reveals fundamental weaknesses in API security strategies and tracks how these issues have shifted since our inaugural report. Key findings examine the most pressing API security issues organizations face today: increasing bot attacks and fraud, risks from third-party APIs, and the new security implications of generative AI applications. Download the full report for in-depth analysis. Key Findings Include:API-Related Da
Berkshire Partners Announces Close of Fund XI with Approximately $7.8 Billion in Commitments30.10.2024 13:18:00 CET | Press release
Marks largest fundraise in firm’s nearly 40-year history Berkshire Partners (“Berkshire”), a Boston-based private equity firm focused on the middle market, today announced the close of Berkshire Fund XI (“Fund XI”) with approximately $7.8 billion in capital commitments, making it Berkshire’s largest fund since the firm’s inception in 1986. Fund XI was meaningfully oversubscribed, which the firm believes underscores investors’ support for the firm’s multi-sector middle market investment strategy. “We are grateful to have received this level of support from a terrific group of sophisticated, global investors, both existing and new, as demand exceeded our original target fund size,” said Mike Ascione,Managing Director at Berkshire Partners. “We believe our team’s history supporting the transformation of high-potential middle market companies into enduring leaders across economic cycles resonated with investors, and we feel confident that we are well-positioned to continue deploying capita
Helfie AI Collaborates With Microsoft to Offer AI-Powered Mobile Platform to Microsoft Enterprise Customers30.10.2024 13:00:00 CET | Press release
Helfie AI also joins Microsoft for Startups Pegasus Program for high-potential startups Helfie AI (“the Company” or “Helfie”), a global mobile health platform, has collaborated with Microsoft to offer Microsoft enterprise customers the ability to license Helfie’s cutting-edge health assessment tools directly through Microsoft Azure Marketplace. Helfie, which has the potential to achieve unicorn status, has also been accepted into the highly selective Microsoft for Startups Pegasus program, which is reserved for a small handful of startups with established product-market fit. The Microsoft relationship marks a significant milestone in Helfie’s mission to revolutionize global healthcare access and participation. Helfie is a ground-breaking mobile platform powered by artificial intelligence that enables anyone with a smartphone anywhere in the world to check for a range of health conditions quickly and accurately with the support of health professionals. Helfie’s AI mobile platform is dev
Armis Named to Fortune Cyber 6030.10.2024 12:30:00 CET | Press release
List highlights the top venture-backed companies in cybersecurity Armis, the cyber exposure management & security company, today announced it has been named to the Fortune Cyber 60, presented by Lightspeed. The list, prepared in conjunction with Fortune magazine, highlights the most important venture-backed startups offering enterprise-grade cybersecurity solutions. “This achievement is proof of the incredible growth we’ve achieved as a result of increasing customer demand for our platform,” said Yevgeny Dibrov, CEO and Co-Founder of Armis. “It’s essential that the cybersecurity community as a whole continues to innovate to provide cutting-edge technologies that enable global security teams to combat the malicious actors who aim to disrupt society as we know it. Only with recognition of the importance of the industry and continued investment in the organizations driving the community forward can this critical sector stay a step ahead of the sophisticating tactics of cybercriminals.” Ea
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom