ELC announces change in key leadership
On March 11, 2022 The Estee Lauder Companies Inc (ELC) announced key leadership appointments for its Travel Retail Business. Following the announcement that Oliver Bottrie, the current Global President, Travel Retail and Retail Development will retire in June 2022, ELC made the following appointments. Israel Assa will succeed Botrrie as Global President, Travel Retail Worldwide. Javier Simon, will succeed Assa and will be named President, Commercial, Travel Retail Worldwide. Finally, Andrea Dorigo is Senior Vice President, General Manager, Global Retail and Head of Commercial, North America.
StructuralIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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