Estée Lauder Names John Demsey Executive Group President - Quick Facts

(RTTNews) - Estée Lauder Companies Inc. (EL) announced executive appointments, effective January 1, 2016. John Demsey will expand his responsibilities and become Executive Group President of the company. Jane Hertzmark Hudis will become Group President of the company.

Demsey will add Clinique and the Men's Skincare Group to his portfolio while continuing to oversee Aramis and Designer Fragrances, Prescriptives, M•A•C Cosmetics ("M•A•C"), Bobbi Brown, Jo Malone London, Bumble and bumble, Tom Ford, Smashbox, RODIN olio lusso, Le Labo, Editions de Parfums Frédéric Malle and GLAMGLOW. In his role, Demsey will also lead a newly created Center of Excellence for Creative, continuing to advance capabilities, processes and talent development in this important area for the Company.

Hudis will continue to lead the Company's Estée Lauder and AERIN brands while adding La Mer, Darphin, Origins and Aveda to her portfolio. Ms. Hudis will also join several leadership committees within the Company.

Both executives will report directly to Fabrizio Freda, President and Chief Executive Officer. These appointments follow the previously announced retirement of Lynne Greene, Group President, and are part of the Company's continuous organizational evolution to further align its expanding portfolio of brands while providing key leaders with increased opportunities. Ms. Greene will work closely with Mr. Demsey and Ms. Hudis to help ensure a seamless transition of responsibilities, as Ms. Greene prepares to retire on June 30, 2016.