The Estée Lauder Companies Names Akhil Shrivastava as Executive Vice President and Chief Financial Officer Effective November 1, 2024
The Estée Lauder Companies Inc. (NYSE: EL) has announced that Akhil Shrivastava will become the new Executive Vice President and Chief Financial Officer, effective November 1, 2024. He will succeed Tracey T. Travis, who is retiring. Akhil, with over 25 years of financial and leadership experience, will oversee Global Finance, Accounting, Tax, Treasury, Investor Relations, and New Business Development.
Akhil joined ELC in 2015 and has held several senior finance roles. He will lead the Global Finance & Strategy organization and focus on driving sustainable value creation, governance, and strategic business objectives. Akhil will report to William P. Lauder, Executive Chairman, and Fabrizio Freda, President and CEO.
Le Estée Lauder Companies Inc. (NYSE: EL) hanno annunciato che Akhil Shrivastava diventerà il nuovo Vicepresidente Esecutivo e Chief Financial Officer, a partire dal 1 novembre 2024. Subentrerà a Tracey T. Travis, che si sta ritirando. Akhil, con oltre 25 anni di esperienza finanziaria e di leadership, sovrintenderà a Finanza Globale, Contabilità, Fisco, Tesoreria, Relazioni con gli Investitori e Sviluppo di Nuovi Business.
Akhil è entrato a far parte di ELC nel 2015 e ha ricoperto diversi ruoli senior nel settore finanziario. Dirigerà l'organizzazione Finanza & Strategia Globale e si concentrerà sulla creazione di valore sostenibile, governance e obiettivi strategici aziendali. Akhil riferirà a William P. Lauder, Presidente Esecutivo, e Fabrizio Freda, Presidente e CEO.
Las empresas Estée Lauder Inc. (NYSE: EL) han anunciado que Akhil Shrivastava se convertirá en el nuevo Vicepresidente Ejecutivo y Director Financiero, a partir del 1 de noviembre de 2024. Sucederá a Tracey T. Travis, quien se jubila. Akhil, con más de 25 años de experiencia en finanzas y liderazgo, supervisará Finanzas Globales, Contabilidad, Fiscalidad, Tesorería, Relaciones con Inversores y Desarrollo de Nuevos Negocios.
Akhil se unió a ELC en 2015 y ha ocupado varios roles financieros de alto nivel. Dirigirá la organización de Finanzas y Estrategia Global y se centrará en impulsar la creación de valor sostenible, la gobernanza y los objetivos estratégicos del negocio. Akhil informará a William P. Lauder, Presidente Ejecutivo, y Fabrizio Freda, Presidente y CEO.
에스테 라우더 컴퍼니즈 주식회사 (NYSE: EL)는 Akhil Shrivastava가 2024년 11월 1일부터 새로운 수석 부회장 겸 최고재무책임자로 임명될 것이라고 발표했습니다. 그는 퇴임하는 Tracey T. Travis를 이어받게 됩니다. Akhil은 25년 이상의 재무 및 리더십 경험을 가지고 있으며, 글로벌 재무, 회계, 세무, 자금, 투자자 관계 및 신규 사업 개발을 감독할 것입니다.
Akhil은 2015년에 ELC에 합류했으며 여러 고위 재무 직책을 맡아왔습니다. 그는 글로벌 재무 및 전략 조직을 이끌고 지속 가능한 가치 창출, 거버넌스 및 전략적 비즈니스 목표를 추진하는 데 집중할 것입니다. Akhil은 William P. Lauder, Executive Chairman 및 Fabrizio Freda, President and CEO에게 보고할 것입니다.
Les entreprises Estée Lauder Inc. (NYSE: EL) ont annoncé que Akhil Shrivastava sera le nouveau Vice-Président Exécutif et Directeur Financier à compter du 1er novembre 2024. Il succédera à Tracey T. Travis, qui prend sa retraite. Akhil, avec plus de 25 ans d'expérience financière et de leadership, supervisera les Finances Globales, la Comptabilité, la Fiscalité, la Trésorerie, les Relations Investisseurs et le Développement de Nouveaux Affaires.
Akhil a rejoint ELC en 2015 et a occupé plusieurs postes financiers de haut niveau. Il dirigera l'organisation Finances et Stratégie Globales et se concentrera sur la création de valeur durable, la gouvernance et les objectifs stratégiques de l'entreprise. Akhil rapportera à William P. Lauder, Président Exécutif, et Fabrizio Freda, Président et CEO.
Die Estée Lauder Companies Inc. (NYSE: EL) haben angekündigt, dass Akhil Shrivastava ab dem 1. November 2024 neuer Executive Vice President und Chief Financial Officer wird. Er wird Tracey T. Travis nachfolgen, die in den Ruhestand geht. Akhil verfügt über mehr als 25 Jahre Erfahrung in den Bereichen Finanzen und Führung. Er wird die globale Finanzabteilung, die Buchhaltung, die Steuerabteilung, das Treasury, die Investor Relations und die Entwicklung neuer Geschäfte leiten.
Akhil trat 2015 in die ELC ein und hatte mehrere führende Finanzpositionen inne. Er wird die Organisation für globale Finanzen und Strategie leiten und sich auf die Schaffung nachhaltiger Werte, Governance und strategische Unternehmensziele konzentrieren. Akhil wird an William P. Lauder, Executive Chairman, und Fabrizio Freda, President und CEO, berichten.
- Appointment of experienced CFO with over 25 years in finance and leadership
- Akhil Shrivastava's internal promotion showcases strong succession planning
- New CFO to focus on rebuilding profitability and accelerating sales growth
- None.
![The Estée Lauder Companies Names Akhil Shrivastava as Executive Vice President and Chief Financial Officer, Effective November 1, 2024 (Photo: Business Wire)](https://mms.businesswire.com/media/20240723453390/en/2194208/4/Akhil_Shrivastava_Headshot.jpg)
The Estée Lauder Companies Names Akhil Shrivastava as Executive Vice President and Chief Financial Officer, Effective November 1, 2024 (Photo: Business Wire)
Akhil will assume his new role effective November 1, 2024. Tracey will remain at the Company until her retirement on June 30, 2025 to support a seamless transition.
“With over 25 years of extensive financial and leadership experience, Akhil is an exceptional and capable leader whose financial and strategic expertise and insights have been important in supporting the Company over the past several years, and he will be instrumental in driving forward our strategic direction and decisions,” said Fabrizio Freda. “I look forward to partnering with Akhil as we continue to rebuild stronger, more sustainable profitability and sales growth acceleration across the business.”
In his new role as Chief Financial Officer, Akhil will be responsible for the Company’s Global Finance, Accounting, Tax, Treasury, Investor Relations and New Business Development organizations. He will lead ELC’s Global Finance & Strategy (F&S) organization and will continue to cultivate and strengthen the tremendously talented Finance & Strategy Team, continuing to imbue agility and consumer-focus across the organization to drive sustainable value creation, governance, and strategic business objectives and priorities for the long-term.
Since joining ELC in 2015, Akhil has held several senior finance roles within the Company. He was recently named ELC’s Senior Vice President, Corporate Controller, a role that oversees Corporate Accounting and Financial Planning & Analysis, the International and Online Finance organizations, Pricing and Value Chain Finance, serving on both the Finance & Strategy Leadership Team and Executive Leadership Team. He also oversees the Operational Excellence pillar as part of the Profit Recovery and Growth Plan focused on driving strong inventory, cash, and cost improvements for the Company. Prior to his current role, he was Senior Vice President, Treasurer, where he was responsible for core Treasury functions, the Enterprise Risk Program, Real Estate, and oversight of the Company’s retirement funds.
Akhil will serve as a member of several of ELC’s senior management leadership groups including the Executive Leadership Team, Investment Development Committee, Fiduciary Investment Committee, and Corporate Risk Management Committee. In some cases, his membership will continue, and, in others, he will be a new member.
“Akhil has demonstrated his capabilities as a transformational, visionary, and collaborative leader who combines finance and strategy with an appreciation for the creativity within our business and our brands with consumers at the heart,” said William P. Lauder. “He also has a keen ability to cultivate high-performing teams and organizations and will continue to strengthen the tremendously talented Finance & Strategy organization, which will be instrumental in continuing to drive our strategic business objectives and priorities for the long-term.”
Akhil first joined ELC in 2015 as Vice President, Global Finance & Strategy for the Estée Lauder brand and was then appointed to the role of Senior Vice President, Global Finance & Strategy for Jane Hertzmark Hudis’ Brand Cluster in January 2019, where he provided strategic leadership and financial guidance while maximizing business and transformational opportunities across the brand cluster. Specifically, he helped allocate resources to support and promote the best growth opportunities from a consumer, sub-category, geography, and channel perspective.
He has also served as a valued member of many key enterprise initiatives at the Company, providing strategic financial direction for projects which include transforming ELC’s planning processes and capabilities to support the end-to-end business from consumer demand to delivery.
“With its leading portfolio of iconic brands, extensive global reach, and impressively talented people, I am honored to lead the Global Finance team,” said Akhil Shrivastava. “I look forward to helping to advance the Company’s multiple engines of growth to rebuild stronger, more sustainable profitability and support sales growth acceleration across brands, product categories, and regions while evolving the business for the future.”
Before joining The Estée Lauder Companies, Akhil spent eighteen years at Procter & Gamble, where he served in several finance and leadership roles across
Akhil is a graduate of Engineering College in Rewa,
Cautionary Note Regarding Forward-Looking Statements
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 the various quotations related to rebuilding profitability and sales growth and the future of the finance and strategy function. 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’s expectations. Factors that could cause actual results to differ from expectations include the ability to successfully implement the Company’s profit recovery and growth plan and those described in the Company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2023. The Company assumes no responsibility to update forward-looking statements made herein or otherwise.
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
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Media Relations:
Jill Marvin
jimarvin@estee.com
Investor Relations:
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Source: The Estée Lauder Companies
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