Estee Lauder CEO Fabrizio Freda to Retire Amid Disappointing Outlook

The beauty giant faces challenges with weak demand in China and North America as it navigates a leadership transition.

Fabrizio Freda will step down as CEO in June 2025 after nearly 16 years at the helm.
The company forecasts lower-than-expected earnings and sales for fiscal 2025.
Weak demand in the Chinese beauty market significantly impacts the company's performance.
Estee Lauder's stock has plummeted about 75% since its peak in January 2022.
The board is advanced in its succession planning, considering both internal and external candidates.