Overview

• 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.