Estée Lauder Companies’ Executive Vice President steps down

By Austyn King | Published: 13-Mar-2024

Deirdre Stanley will depart the MAC and Clinique owner next month after four years leading the company’s legal strategy

Estée Lauder Companies’ (ELC) Executive Vice President and General Counsel, Deirdre Stanley, is stepping down from her role at the beauty giant.

Stanley will depart from the owner of Clinique and MAC at the start of next month, with her replacement yet to be announced.

During her more than four-year career at ELC, Stanley led the company’s legal strategy, and is said to have strengthened its capabilities in areas including corporate strategy, reporting, compliance, risk mitigation and business transactions.

Stanley is also said to have been “instrumental” in improving the speed and efficiency of product claims and increasing the business’ efficiency through new technology.

ELC also praised her contribution to the company’s diversity and inclusivity initiatives.

“Deirdre is a highly respected leader and colleague across our organisation and industry,” said Fabrizio Freda, ELC’s CEO. 

“Since joining ELC in 2019, she has made many significant contributions to the company through her business acumen, knowledge of the legal landscape and thoughtful counsel.

“We would like to thank her for her terrific leadership, partnership and strategic counsel as we wish her the very best in her future endeavours.”

Prior to joining ELC, Stanley held roles at news provider Thomson Reuters and law firm Cravath, Swain & Moore. 

Her departure comes as ELC recently announced plans to cut 3,100 jobs as part of a financial recovery plan after seeing sales slump by 7% in Q2 2024.

The company also faced a class action lawsuit by investors over alleged ‘false’ statements about its product demand and inventory levels last year.

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