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Will remain chairman emeritus, providing advice and counsel on a variety of business topics.
August 24, 2023
By: TOM BRANNA
Editor
Leonard A. Lauder has informed The Estée Lauder Companies of his decision not to stand for re-election to the company’s board of directors (the “Board”) at the annual meeting in November. He remains chairman emeritus of the company. Pursuant to the stockholders’ agreement among Lauder family members and the company, Leonard Lauder has the right to designate two directors of the company. In addition to his son William P. Lauder, who serves as executive chairman, Leonard Lauder has designated h...
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