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The Estée Lauder Companies ( (EL) ) just unveiled an update.
Ronald S. Lauder has announced his retirement from the Board of Directors of The Estée Lauder Companies effective January 10, 2025, after serving since 2016. The decision was not due to any disagreements, and he will continue as Chairman of Clinique Laboratories LLC. Eric Zinterhofer has been elected as a Class II director to replace him. Mr. Zinterhofer, a founding partner of Searchlight Capital Partners and son-in-law of Mr. Lauder, will be succeeding him under the Stockholders’ Agreement. The agreement, which involves the Lauder family’s significant voting power, ensures continuity in the board’s composition and maintains the family’s influence within the company.
More about The Estée Lauder Companies
YTD Price Performance: -0.43%
Average Trading Volume: 4,623,289
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $26.44B
Learn more about EL stock on TipRanks’ Stock Analysis page.
