Tracey Travis, the chief financial officer of Estée Lauder Companies, is set to retire, the beauty conglomerate announced on Thursday.
Travis, who has been in the position for 12 years, will remain in her role for the next year, with her retirement effective June 30, 2025. Her successor has already been selected — ELC declined to share who it is at this moment, saying in a statement that they will be revealed in the next few weeks.
As CFO, Travis led eight organisations within Estée Lauder, including global finance, accounting, strategy and new business development. She also co-led the company’s global value council and served as a member of the executive leadership team and the investment development committee. Prior to joining ELC in 2012, Travis served as the CFO for Ralph Lauren for seven years.
In its latest earnings report, ELC managed to post its first sales increase since the end of 2022. However, a rebound in the all-important China market has been slow.
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Estée Lauder Grows Sales, But Still Hasn’t Solved Its China Problem
The company reported a long-awaited lift in net sales in its third quarter results, with increases from skincare leading the way, but clouds persist over its China recovery.
