August 2023

It’s the top of an era: Leonard A. Lauder will step down from the board of directors of the Estée Lauder Cos. in November when his current term expires. Lauder, who turned 90 this 12 months, will retain the title of chairman emeritus of the firm, which was founded by his parents, Estée and Joseph Lauder, in 1946. He will even proceed his role as “chief teacher officer,” and be involved in key initiatives around worker engagement and brand symposiums. “You’ll still see me out and about, and maybe at your desk, your retail store or at an organization event,” Lauder wrote in an internal memo to company employees obtained by WWD. “As we head into the longer term together, my calling...