Despite speculation about who could lead on The Estée Lauder Cos. next, Fabrizio Freda, the chief executive officer for the past 13 years, stressed that he’s not going anywhere.
Answering an issue about succession planning and the transition process on the cosmetics giant on the Morgan Stanley Global Consumer and Retail Conference in Latest York Wednesday within the wake of the retirement of another senior executive, Freda, who's 65, said he's “completely committed to proceed leading this company for the foreseeable future.”
“There isn't any plan from my angle to enter a transition period. We're, by the way in which, in the midst of the massive business transition on the market. There's quite a lot of evolution issues world wide,” he continued....
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