Estée Lauder homes in on makeup segment with new president
Sequino's previous nine-year tenure at the American beauty giant included senior roles across both global and North America businesses. She served as senior vice president and general manager of Estée Lauder, North America, and later worked as senior vice president, brands, North America, where she oversaw a multi-brand portfolio across skincare, makeup, and fragrance.
'We are thrilled to welcome Lisa as the new leader of our makeup cluster,' said Jane Hertzmark Hudis. 'She is a powerful leader with a strong record of driving brand and business results. Her unique combination of strategic and conceptual thinking, entrepreneurial mindset and operational excellence makes her exceptionally well-suited to fast track our makeup cluster into its next phase of growth. Under Lisa's leadership, we are focused on winning with today's makeup consumer across generations, geographies and channels.'
Sequino's appointment comes as Estée Lauder looks to strengthen its makeup category following weaker demand for its products. In its most recent trading update, makeup sales for the three months ending March 31 plunged 9 percent to $1.04 billion.
Last month, the company announced the appointment of fashion veteran Nicola Formichetti to the role of creative director of M.A.C Cosmetics, in a bid to inject some star designer power into its makeup brand.
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