Latest news with #TheEstéeLauderCompanies
Yahoo
18-07-2025
- Business
- Yahoo
State Street CTO moves to CIO role
This story was originally published on CIO Dive. To receive daily news and insights, subscribe to our free daily CIO Dive newsletter. Dive Brief: State Street Corporation tapped Andrew Zitney to serve as EVP and CIO, effective this week, the bank told CIO Dive on Thursday. Zitney, a State Street veteran, served for five years as the bank's CTO and became interim CIO following the departure of Brian Franz, who moved to The Estée Lauder Companies, where he now holds a leadership position as chief technology, data and analytics officer. 'Andy brings extensive experience and expertise leading cutting-edge technology and driving transformation, underscoring our commitment to advancing our technology, supporting business growth and fostering innovation through responsible AI,' State Street COO Mostapha Tahiri said Wednesday on LinkedIn. Dive Insight: The leadership change comes amid seismic shifts in financial sector technology strategy triggered by AI adoption and ongoing modernization at State Street. The bank prioritized investments in AI and automation technologies three years ago, after launching a cloud-based, wealth-management data platform leveraging Microsoft Azure infrastructure in 2020. State Street further expanded its cloud estate and streamlined its data center footprint as part of a 2023 AWS alliance. Digital transformation remains front and center for the firm, executives said Tuesday, during the bank's Q2 2025 earnings call Tuesday, for the period ending June 30. 'We continue to invest in technology and infrastructure to modernize our platforms while enhancing data delivery and user experience,' Mark Keating, State Street EVP and interim CFO, said. The bank's information systems and communications expenses increased 11% year over year during the second quarter to $523 million, according to Keating. During the same three-month period, State Street saw annual recurring revenue for its cloud-based platform grow 10% year over year to $379 million. 'We are pleased with our ongoing success in transitioning clients to our cloud-based SaaS platform,' said Keating. As CTO, Zitney oversaw infrastructure, engineering, enterprise architecture and end-user experience, according to the bank's website. Prior to his appointment to CIO, the bank published a report highlighting the importance of unlocking legacy data for modern AI applications. 'Institutional investors are at a pivotal moment in their data transformation journey,' Joerg Ambrosius, president of investment services at State Street, said in the June report. 'What our research confirms is that a holistic data strategy is no longer a competitive advantage — it is becoming a baseline expectation.' Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
National Post
16-07-2025
- Business
- National Post
Aude Gandon Appointed Chief Digital & Marketing Officer, The Estée Lauder Companies
Article content NEW YORK — The Estée Lauder Companies Inc. (NYSE: EL) announced today that Aude Gandon has been appointed Chief Digital & Marketing Officer (CDMO), effective August 1, 2025. Ms. Gandon will report directly to Stéphane de La Faverie, President and Chief Executive Officer, and will join the company's Executive Team. Article content In this newly created role, Ms. Gandon will lead the transformation of the company's digital, marketing and media ecosystem, shaping end-to-end strategies across its powerful brand portfolio, and will oversee global digital commerce. Her appointment reflects the company's commitment to evolving its consumer-centric approach and strengthening marketing as a commercial growth engine. Article content 'Aude is an exceptional and accomplished global marketing leader with extensive experience transforming major consumer-facing businesses in the digital age,' said Stéphane de La Faverie. 'Her deep expertise across all facets of marketing—from brand strategy and creative development to digital transformation and data analytics—will be instrumental as we continue to build stronger consumer connections. Her global perspective and proven track record of leading large-scale marketing, digital and media transformations make her the ideal leader for this critical role as we shape the future of prestige beauty.' Article content As CDMO, Ms. Gandon will lead the company's precision marketing, creative operations, consumer and category insights, regional store design and visual merchandising, omnichannel media strategy, and global consumer care; she will also oversee global digital commerce and partner closely with regional leadership to accelerate Online performance. This broad remit positions Ms. Gandon to elevate the consumer journey at every touchpoint to drive and amplify brand equity through creativity, precision and performance. Article content Ms. Gandon brings a unique blend of visionary leadership, digital expertise and creative acumen. She joins The Estée Lauder Companies from Nestlé, where she most recently served as Global Chief Marketing Officer and led the company's digital transformation across 188 markets and more than 2,000 brands. She implemented new operating models, launched many global content studios, and developed strategic partnerships with major tech platforms, including Google, Meta, Amazon, and Netflix. Article content Prior to Nestlé, Ms. Gandon held leadership roles at Google, including Global Managing Director for Platform & Ecosystems, where she led integrated brand and creative strategies across five continents. Her earlier career includes senior roles in global advertising agencies such as Publicis Worldwide, McCann, and Leo Burnett, working with world-class beauty and luxury clients including L'Oréal, P&G Beauty, and LVMH. Article content 'I am thrilled to join The Estée Lauder Companies, a company with an unparalleled portfolio of powerful brands and a strong heritage of innovation,' said Aude Gandon. 'As consumer behaviors continue to evolve, the opportunity to lead the digital and marketing transformation for a premier prestige beauty company is incredibly exciting. I look forward to partnering with the talented teams there to enhance our digital capabilities, deepen consumer connections, and drive growth across brands and channels.' Article content Ms. Gandon has previously served on the Board of Directors for CAPSUM, an innovative developer of skin care and makeup formulas, and is currently a board member of the World Federation of Advertisers, where she represents Europe and is chair of the Global CMO Committee. She also serves on the Amazon Ad Council and Meta Client Council. Article content Cautionary Note Regarding Forward-Looking Statements Article content Statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include those in the various quotations. Although the Company believes that its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, actual results may differ materially from the Company's expectations. Factors that could cause actual results to differ from expectations include the ability to successfully implement its strategy, including the Company's profit recovery and growth plan; successfully transition its leadership; and those other factors described in the Company's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K. The Company assumes no responsibility to update forward-looking statements made herein or otherwise. Article content The Estée Lauder Companies Inc. is one of the world's leading manufacturers, marketers, and sellers of quality skin care, makeup, fragrance, and hair care products, and is a steward of luxury and prestige brands globally. The Company's products are sold in approximately 150 countries and territories under brand names including: Estée Lauder, Aramis, Clinique, Lab Series, Origins, M·A·C, La Mer, Bobbi Brown Cosmetics, Aveda, Jo Malone London, Bumble and bumble, Darphin Paris, TOM FORD, Smashbox, AERIN Beauty, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, KILIAN PARIS, Too Faced, the DECIEM family of brands, including The Ordinary and NIOD, and BALMAIN Beauty. Article content Article content Article content Article content Article content Contacts Article content Media Relations: Article content Article content Meridith Webster Article content Article content mwebster@ Article content Article content
Business Wire
16-07-2025
- Business
- Business Wire
Aude Gandon Appointed Chief Digital & Marketing Officer, The Estée Lauder Companies
NEW YORK--(BUSINESS WIRE)--The Estée Lauder Companies Inc. (NYSE: EL) announced today that Aude Gandon has been appointed Chief Digital & Marketing Officer (CDMO), effective August 1, 2025. Ms. Gandon will report directly to Stéphane de La Faverie, President and Chief Executive Officer, and will join the company's Executive Team. In this newly created role, Ms. Gandon will lead the transformation of the company's digital, marketing and media ecosystem, shaping end-to-end strategies across its powerful brand portfolio, and will oversee global digital commerce. Her appointment reflects the company's commitment to evolving its consumer-centric approach and strengthening marketing as a commercial growth engine. 'Aude is an exceptional and accomplished global marketing leader with extensive experience transforming major consumer-facing businesses in the digital age,' said Stéphane de La Faverie. 'Her deep expertise across all facets of marketing—from brand strategy and creative development to digital transformation and data analytics—will be instrumental as we continue to build stronger consumer connections. Her global perspective and proven track record of leading large-scale marketing, digital and media transformations make her the ideal leader for this critical role as we shape the future of prestige beauty." As CDMO, Ms. Gandon will lead the company's precision marketing, creative operations, consumer and category insights, regional store design and visual merchandising, omnichannel media strategy, and global consumer care; she will also oversee global digital commerce and partner closely with regional leadership to accelerate Online performance. This broad remit positions Ms. Gandon to elevate the consumer journey at every touchpoint to drive and amplify brand equity through creativity, precision and performance. Ms. Gandon brings a unique blend of visionary leadership, digital expertise and creative acumen. She joins The Estée Lauder Companies from Nestlé, where she most recently served as Global Chief Marketing Officer and led the company's digital transformation across 188 markets and more than 2,000 brands. She implemented new operating models, launched many global content studios, and developed strategic partnerships with major tech platforms, including Google, Meta, Amazon, and Netflix. Prior to Nestlé, Ms. Gandon held leadership roles at Google, including Global Managing Director for Platform & Ecosystems, where she led integrated brand and creative strategies across five continents. Her earlier career includes senior roles in global advertising agencies such as Publicis Worldwide, McCann, and Leo Burnett, working with world-class beauty and luxury clients including L'Oréal, P&G Beauty, and LVMH. 'I am thrilled to join The Estée Lauder Companies, a company with an unparalleled portfolio of powerful brands and a strong heritage of innovation," said Aude Gandon. "As consumer behaviors continue to evolve, the opportunity to lead the digital and marketing transformation for a premier prestige beauty company is incredibly exciting. I look forward to partnering with the talented teams there to enhance our digital capabilities, deepen consumer connections, and drive growth across brands and channels.' Ms. Gandon has previously served on the Board of Directors for CAPSUM, an innovative developer of skin care and makeup formulas, and is currently a board member of the World Federation of Advertisers, where she represents Europe and is chair of the Global CMO Committee. She also serves on the Amazon Ad Council and Meta Client Council. Cautionary Note Regarding Forward-Looking Statements Statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include those in the various quotations. Although the Company believes that its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, actual results may differ materially from the Company's expectations. Factors that could cause actual results to differ from expectations include the ability to successfully implement its strategy, including the Company's profit recovery and growth plan; successfully transition its leadership; and those other factors described in the Company's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K. The Company assumes no responsibility to update forward-looking statements made herein or otherwise. About The Estée Lauder Companies The Estée Lauder Companies Inc. is one of the world's leading manufacturers, marketers, and sellers of quality skin care, makeup, fragrance, and hair care products, and is a steward of luxury and prestige brands globally. The Company's products are sold in approximately 150 countries and territories under brand names including: Estée Lauder, Aramis, Clinique, Lab Series, Origins, M·A·C, La Mer, Bobbi Brown Cosmetics, Aveda, Jo Malone London, Bumble and bumble, Darphin Paris, TOM FORD, Smashbox, AERIN Beauty, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, KILIAN PARIS, Too Faced, the DECIEM family of brands, including The Ordinary and NIOD, and BALMAIN Beauty.
Business Insider
10-07-2025
- Business
- Business Insider
RBC Capital Sticks to Their Buy Rating for The Estée Lauder Companies (EL)
In a report released on July 8, Nik Modi from RBC Capital maintained a Buy rating on The Estée Lauder Companies, with a price target of $90.00. The company's shares closed yesterday at $86.61. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Modi covers the Consumer Defensive sector, focusing on stocks such as Constellation Brands, Procter & Gamble, and Clorox. According to TipRanks, Modi has an average return of 1.2% and a 51.98% success rate on recommended stocks. In addition to RBC Capital, The Estée Lauder Companies also received a Buy from Evercore ISI's Robert Ottenstein in a report issued on June 26. However, yesterday, Wells Fargo maintained a Hold rating on The Estée Lauder Companies (NYSE: EL).
Business Insider
25-06-2025
- Business
- Business Insider
The billionaires who bet big on the NYC mayoral primary — and lost
High-profile billionaires poured millions of dollars into the New York City mayoral election. On Tuesday, they lost their first battle. New York State Assemblyman Zohran Mamdani is projected to become the Democratic nominee for mayor of New York City, defeating former Gov. Andrew Cuomo. Cuomo had enjoyed the support of big names in business and finance as he sought to fend off Mamdani, a Democratic socialist who has proposed a rent freeze and higher taxes on the city's wealthiest residents. Most of them donated to Fix the City, an outside nonprofit group that spent money on pro-Cuomo and anti-Mamdani ads. The group has reported receiving nearly $25 million in contributions. $8.3 million of that sum came from Michael Bloomberg, himself a former NYC mayor and the billionaire owner of Bloomberg LP. "I also know his strengths as a leader and manager," Bloomberg said in a statement endorsing Cuomo. "Of all the candidates, Andrew has the skills our city needs to lead us forward." Billionaire hedge fund manager Bill Ackman and William Lauder, the executive chairman of The Estée Lauder Companies, each gave $500,000 to the group. In the days leading up to the primary, Ackman wrote or reshared multiple posts on X that were critical of Mamdani. Media mogul Barry Diller, Netflix chairman Reed Hastings, and billionaire hedge fund manager Daniel Loeb each donated $250,000. Alice Walton, a billionaire philanthropist from the family that founded Walmart, contributed $100,000. Citadel CEO Ken Griffin gave $50,000 to Sensible City, a separate anti-Mamdani group. Several of those same billionaires — including Ackman, Loeb, and Griffin — supported President Donald Trump's 2024 campaign, a fact that Mamdani frequently emphasized on the campaign trail. As of Wednesday, Mamdani leads with 43.5% of the vote, compared to Cuomo's 36.4%, with 93% of votes in. Because New York City uses a ranked-choice voting system, final results may take a week to determine, but Mamdani is expected to prevail. Cuomo conceded the primary Tuesday night. Cuomo could still run as a third-party candidate in the general election in November, but it is unclear if he will. On Tuesday, he told supporters that he was still considering his next move. Current mayor Eric Adams is running as an independent, while Curtis Sliwa is the Republican nominee. Jim Walden, an attorney, is also running as an independent. If Cuomo decides not to run in the general election, the billionaires who previously backed his campaign could theoretically support another one of these candidates. Adams's reelection prospects are in question after Trump's Justice Department moved to drop corruption charges against the mayor earlier this year.
