Announcement of Retirement: The Estée Lauder Companies has shared the news of Ronald S. Lauder’s departure from its Board of Directors, effective immediately.
Succession Plan: In his stead, Mr. Lauder has designated Eric Zinterhofer, his son-in-law and a co-founder of Searchlight Capital Partners, to fill his position. Eric Zinterhofer will join the Board, working alongside Jane Lauder, Ronald’s daughter.
Board Chair’s Remarks: Board Chair William P. Lauder has praised Ronald’s significant influence on the company and has welcomed Zinterhofer, expressing trust in his potential to steer the company’s future. Ronald S. Lauder emphasized his enduring commitment to the company’s heritage, asserting that Zinterhofer’s innovative viewpoint is consistent with the familial vision and ideals.