Estee Lauder’s long-time CEO Fabrizio Freda to retire

Fabrizio Freda, President and CEO of Estee Lauder.

Getty Images

Estee Lauder said on Monday its long-time CEO Fabrizio Freda had decided to retire from the company at the end of fiscal 2025.

Freda joined Estee in 2008 as president and chief operating officer and was later named the MAC lipstick maker’s CEO.

Estee said the board was considering internal and external candidates as part of its CEO succession planning.

Until a successor is appointed, Freda will continue to lead and oversee the company’s strategic, financial and investment priorities, Estee said.

Estee has trimmed its global workforce and is trying to shore up its margins as part of a turnaround plan.

The company’s results are due later on Monday.

Source

41-year-old American lives on ,633 a month in France: ‘I wish I had the courage to move sooner’

World

41-year-old American lives on $3,633 a month in France: ‘I wish I had the courage to move sooner’

August 16, 2025

When Adriel Sanders first visited Paris in 2017, she immediately felt at home, she says. “It instantly clicked. I was like, ‘This is your home. This is where you’re supposed to be in the world and this is where you will always be. I knew I had to move to Paris,” Sanders tells CNBC Make […]

World

Market concentration around AI darlings persists. It’s making investors worried

August 16, 2025

The stock market continues to be extraordinary in the face of distressing headlines, but the growing concentration risk has more investors on edge. The S & P 500 is back at all-time highs as the bull case on Wall Street plays out. The artificial intelligence buildout is ramping up. Corporate earnings are topping expectations. Interest […]

World

Therapist: The one thing I do each morning to set myself up for daily success—I do it ‘no matter what’

August 16, 2025

Sadie Salazar, therapist and COO of Sage Therapy, considers herself to be a Type-A, recovering perfectionist who can be prone to anxiety. To have the best day possible, she uses her mornings to ground herself. “What I found that really works well for me is making sure that I’m getting up early so that it […]