07.12.24
The Estée Lauder Companies Inc. announced that Tracey T. Travis, Executive Vice President and Chief Financial Officer, has decided to retire, effective June 30, 2025. A successor for the CFO role has been identified and will be named in the coming weeks. Travis will work closely with this person to ensure a smooth and successful transition.
Travis had over twelve years of exemplary leadership and service at the company. Since joining the ELC, Travis has led the company’s Global Finance, Accounting, Tax, Treasury, Investor Relations, Information Technology, and Strategy and New Business Development organizations.
Travis and her team helped lead strategic acquisitions including Tom Ford and DECIEM. She also led the NIV team.
Fabrizio Freda, President and Chief Executive Officer, said,
“Tracey has been an invaluable business partner and a trusted advisor to me, our executives and Board of Directors, as well as a mentor and role model to many across our organization. She has built and led a robust, integrated Global Finance & Strategy organization that has served as a valued business partner across the company and has helped to optimize delivery of our financial plans. Her financial acumen, discipline, and operational excellence have been essential to our company’s growth, and so many areas of our organization have her valuable imprint on them.”
Over the last twelve years, Travis has built a robust, integrated Global Finance & Strategy (F&S) organization at ELC that serves as a valued business partner across the company.
Under her leadership, F&S has provided financial guidance throughout the enterprise while maximizing business and transformational opportunities, optimizing the capital structure, and supporting brand growth strategies and cash management.
At ELC she has also co-led the company’s Global Value Council and served as a member of the Executive Leadership Team and the Investment Development Committee.
Travis helped improve ELC’s Information Technology function and developed the Finance & Finance & Strategy Leadership Development Program (FASLEAP), to strengthen talent development and engagement.
William P. Lauder, Executive Chairman, commented,
“An inspiring and visionary leader, Tracey has been deeply committed to exemplifying our values throughout her years of dedicated service to our company. Tracey has had a remarkable impact on driving our business forward by leading our portfolio strategy, but also by developing our talent, cultivating a culture of inclusion and continued learning, and advancing initiatives to foster a more diverse and equitable workplace and marketplace.”
Tracey has also been a committed Global Executive Sponsor of the Women’s Leadership Network (WLN) employee resource group (ERG), where she helped further a culture of recognizing women as pioneers in the beauty industry and highlighting their creativity and ingenuity in shaping trends and redefining standards.
She has received multiple industry awards and accolades throughout her career. She received a Best CFO award from Institutional Investor magazine, and was recognized as one of the “Top 100 African Americans in Corporate America,” and “The Most Powerful Women in Corporate America” by Black Enterprise magazine. In 2019, Travis also received an Achiever Award from Cosmetic Executive Women.
Currently, Travis serves as a director on the Board of Accenture PLC and the Board of Meta Platforms Inc. (formerly, Facebook).
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