07.24.24
The Estée Lauder Companies has appointed Akhil Shrivastava as Executive Vice President and Chief Financial Officer. He will succeed Tracey T. Travis, who recently announced her intention to retire.
Shrivastava will assume his new role effective November 1, 2024. Travis will remain at the Company until her retirement on June 30, 2025, to support a seamless transition. He will report to William P. Lauder, Executive Chairman, and Fabrizio Freda, President and Chief Executive Officer.
Freda, said,
“With over 25 years of extensive financial and leadership experience, Akhil is an exceptional and capable leader whose financial and strategic expertise and insights have been important in supporting the Company over the past several years, and he will be instrumental in driving forward our strategic direction and decisions. I look forward to partnering with Akhil as we continue to rebuild stronger, more sustainable profitability and sales growth acceleration across the business.”
Shrivastava joined ELC in 2015 and has served in several financial roles within the company.
He was recently named ELC’s Senior Vice President, Corporate Controller, a role that oversees Corporate Accounting and Financial Planning & Analysis, the International and Online Finance organizations, Pricing and Value Chain Finance, serving on both the Finance & Strategy Leadership Team and Executive Leadership Team.
Before Shrivastava’s current role, he was Senior Vice President, and Treasurer, where he was responsible for core Treasury functions, the Enterprise Risk Program, Real Estate, and oversight of the company’s retirement funds.
As Chief Financial Officer, Shrivastava will be responsible for the company’s Global Finance, Accounting, Tax, Treasury, Investor Relations, and New Business Development organizations.
He will lead ELC’s Global Finance & Strategy (F&S) organization and will continue to strengthen the Finance & Strategy Team.
Shrivastava will serve as a member of several of ELC’s senior management leadership groups including the Executive Leadership Team, Investment Development Committee, Fiduciary Investment Committee, and Corporate Risk Management Committee.
William P. Lauder, said,
“Akhil has demonstrated his capabilities as a transformational, visionary, and collaborative leader who combines finance and strategy with an appreciation for the creativity within our business and our brands with consumers at the heart. He also has a keen ability to cultivate high-performing teams and organizations and will continue to strengthen the tremendously talented Finance & Strategy organization, which will be instrumental in continuing to drive our strategic business objectives and priorities for the long-term.”
Shrivastava, commented,
“With its leading portfolio of iconic brands, extensive global reach, and impressively talented people, I am honored to lead the Global Finance team. I look forward to helping to advance the Company’s multiple engines of growth to rebuild stronger, more sustainable profitability and support sales growth acceleration across brands, product categories, and regions while evolving the business for the future.”
Before joining ELC, Shrivastava spent eighteen years at Procter & Gamble, where he served in several finance and leadership roles across Asia, North America, and global businesses, including Finance Director for Gillette, North America.
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