After 27 years at The Estée Lauder Companies, Cedric Prouvé, Group President, International will be retiring on June 30, 2022. Cedric will begin partnering with his soon-to-be-announced successor in February 2022 to ensure a successful transition.
Since joining ELC in 1994, Cedric had held several leadership roles across various regions, affiliates and business areas including General Manager (GM) for Travel Retail in the APAC Region, GM for the Singapore affiliate and Vice President, GM, Travel Retail Worldwide. Prior to his promotion to Group President, International, Cedric was the President and GM of the Japan affiliate.
During his tenure, ELC’s international business has grown from 43 percent in 2003 to 77 percent of the business in fiscal year 2021. Additionally, the company’s international organization has expanded to over 35 affiliates doing business in over 150 countries and territories across ELC’s international footprint. Cedric has also helped the company build out the right capabilities in the Asia/Pacific (APAC) Region and in China and contributed to the implementation of ELC’s new Shanghai Innovation Center and its Japan-based manufacturing facility.
“In a rapidly-changing industry, Cedric’s strategic vision, inspiring leadership style and unique team-building abilities have been integral to the success of ELC’s International business, and we are well-positioned for future growth,” said Fabrizio Freda, President and Chief Executive Officer.
William P. Lauder, Executive Chairman, added, “We have all benefitted from Cedric’s strategic insights and his candid and charismatic communication style. On behalf of the company and the Lauder family, I would like to wish Cedric the very best in his well-deserved retirement.”