### Stéphane de La Faverie Poised to Become Estee Lauder CEO Amid Market Challenges

In a significant leadership change, cosmetics powerhouse Estee Lauder is set to name Stéphane de La Faverie as its new CEO, as reported by the Wall Street Journal. The decision, which is based on insider information, marks a crucial transition for the company known for its prestigious brands.

The current CEO, Fabrizio Freda, announced in August his plans to retire next year. However, he will continue to serve as an advisor through fiscal year 2026, providing invaluable guidance to his successor. This leadership shuffle happens during a time when Estee Lauder faces intensified competition and dwindling demand in key markets, particularly China.

Stéphane de La Faverie, who has been with the company since 2013, holds the position of executive group president, overseeing an impressive portfolio including Estée Lauder, Jo Malone London, Le Labo, and Kilian Paris. Before joining Estee Lauder, La Faverie was a top executive at L'Oreal, bringing a wealth of experience to his new role.

Meanwhile, Jane Lauder, a notable contender for the CEO position, disclosed in a company memo that she would be stepping away from her executive duties by the end of this year. Her decision to step aside narrows the path for La Faverie's appointment.

Estee Lauder is expected to make the official announcement as soon as this week, in anticipation of its quarterly results release on October 31. The company's forthcoming leadership change comes at a critical time, echoing recent developments where similarly positioned firms like French cosmetics giant L'Oreal have also reported weakened consumer confidence in the Chinese market.

Amid these shifts, Estee Lauder’s key priority will be navigating the challenges of a global beauty market that is currently facing a period of uncertainty.