Estee Lauder names Chris Good group president of North America
today Oct 1, 2018
Estee Lauder Companies has promoted Chris Good to the role president of North America at the U.S. cosmetics group, effectively immediately.
Appointed president of North America in 2017, Good will stay reporting to Fabrizio Freda, president and chief executive officer. He also remains a member of the executive leadership team of the New York-based company.
With the promotion, Good continues to focus on "brand distribution, strengthening "fast-growing categories and consumer segments, as well as increasing strategic investments to ignite growth opportunities" as the company looks to capitalise on its recent quarterly trading, where total revenues saw double-digit growth.
"As our home market, with a competitive and fast-evolving prestige beauty landscape, North America remains a central part of our corporate strategy and an important engine for the company’s long-term sustainable growth," said Freda, in a statement.
Before heading up the North America zone, the cosmetics veteran, whose tenure at Estee Lauder spans 15 years, oversaw as the U.K. and Ireland region, where under his leadership net sales grew double-digits on average in constant currency and online sales tripled from 2012 to 2017.
While in the UK, he pioneered the company’s evolution from a traditional department store model into a diversified omnichannel business, including leading online and mobile commerce. Prior to that, he was on the leadership team for the Europe, Middle East and Africa region and served as general manager, Russia.
In the same announcement, Estee Lauder said Claudia Benshimol has been appointed senior vice president and general manager of Estée Lauder and Aerin Beauty for North America, effective October 1. The executive has the task of building the established Estee Lauder brand in North America and will also oversee Aerin Beauty, as it grows its luxury fragrance and beauty business in the region.
Benshimol will in turn report to Good, with a supervisory link to Stéphane de la Faverie, Estee Lauder's global brand president.
In late August, Estee Lauder Companies reported its most recent quarterly results topped quarterly profit and sales estimates. Total revenues rose 14 percent to $3.3 billion for the period ended June 30.
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