Byline: Molly Prior
Planning the Structure: EstA[c]e Lauder Cos. Sets Core Management Team
As Fabrizio Freda readies to ascend to the chief executive post, the EstA[c]e Lauder Cos. Inc. is rejiggering its leadership ranks in a move to gather key decision makers around one table to draft the future direction of the 63-year-old beauty giant.
Freda's new leadership structure and the other new appointments will become effective July 1.
Replacing Lauder's current structure of an executive committee comprised of group presidents and a regional head will be the Executive Leadership Team of 27 senior executives from all the brands, regions and functions. "The idea behind the structure is to create a more integrated organization," said Freda, who joined the company as president and chief operating officer in November 2007. "Together we will work in a more multifunctional way. Before, the company had little integration …