The Estee Lauder Companies Inc Class A

EL: XNYS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
$799.00MpmVtxqycvtf

Estee Lauder: Company Veteran to Assume CFO Role as Profit Recovery Plan Is Underway

We plan to maintain our $210 fair value estimate and our Standard Capital Allocation Rating for wide-moat Estee Lauder following the announcement that the company has promoted Corporate Controller Akhil Shrivastava to CFO, effective November. The outgoing CFO, Tracey Travis, will remain a senior advisor until her retirement in June 2025. As the two executives have worked together in the finance department for the past nine years, we expect a smooth transition of responsibilities in the coming months.

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