Estée Lauder CFO Tracey Travis Set to Retire

Tracey Travis, the chief monetary officer of Estée Lauder Corporations, is about to retire, the wonder conglomerate introduced on Thursday.

Travis, who has been within the place for 12 years, will stay in her function for the following yr, together with her retirement efficient June 30, 2025. Her successor has already been chosen — ELC declined to share who it’s at this second, saying in an announcement that they are going to be revealed within the subsequent few weeks.

As CFO, Travis led eight organisations inside Estée Lauder, together with world finance, accounting, technique and new enterprise improvement. She additionally co-led the corporate’s world worth council and served as a member of the manager management group and the funding improvement committee. Previous to becoming a member of ELC in 2012, Travis served because the CFO for Ralph Lauren for seven years.

In its newest earnings report, ELC managed to submit its first gross sales improve because the finish of 2022. Nevertheless, a rebound within the all-important China market has been sluggish.

Be taught extra:

Estée Lauder Grows Sales, But Still Hasn’t Solved Its China Problem

The corporate reported a long-awaited carry in internet gross sales in its third quarter outcomes, with will increase from skincare main the best way, however clouds persist over its China restoration.