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- Estee Lauder Appoints Akhil Shrivastava as New CFO
Estee Lauder Appoints Akhil Shrivastava as New CFO
Slice of Manufacturing Team
July 26, 2024
Key Highlights:
Akhil Shrivastava appointed as Executive Vice President and Chief Financial Officer.
Succeeds Tracey T. Travis, who will retire on June 30, 2025.
Akhil to oversee Global Finance, Accounting, Tax, Treasury, Investor Relations, and New Business Development.
Reporting to William P. Lauder and Fabrizio Freda.
Extensive background with 25 years in finance and leadership.
Source (Business Wire)
Notable Quotes:
“With over 25 years of extensive financial and leadership experience, Akhil is an exceptional and capable leader whose financial and strategic expertise and insights have been important in supporting the Company over the past several years, and he will be instrumental in driving forward our strategic direction and decisions.”
“Akhil has demonstrated his capabilities as a transformational, visionary, and collaborative leader who combines finance and strategy with an appreciation for the creativity within our business and our brands with consumers at the heart.”
“With its leading portfolio of iconic brands, extensive global reach, and impressively talented people, I am honored to lead the Global Finance team. I look forward to helping to advance the Company’s multiple engines of growth to rebuild stronger, more sustainable profitability and support sales growth acceleration across brands, product categories, and regions while evolving the business for the future.”
Our Take:
The appointment of Akhil Shrivastava as the new Chief Financial Officer of The Estée Lauder Companies Inc. marks a significant leadership transition for the company. Akhil’s extensive background and proven track record in financial strategy and leadership make him a valuable asset to the organization. His experience, particularly in driving profitability and strategic business decisions, will be crucial as Estée Lauder aims to enhance its financial performance and achieve sustainable growth. This move underscores the company’s commitment to maintaining strong financial governance while fostering innovation and consumer-focused strategies.