Estee Lauder Appoints Akhil Shrivastava as New CFO
Slice of Manufacturing Team
Jul 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)
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.” ”
Fabrizio Freda, President and CEO at The Estée Lauder Companies Inc
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.
