On Friday, Estée Lauder Companies (EL) announced the retirement of Ronald S. Lauder from its Board of Directors, effective immediately. Following his retirement, the Board has elected Eric Zinterhofer as a director.
Under the stockholders' agreement with the Lauder family, Lauder has the right to appoint two board members. While his daughter, Jane Lauder, will continue in her current role on the Board, Lauder has designated his son-in-law, Zinterhofer, as his second representative.
Lauder joined Estée Lauder in 1964 and has held various roles during his tenure. While stepping down from the Board, Lauder will continue as Chairman of Clinique Laboratories.
EL closed Friday's trading at $73.44 down 0.30 percent or $0.22 on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.