The Estee Lauder Companies has announced the appointment of Akhil Shrivastava as Executive Vice President and Chief Financial Officer, effective November 1, 2024. Shrivastava succeeds Tracey T Travis, who will be retiring after a long tenure with the company.
Travis will remain with the company until the end of June 2025 to ensure a smooth transition of responsibilities. Shrivastava has been with Estee Lauder since 2015 and has held various senior finance roles, most recently serving as Senior Vice President, Corporate Controller.
Shrivastava’s appointment comes as the company continues to navigate the challenges of the global beauty industry. His extensive experience and strategic expertise will be crucial in driving forward the company’s direction and decision-making. According to Fabrizio Freda, President and CEO, “Akhil is an exceptional leader who has consistently demonstrated his ability to provide valuable financial insights and guidance. I look forward to working closely with him as we focus on rebuilding stronger profitability and driving sales growth across our business.”
The Estee Lauder Companies is a global leader in the beauty industry, with a portfolio of iconic brands including MAC, Clinique, and La Mer. The company’s appointment of Shrivastava as CFO marks a significant milestone in its ongoing efforts to adapt to changing market trends and consumer preferences.
