Estee Lauder names Akhil Shrivastava as CFO

By

Benjamin Fitzgerald

Published
Jul 24, 2024

Estee Lauder announced on Tuesday the appointment of Akhil Shrivastava to the role of chief financial officer, effective November 1. He will succeed Tracey Travis, following her decision to retire after 12 years in the role.

Travis will remain at the company until her retirement on June 30, 2025, to support a seamless transition, the company said.

Akhil will report to William Lauder, executive chairman, and Fabrizio Freda, president and chief executive officer, consistent with the reporting structure for Travis.

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Akhil first joined Estee Lauder in 2015 as vice president, global finance and strategy for the Estée Lauder brand and was then appointed to the role of senior vice president, global finance and strategy for Jane Hertzmark Hudis’ brand cluster in January 2019.

Prior to this, he spent eighteen years at Procter & Gamble, where he served in several finance and leadership roles across Asia, North America, and the global businesses, including finance director for Gillette, North America.

“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,” said Freda.

“I look forward to partnering with Akhil as we continue to rebuild stronger, more sustainable profitability and sales growth acceleration across the business.”

In May, Estée Lauder Companies lowered its revenue outlook for the remainder of the year as the company faces lackluster demand for its high-end products in China.