Fabrizio Freda (born 31 August 1957) is an Italian business executive and the chief executive officer of the Estée Lauder Companies.
Fabrizio Freda | |
|---|---|
| Born | August 31, 1957 Naples, Italy |
| Occupation | Chief executive officer |
| Employer | Estee Lauder |
Early life
editFreda was born on 31 August 1957 in Naples and graduated from the University of Naples Federico II in March 1981.[1][2]
Career
editFreda was appointed president and chief executive officer of the Estée Lauder Companies Inc. on July 1, 2009,[3][4] succeeding William P. Lauder. He had joined the company in March 2008, when he was appointed president and chief operating officer.[5]
Freda was previously president of Procter & Gamble's Global Snacks division. Freda joined P&G in 1982 and spent 10 years in the health and beauty division.[6][7]
He had a two-year stint at Gucci as international director of marketing and strategy until its sale to an investor group in 1988, before rejoining P&G.[1][8]
In 2021, Freda's total compensation from Estée Lauder was $66 million, representing a CEO-to-median worker pay ratio of 1,965-to-1.[9] In 2022, Freda's total calculated compensation as chief executive officer, president, and director at Estée Lauder was $25.5 million.[10] In 2023, Freda's total compensation from Estée Lauder was $21.8 million, or 645 times the median employee pay at the Estée Lauder Companies for that year.[11]
Awards and honors
editIn 2015, Freda received the Order of Merit for Labour from Italian President Sergio Mattarella.[13]
Personal life
editFreda is married with a son and a daughter.[14]
References
edit- ^ a b "Fabrizio Freda's Steady Ascent". Women's Wear Daily. 8 May 2009.
- ^ Parker, Garrett (8 April 2020). "10 Things You Didn't Know about Fabrizio Freda". Money INC.
- ^ "Estee Lauder to promote COO to CEO as planned". Fashion Network. 26 March 2008.
- ^ "Fabrizio Freda". Estee Lauder.
- ^ Platero, Mario (22 February 2021). "Fabrizio Freda: the "mister 100 billion" who revolutionized Estee Lauder Companies is Italian". la Republica (in Italian).
- ^ Salas, Abigail (8 April 2019). "Estee Lauder CEO Fabrizio Freda on Inspiring the New Generation of Beauty".
- ^ Echenique, Sandra (22 June 2022). "His name is Fabrizio Freda" (in Italian).
- ^ Tully, Shawn (31 October 2013). "An outsider in the family castle". Fortune.
- ^ Jackson, Sarah (2022-07-22). "Here are the 20 companies with the biggest pay gap between CEOs and workers in 2021, including Amazon, Apple, Starbucks, and McDonald's". Business Insider. Archived from the original on 2024-02-14. Retrieved 2024-08-31.
- ^ Hopkins, Kathryn (7 December 2022). "Fabrizio Freda Talks Succession Planning at The Estee Lauder Cos". Women's Wear Daily. Retrieved 2023-06-01.
- ^ Anderson, Sarah (2024-08-29). "Executive Excess 2024: The "Low Wage 100" corporations are enriching CEOs at the expense of workers and long-term investment" (PDF). Institute for Policy Studies. Archived (PDF) from the original on 2024-08-29. Retrieved 2024-08-31.
- ^ "Freda, il secondo Ceo più pagato negli Usa è italiano: maxistipendio da 66 mln". Affaritaliani.it (in Italian). 2022-06-13. Retrieved 2023-06-01.
- ^ Janik, Lucie (24 October 2015). "Fabrizio Freda Honored With 'Cavalieri del Lavoro' Award in Italy". Women's Wear Daily.
- ^ Gottfried, Miriam (14 January 2012). "Estée Lauder's Makeover Man". Barron's.